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…Backward Compatibility A succinct definition of Backward Compatibility Backward CompatibilityLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBACKWARD COMPATIBILITYCopy linkShare on TwitterShare on FacebookShare on LinkedinBackward CompatibilityBackward compatibility in blockchain refers to the ability of a new version or update of a blockchain protocol or software to interact seamlessly with older versions of the same protocol. Backward compatibility allows newer software or pro…
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…In some circles, it is also a metric that measures how successful an investment is in outperforming the market.Full definitionAltcoinAny cryptocurrency other than Bitcoin is referred to as an altcoin.Full definitionAnti-Money Laundering (AML)Anti-money laundering (AML) refers to the procedures, laws, regulations, and any other tools intended to prevent money laundering.Full definitionAnti-Phishing CodeAn Anti-Phishing Code is a security feature to help protect from phishing attacks, where users …
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…Its chief aim is to foster the adoption of Ordinals through upholding backward compatibility with BRC-20 while enhancing adaptability, scalability, and security.Developed after the BRC-20 standard, ORC-20 aims to rectify some of BRC-20’s limitations by enhancing security and flexibility. ORC-20 extends the reach of BRC-20 by accommodating a broader range of data formats and utilising Bitcoin’s unspent transaction output (UTXO) model to address the challenge of double-spending, which has been…
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…While the ERC-20 token standard is still used frequently, ERC-777 aims to improve upon it while keeping backward compatibility with ERC-20 tokens.Hooks are an improvement made to the ERC-777 token. They allow smart contracts to react to incoming and outgoing tokens in two ways:Hooks can send tokens to a contract and also notify that contract in a single transaction, making them more efficient. ERC-20, on the other hand, typically requires a double transaction to process both requests.Contracts w…
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Non-Custodial Wallet A succinct definition of Non-Custodial Wallet Non-Custodial WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYNON-CUSTODIAL WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinNon-Custodial WalletA non-custodial wallet, also known as a self-custody wallet, is a digital wallet that allows individuals to securely store and manage their digital assets without relying on a third-party custodian. It promotes financial autonomy and privacy, offeri…
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Hierarchical Deterministic (HD) Wallet A succinct definition of Hierarchical Deterministic (HD) Wallet Hierarchical Deterministic (HD) WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHIERARCHICAL DETERMINISTIC (HD) WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinHierarchical Deterministic (HD) WalletA Hierarchical Deterministic (HD) wallet, defined under Bitcoin Improvement Proposal 32 (BIP-32), is a type of cryptocurrency wallet that generates a tree-like…
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Inter-Blockchain Communication Protocol (IBC) A succinct definition of Inter-Blockchain Communication Protocol (IBC) Inter-Blockchain Communication Protocol (IBC)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYINTER-BLOCKCHAIN COMMUNICATION PROTOCOL (IBC)Copy linkShare on TwitterShare on FacebookShare on LinkedinInter-Blockchain Communication Protocol (IBC)Launched by the Interchain Foundation, the Inter-Blockchain Communication Protocol (IBC) is an open-source blockchain that e…
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Open-Source Blockchain A succinct definition of Open-Source Blockchain Open-Source BlockchainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYOPEN-SOURCE BLOCKCHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinOpen-Source BlockchainAn open-source blockchain refers to a blockchain network or protocol whose source code is made publicly available, allowing anyone to freely view, modify, and distribute the code. Open-source blockchain projects offer several key benefits…
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What Are ERC-20 Tokens? All About Ethereum’s Most Important Token Standard ERC-20 is a token standard for fungible tokens on Ethereum. Learn what it is and how cryptocurrencies can be minted with it. What Are ERC-20 Tokens? All About Ethereum’s Most Important Token StandardLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYAltcoins15 May 2024|INTERMEDIATE|5 MIN READWhat Are ERC-20 Tokens? All About Ethereum’s Most Important Token StandardERC-20 is a token standard for fungi…
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What Are ERC-20 Tokens? All About Ethereum’s Most Important Token Standard ERC-20 is a token standard for fungible tokens on Ethereum. Learn what it is and how cryptocurrencies can be minted with it. What Are ERC-20 Tokens? All About Ethereum’s Most Important Token StandardLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYAltcoins15 May 2024|INTERMEDIATE|5 MIN READWhat Are ERC-20 Tokens? All About Ethereum’s Most Important Token StandardERC-20 is a token standard for fungi…
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