If you're new to the cryptocurrency market it is worth looking at some general crypto glossaries such as from CoinMarketcap or Binance.
There is also a Cardano glossary to find out more about terms used in the Cardano ecosystem that is worth checking out!
Catalyst App
The Catalyst app is a mobile application that helps Project Catalyst members view and vote on proposals for each funding round. The voting app is available both on iOS and Android.
Challenge
A challenge is a specific problem or focus area that aims to help improve the Cardano ecosystem. Challenges could range from attracting software developers, creating DApps, improving decision making or making improvement proposals to Cardano itself. Anyone can try to address a challenge in a funding round by submitting a proposal with their idea.
Challenge Phases
The three main phases in Project Catalyst are innovation, governance and execution. Each challenge will go through these phases with a subset of stages that take a challenge from idea to execution.
Challenge Setting
Challenge setting is a challenge where the community come up with proposals for what challenges should be set for future funds. Proposals for challenge setting will include the purpose of the suggested challenge and how it would help the ecosystem and the amount of funding that they suggest should be made available to solve the problem set our in their challenge setting proposal.
Challenge Stages
Challenge stages are a collection of milestones for a challenge where different members of Project Catalyst will perform tasks to move a challenge from idea towards execution. A list of challenge phases and stages is listed here.