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Anti-Money Laundering (AML) A succinct definition of Anti-Money Laundering (AML) Anti-Money Laundering (AML)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYANTI-MONEY LAUNDERING (AML)Copy linkShare on TwitterShare on FacebookShare on LinkedinAnti-Money Laundering (AML)Anti-money laundering (AML) refers to a set of guidelines that prevents illegal income from being disguised as legitimate earnings. In cryptocurrency, it covers any preventive measures designed to inhibit criminals…
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Calldata A succinct definition of Calldata CalldataLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCALLDATACopy linkShare on TwitterShare on FacebookShare on LinkedinCalldataCalldata refers to a temporary data storage location in a smart contract platform where data is sent along with a transaction when calling a function in a smart contract. Calldata is a non-persistent and read-only part of the transaction data, and once it is sent with a transaction, it cannot be modified by …
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ERC-1155 A succinct definition of ERC-1155 ERC-1155Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-1155Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-1155ERC, which stands for Ethereum Request for Comment, is a standard conveying the essential technical notes and requirements to a group of developers and users. The ERC-1155 token standard was created to solve the limitations of more common token standards like ERC-20 and ERC-721, aiming to build upon their be…
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Double Bottom A succinct definition of Double Bottom Double BottomLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDOUBLE BOTTOMCopy linkShare on TwitterShare on FacebookShare on LinkedinDouble BottomA bullish technical indicator pattern, a double bottom identifies a potential reversal in a downward trend, where it forms when an asset price reaches a low two times in a row with a moderate increase between the two lows. A double top is the reversal of this pattern after an extende…
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Optimistic Rollup A succinct definition of Optimistic Rollup Optimistic RollupLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYOPTIMISTIC ROLLUPCopy linkShare on TwitterShare on FacebookShare on LinkedinOptimistic RollupAn optimistic rollup is a Layer-2 scaling solution designed to enhance the throughput and efficiency of blockchains, particularly Ethereum. It allows transactions to be processed off the Layer-1 network, with the assumption that off-chain transactions are valid by…
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Peer-to-Peer (P2P) A succinct definition of Peer-to-Peer (P2P) Peer-to-Peer (P2P)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPEER-TO-PEER (P2P)Copy linkShare on TwitterShare on FacebookShare on LinkedinPeer-to-Peer (P2P)Peer-to-peer (P2P) networks do not have a central server or authority that facilitates the management of its communications. Each user contributes in effort to help keep the entire network running smoothly, and all members of this network are considered equal…
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Maker Fee A succinct definition of Maker Fee Maker FeeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMAKER FEECopy linkShare on TwitterShare on FacebookShare on LinkedinMaker FeeA maker fee in cryptocurrency trading is a fee that cryptocurrency exchanges charge to users who add liquidity to the order book by placing limit or stop-limit orders that aren’t instantly matched with an existing order on the exchange. These users are referred to as ‘makers’ because their orders …
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Cryptocurrency A succinct definition of Cryptocurrency CryptocurrencyLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTOCURRENCYCopy linkShare on TwitterShare on FacebookShare on LinkedinCryptocurrencyA cryptocurrency is a digital or virtual currency in which all peer-to-peer (P2P) transactions are verified and recorded using cryptography, making it very difficult to counterfeit or hack. Cryptocurrencies are built to enable a decentralised financial (DeFi) system where anyone…
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Open-Source A succinct definition of Open-Source Open-SourceLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYOPEN-SOURCECopy linkShare on TwitterShare on FacebookShare on LinkedinOpen-SourceOpen-source software refers to a specific approach to developing computer software. This approach permits a user to inspect, duplicate, and modify the software without restrictions. It is also commonly applied in the cryptocurrency industry, as it promotes and embraces an open exchange of info…
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Lightning Network A succinct definition of Lightning Network Lightning NetworkLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYLIGHTNING NETWORKCopy linkShare on TwitterShare on FacebookShare on LinkedinLightning NetworkThe Lightning Network is built on top of Bitcoin, acting as a Layer-2 protocol that aims to improve Bitcoin’s scalability and transaction speed. A major feature of how the Lightning Network facilitates this is by taking transactions off-chain to process them ins…
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