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Permissionless A succinct definition of Permissionless PermissionlessLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPERMISSIONLESSCopy linkShare on TwitterShare on FacebookShare on LinkedinPermissionlessA permissionless system is one that has no apparent ‘gatekeepers’, meaning there isn’t something or someone able to stop any particular person or thing from using it or limiting access to it. For example, Bitcoin is permissionless because anyone can use its features.In the…
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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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Stop-Loss Order A succinct definition of Stop-Loss Order Stop-Loss OrderLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSTOP-LOSS ORDERCopy linkShare on TwitterShare on FacebookShare on LinkedinStop-Loss OrderA stop-loss order lets traders dictate a specific price to buy or sell a cryptocurrency. These types of orders are primarily used as a way to limit a trader’s potential loss on a cryptocurrency. For example, if a trader were to set a stop-loss order at 20% below the price…
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Fiat-Collateralised Stablecoin A succinct definition of Fiat-Collateralised Stablecoin Fiat-Collateralised StablecoinLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFIAT-COLLATERALISED STABLECOINCopy linkShare on TwitterShare on FacebookShare on LinkedinFiat-Collateralised StablecoinA fiat-collateralised stablecoin is a type of cryptocurrency backed by a reserve of fiat currency (such as the US dollar, euro, or other national currencies) or cash equivalents (e.g., US short-term …
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Customer Due Diligence (CDD) A succinct definition of Customer Due Diligence (CDD) Customer Due Diligence (CDD)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCUSTOMER DUE DILIGENCE (CDD)Copy linkShare on TwitterShare on FacebookShare on LinkedinCustomer Due Diligence (CDD)Customer Due Diligence (CDD) is the process of assessing and verifying the identity of customers as part of regulatory compliance and risk management in the cryptocurrency industry. This process is essential f…
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Fully Diluted Valuation (FDV) A succinct definition of Fully Diluted Valuation (FDV) Fully Diluted Valuation (FDV)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFULLY DILUTED VALUATION (FDV)Copy linkShare on TwitterShare on FacebookShare on LinkedinFully Diluted Valuation (FDV)Fully diluted valuation (FDV) refers to the total market capitalisation of a cryptocurrency if all possible tokens or coins were in circulation, calculated as the current token price multiplied by the tot…
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Anti-Phishing Code A succinct definition of Anti-Phishing Code Anti-Phishing CodeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYANTI-PHISHING CODECopy linkShare on TwitterShare on FacebookShare on LinkedinAnti-Phishing CodeAn Anti-Phishing Code is a security feature used by cryptocurrency exchanges, wallets, or platforms to help users verify the authenticity of communications they receive, particularly via email. It helps protect users from phishing attacks, where malicious act…
Rug Pull A succinct definition of Rug Pull Rug PullLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYRUG PULLCopy linkShare on TwitterShare on FacebookShare on LinkedinRug PullA rug pull is a scam in the cryptocurrency industry where malicious actors pose as creators or developers of a project with the intention to essentially take all the funding for a project and leave. The term refers to the saying of one having a rug pulled out from under them.With rug pulls, which are prevale…
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What Is Sharding? Sharding can improve transaction speed and scalability. Learn what the term means and how sharding works. What Is Sharding?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain30 Jun 2023|INTERMEDIATE|3 MIN READWhat Is Sharding?Sharding can improve transaction speed and scalability. Learn what the term means and how sharding works. Key Takeaways: Sharding is a technique used in blockchain to enhance scalability and transaction speed by dividing the netwo…
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Nick Szabo A succinct definition of Nick Szabo Nick SzaboLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYNICK SZABOCopy linkShare on TwitterShare on FacebookShare on LinkedinNick SzaboNick Szabo is a cryptographer and computer scientist well known for creating Bit Gold, a predecessor to Bitcoin. Having created Bit Gold, Szabo is considered by many to be Satoshi Nakamoto, the creator of Bitcoin. However, Szabo has denied these claims several times.Szabo is also known as the inven…
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