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Faucet A succinct definition of Faucet FaucetLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFAUCETCopy linkShare on TwitterShare on FacebookShare on LinkedinFaucetA faucet is an effortless way for users to earn cryptocurrency that doesn’t require any technical skills or purchasing of digital assets. It incentivises users to use a particular cryptocurrency, where users perform various tasks like completing a captcha or viewing an ad, and, in turn, they receive a small amount o…
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Order Book A succinct definition of Order Book Order BookLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYORDER BOOKCopy linkShare on TwitterShare on FacebookShare on LinkedinOrder BookIn cryptocurrency trading, an order book is a real-time, continuously updated list of buy and sell orders for a particular cryptocurrency. It displays the prices and quantities of these orders, organised in a way that helps traders understand the current market demand and supply at different price …
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BRC-20 A succinct definition of BRC-20 BRC-20Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBRC-20Copy linkShare on TwitterShare on FacebookShare on LinkedinBRC-20The BRC-20 token standard is a fungible token standard for the Bitcoin blockchain, enabling developers to create and transfer fungible tokens using the Ordinals protocol. However, unlike the Ethereum token standard (ERC-20), BRC-20 tokens do not make use of smart contracts, instead utilising Ordinals inscriptions of J…
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Immutability A succinct definition of Immutability ImmutabilityLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYIMMUTABILITYCopy linkShare on TwitterShare on FacebookShare on LinkedinImmutabilityimmutability means that once data is written to the blockchain, it cannot be altered, deleted, or tampered with. This is a foundational characteristic that ensures the integrity and security of the data stored on the blockchain.The blockchain’s structure, where each block is linked to t…
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Golden Cross A succinct definition of Golden Cross Golden CrossLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYGOLDEN CROSSCopy linkShare on TwitterShare on FacebookShare on LinkedinGolden CrossA golden cross is a chart pattern often seen as a bullish indicator, as it refers to an asset’s short-term moving average (MA) price crossing its long-term moving average price. An MA is the average price of an asset over a set period of time.Traders commonly use the 50-period moving av…
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ERC-827 A succinct definition of ERC-827 ERC-827Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-827Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-827ERC stands for Ethereum Request for Comment, providing application-level standards for the Ethereum blockchain. ERC-827 builds upon the ERC-20 token standard, allowing for the execution of calls inside transfers and approvals. For example, with ERC-827, users can pass data and tokens to smart contracts in order t…
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Mint A succinct definition of Mint MintLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMINTCopy linkShare on TwitterShare on FacebookShare on LinkedinMintIn blockchain and cryptocurrency, ‘minting’ refers to the process of creating new coins or tokens. Minting is also used in creating non-fungible tokens (NFTs) or other types of tokens. When someone mints an NFT, they are essentially creating a new, unique digital asset on the blockchain.Although it is often associated wit…
NFT Sales Volume Index (7D) A succinct definition of NFT Sales Volume Index (7D) NFT Sales Volume Index (7D)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYNFT SALES VOLUME INDEX (7D)Copy linkShare on TwitterShare on FacebookShare on LinkedinNFT Sales Volume Index (7D)The NFT Sales Volume Index (7D) is calculated to select the top 25 non-fungible token (NFT) collections by multiplying the number of editions sold by the price of an item over a previous seven-day period.This metri…
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TradFi A succinct definition of TradFi TradFiLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTRADFICopy linkShare on TwitterShare on FacebookShare on LinkedinTradFiTraditional finance, commonly known as TradFi, is a conventional approach to financial activities that relies on established institutions, regulations, and intermediaries like banks, insurance companies, and stock exchanges. It encompasses various services like banking, investment management, and asset trading. Key c…
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Initial Exchange Offering (IEO) A succinct definition of Initial Exchange Offering (IEO) Initial Exchange Offering (IEO)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYINITIAL EXCHANGE OFFERING (IEO)Copy linkShare on TwitterShare on FacebookShare on LinkedinInitial Exchange Offering (IEO)Initial exchange offerings (IEOs) take place on exchanges so that projects have the opportunity to raise capital through the exchange. Similar to the initial coin offering (ICO), which uses a we…
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