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Honeypot A succinct definition of Honeypot HoneypotLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHONEYPOTCopy linkShare on TwitterShare on FacebookShare on LinkedinHoneypotIn honeypot scams, the scammers typically contact cryptocurrency users through social media platforms like X, Discord, or Reddit, presenting themselves as inexperienced individuals seeking assistance. They claim to have received a substantial crypto payout and require help transferring or cashing it out. In …
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Halving Event A succinct definition of Halving Event Halving EventLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHALVING EVENTCopy linkShare on TwitterShare on FacebookShare on LinkedinHalving EventA halving event is aimed at reducing inflation by lowering the amount of new coins created and cutting in half mining rewards, given to cryptocurrency miners as compensation for validating blocks. Mining is used to permanently add transactions to the blockchain, and miners are incent…
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Confirmation Bias A succinct definition of Confirmation Bias Confirmation BiasLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCONFIRMATION BIASCopy linkShare on TwitterShare on FacebookShare on LinkedinConfirmation BiasConfirmation bias is a form of cognitive bias, where the human mind preferentially looks for self-validation by taking in information that substantiates a certain decision or thought while filtering out, disregarding, or ignoring any information contrary to that.H…
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Lockup A succinct definition of Lockup LockupLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYLOCKUPCopy linkShare on TwitterShare on FacebookShare on LinkedinLockupIn cryptocurrency and blockchain, ‘lockup’ refers to a period during which certain tokens or coins are restricted from being sold, transferred, or traded. This mechanism is often used to stabilise the price of a cryptocurrency, protect against market manipulation, or ensure that the team and early investors remain…
Metadata A succinct definition of Metadata MetadataLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMETADATACopy linkShare on TwitterShare on FacebookShare on LinkedinMetadata‘Metadata’ refers to data that provides information about other data within a blockchain network, which includes various types of supplementary information that helps describe, manage, and track the primary data (transactions, blocks, user information, smart contracts, etc.).For transactions, metadata pr…
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Fiat A succinct definition of Fiat FiatLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFIATCopy linkShare on TwitterShare on FacebookShare on LinkedinFiatFiat money is a currency that has been established as a legal tender, often by government policies. Unlike commodities like gold, fiat money does not have intrinsic value. In other words, the paper money is essentially worthless. Rather, its value is derived from the supply and demand, as well as the trust in the issuing govern…
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Ascending Wedge A succinct definition of Ascending Wedge Ascending WedgeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYASCENDING WEDGECopy linkShare on TwitterShare on FacebookShare on LinkedinAscending WedgeAn ascending wedge is a bearish chart pattern in technical analysis characterised by two converging trendlines that slope upwards. Also known as a rising wedge, the two upward-sloping trendlines connect a series of higher highs (the upper trendline) and a series of higher l…
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RPC A succinct definition of RPC RPCLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYRPCCopy linkShare on TwitterShare on FacebookShare on LinkedinRPCRemote Procedure Call, also known simply as RPC, plays a crucial role in the functioning of many cryptocurrencies, including Ethereum. It refers to a communication protocol that allows a programme (like a wallet or node) to efficiently request services from another programme or server over a network, typically the internet.In a cryp…
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Impossible Trinity A succinct definition of Impossible Trinity Impossible TrinityLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYIMPOSSIBLE TRINITYCopy linkShare on TwitterShare on FacebookShare on LinkedinImpossible TrinityThe Impossible Trinity, also known as blockchain trilemma, is one of the greatest hurdles for cryptocurrency. It states that blockchains can only simultaneously achieve two out of either decentralisation, scalability, or security — but never all three.Scala…
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ERC A succinct definition of ERC ERCLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERCCopy linkShare on TwitterShare on FacebookShare on LinkedinERCERC, short for Ethereum Request for Comment, comes in many forms, including registries, package formats, libraries, and token standards. Since Ethereum is an open-source protocol, anyone with knowledge of Solidity can submit their own ERC. However, not every new ERC version gets approved, as it is the original creator’s responsibi…
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