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Delegated Proof of Stake (DPoS) A succinct definition of Delegated Proof of Stake (DPoS) Delegated Proof of Stake (DPoS)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDELEGATED PROOF OF STAKE (DPOS)Copy linkShare on TwitterShare on FacebookShare on LinkedinDelegated Proof of Stake (DPoS)In Delegated Proof of Stake (DPoS), users vote in delegates, also known as validators, to verify and produce blocks. After successfully producing a block, validators may then distribute their bl…
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Staking Pool A succinct definition of Staking Pool Staking PoolLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSTAKING POOLCopy linkShare on TwitterShare on FacebookShare on LinkedinStaking PoolIn Proof of Stake (PoS) and its variants like Delegated Proof of Stake (DPoS), staking is the process of locking up a certain amount of tokens or coins in a wallet to support the operations of a blockchain network. In return, participants are rewarded with additional tokens.A staking pool…
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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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Biometric Authentication A succinct definition of Biometric Authentication Biometric AuthenticationLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBIOMETRIC AUTHENTICATIONCopy linkShare on TwitterShare on FacebookShare on LinkedinBiometric AuthenticationBiometric authentication refers to the use of biological characteristics — such as fingerprints, facial/voice recognition, or iris scans — to verify the identity of users before granting access to their digital assets and acc…
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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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SHA-256 A succinct definition of SHA-256 SHA-256Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSHA-256Copy linkShare on TwitterShare on FacebookShare on LinkedinSHA-256Short for ‘Secure Hash Algorithm 256-bit’, SHA-256 is a cryptographic hash function that plays a crucial role in blockchain and the cryptocurrency space. It’s part of the SHA-2 family of algorithms, which were designed by the United States National Security Agency (NSA) and first published in 2001.Designed …
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ERC-20 A succinct definition of ERC-20 ERC-20Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-20Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-20The ERC-20 token standard is a set of rules and guidelines that defines how a token should function on the Ethereum blockchain. Introduced in 2015 by Fabian Vogelsteller, ERC-20 has become the most widely adopted token standard in the Ethereum ecosystem.ERC-20 tokens are fungible, meaning that each one is interchangea…
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Pectra A succinct definition of Pectra PectraLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPECTRACopy linkShare on TwitterShare on FacebookShare on LinkedinPectraThe Ethereum Prague/Electra upgrade, ‘Pectra’ for short, will introduce significant scalability improvements to Ethereum, merging two previously planned upgrades — Prague and Electra — and introducing a range of Ethereum Improvement Proposals (EIPs) aimed at improving the network’s efficiency, security, and …
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Trading Fees A succinct definition of Trading Fees Trading FeesLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTRADING FEESCopy linkShare on TwitterShare on FacebookShare on LinkedinTrading FeesTrading fees are costs that users pay when they engage in transactions on a blockchain network or trade cryptocurrencies on an exchange. When trading on a cryptocurrency exchange, users typically encounter two types of fees: maker fees and taker fees.Maker fees are charged to users who ad…
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Passkey A succinct definition of Passkey PasskeyLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPASSKEYCopy linkShare on TwitterShare on FacebookShare on LinkedinPasskeyA passkey refers to a password or private key used to access a cryptocurrency wallet, sign transactions, or interact with blockchain-based applications. Using cryptography, passkeys provide a safer alternative to traditional passwords by eliminating the need to memorise them, as well as adding phishing resistance…
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