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ERC-721 A succinct definition of ERC-721 ERC-721Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-721Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-721ERC, which stands for Ethereum Request for Comment, is a standard conveying the essential technical notes and requirements to a group of developers and users. ERC-721, initially proposed by Dieter Shirley as an Ethereum Improvement Proposal (EIP), is the standard for representing ownership of non-fungible tokens …
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Ledger A succinct definition of Ledger LedgerLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYLEDGERCopy linkShare on TwitterShare on FacebookShare on LinkedinLedgerLedgers in the cryptocurrency industry are commonly decentralised, as they do not involve the governance of any central authority. They work as a tool to keep track of transactions, identities, and balances within a network, known as distributed ledger technology (DLT). Distributed ledgers are organised, held, and ma…
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Hashing A succinct definition of Hashing HashingLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHASHINGCopy linkShare on TwitterShare on FacebookShare on LinkedinHashingA hashing algorithm on a blockchain takes an infinite number of bits, puts them through calculations, then outputs a fixed number of bits. No matter the length of the input data, the output is always rectified at a fixed length.Hashing helps to prevent major issues in the cryptocurrency industry, including double…
ZK Rollup A succinct definition of ZK Rollup ZK RollupLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYZK ROLLUPCopy linkShare on TwitterShare on FacebookShare on LinkedinZK RollupA Zero-Knowledge (ZK) rollup is a Layer-2 scaling solution for blockchains, particularly designed to improve scalability and reduce transaction costs. Blockchains like Ethereum have limited transaction throughput due to their consensus mechanisms, and Layer-2 solutions aim to process transactions and st…
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RSA A succinct definition of RSA RSALevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYRSACopy linkShare on TwitterShare on FacebookShare on LinkedinRSARSA (short for Rivest–Shamir–Adleman) is one of the most widely used public-key encryption algorithms for secure data transmission. Named after Ron Rivest, Adi Shamir, and Leonard Adleman, who publicly described the algorithm in 1977, RSA is used to securely transmit messages over the internet. As an asymmetric cryptosystem, RSA…
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Hardware Wallet A succinct definition of Hardware Wallet Hardware WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHARDWARE WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinHardware WalletA hardware wallet is an offline physical cryptocurrency wallet that heavily emphasises the security of private keys. Hardware-based cold storage is generally considered more secure than software-based hot wallets because it keeps the private keys of a digital wallet complet…
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Cryptocurrency Wallet A succinct definition of Cryptocurrency Wallet Cryptocurrency WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTOCURRENCY WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinCryptocurrency WalletCryptocurrency wallets are a method to store digital assets, as well as execute transactions through the blockchain. Depending on the provider, some wallets have additional features, such as allowing users to purchase and sell their assets or i…
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Wallet A succinct definition of Wallet WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYWALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinWalletCryptocurrency wallets are a method to manage digital assets, as well as execute transactions through the blockchain. Depending on the provider, some wallets have additional features, such as allowing users to purchase and sell their assets or interact with decentralised applications (dapps) within a specific ecosyste…
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Multi-Signature Authentication A succinct definition of Multi-Signature Authentication Multi-Signature AuthenticationLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMULTI-SIGNATURE AUTHENTICATIONCopy linkShare on TwitterShare on FacebookShare on LinkedinMulti-Signature AuthenticationMulti-signature authentication (often referred to as multisig in cryptocurrency and blockchain) is a security feature that requires multiple private keys to authorise a transaction. Instead of relyin…
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Sound Wallet A succinct definition of Sound Wallet Sound WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSOUND WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinSound WalletA sound wallet in cryptocurrency is a novel way of storing private keys using sound or audio. The concept involves encoding a private key as a sound file to provide an additional layer of security, which can then be stored in various formats like a CD, vinyl record, MP3 file, or even an a…
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