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Staking A succinct definition of Staking StakingLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSTAKINGCopy linkShare on TwitterShare on FacebookShare on LinkedinStakingUsers who stake (provide funds) are ‘locking up’ their funds by depositing them onto the blockchain, which allows for it to be secure and functional. Typically, users who stake to a blockchain network earn a reward for helping to secure the network.Staking is a very common practise with blockchains that use t…
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Bridge A succinct definition of Bridge BridgeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBRIDGECopy linkShare on TwitterShare on FacebookShare on LinkedinBridgeBridges are points between two different blockchains, allowing users to move between the two. In reality, like currency in traditional finance (TradFi), tokens typically do not move across blockchains. Rather, the amount changes between blockchains.Bridges can be either centralised or decentralised. A centralised bri…
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What Are Dapps? Decoding Decentralised Applications Dapps are changing the way users interact with applications and the internet as a whole — learn how they leverage decentralisation and which platforms are popular right now. What Are Dapps? Decoding Decentralised ApplicationsLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain17 Oct 2023|BEGINNERS|5 MIN READWhat Are Dapps? Decoding Decentralised ApplicationsDapps are changing the way users interact with applications a…
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Block Producer A succinct definition of Block Producer Block ProducerLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBLOCK PRODUCERCopy linkShare on TwitterShare on FacebookShare on LinkedinBlock ProducerA block producer is an entity responsible for generating and validating new blocks in a blockchain network. Block producers are critical to a blockchain’s functioning, as they collect transaction data and store it in blocks, validating their legitimacy on the blockchain.In Pro…
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Validator A succinct definition of Validator ValidatorLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYVALIDATORCopy linkShare on TwitterShare on FacebookShare on LinkedinValidatorA validator is a participant in a Proof of Stake (PoS) blockchain chosen to create new blocks and validate transactions based on the amount of cryptocurrency they ‘stake’ in the network. Responsible for validating new transactions and maintaining the security of the blockchain, validators play a cru…
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Gas (ETH) A succinct definition of Gas (ETH) Gas (ETH)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYGAS (ETH)Copy linkShare on TwitterShare on FacebookShare on LinkedinGas (ETH)Gas is the cost to perform transactions on the Ethereum blockchain. Many types of protocols on the Ethereum network require the use of gas in order for transactions to be performed on the blockchain. For example, decentralised apps (dapps), non-fungible tokens (NFTs), and transfers of funds all require …
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Hashrate A succinct definition of Hashrate HashrateLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHASHRATECopy linkShare on TwitterShare on FacebookShare on LinkedinHashrateIn blockchain, hashrate refers to the speed at which a computer or network of computers is able to perform operations in the hashing algorithm. Hashing is a fundamental process of blockchain technology, and it involves taking input data and transforming it into a fixed-size string of characters.The hashrate …
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Sidechain A succinct definition of Sidechain SidechainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSIDECHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinSidechainSidechains, also known as secondary blockchains, are separate blockchain networks connected to the main blockchain (mainnet) via a two-way peg. This connection enables the transfer of tokens and digital assets from the mainnet to the sidechain (and vice versa) at a predetermined rate. In return, this e…
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What Are Dapps? Decoding Decentralised Applications Dapps are changing the way users interact with applications and the internet as a whole — learn how they leverage decentralisation and which platforms are popular right now. What Are Dapps? Decoding Decentralised ApplicationsLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain17 Oct 2023|BEGINNERS|5 MIN READWhat Are Dapps? Decoding Decentralised ApplicationsDapps are changing the way users interact with applications a…
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Blockchain A succinct definition of Blockchain BlockchainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBLOCKCHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinBlockchainBlockchain is the underlying technology behind cryptocurrencies. A type of distributed ledger technology (DLT), blockchain is a database mechanism that facilitates the recording of transactions online. Information on a blockchain is encrypted and managed in a decentralised and trustless manner.Some…
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