Search our executive blockchain insights and services.
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…
Learn More
Unit of Account A succinct definition of Unit of Account Unit of AccountLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYUNIT OF ACCOUNTCopy linkShare on TwitterShare on FacebookShare on LinkedinUnit of AccountIn traditional financial (TradFi) systems, national currencies like the US dollar or euro serve as units of account. In the context of cryptocurrencies, a unit of account refers to the function of a digital currency to serve as a standardised measure of value for goods, ser…
Learn More
Scalability Trilemma A succinct definition of Scalability Trilemma Scalability TrilemmaLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSCALABILITY TRILEMMACopy linkShare on TwitterShare on FacebookShare on LinkedinScalability TrilemmaThe blockchain scalability trilemma, also known as blockchain trilemma, is one of the greatest hurdles for cryptocurrency. It states that blockchains can only simultaneously achieve two out of either decentralisation, scalability, or security — bu…
Learn More
Directed Acyclic Graph (DAG) A succinct definition of Directed Acyclic Graph (DAG) Directed Acyclic Graph (DAG)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDIRECTED ACYCLIC GRAPH (DAG)Copy linkShare on TwitterShare on FacebookShare on LinkedinDirected Acyclic Graph (DAG)A directed acyclic graph (DAG) is a type of data structure aiming to improve upon shortcomings of a conventional blockchain, particularly scalability. A DAG has no blocks, though transactions come through via …
Learn More
Permissionless A succinct definition of Permissionless PermissionlessLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPERMISSIONLESSCopy linkShare on TwitterShare on FacebookShare on LinkedinPermissionlessA permissionless system is one that has no apparent ‘gatekeepers’, meaning there isn’t something or someone able to stop any particular person or thing from using it or limiting access to it. For example, Bitcoin is permissionless because anyone can use its features.In the…
Learn More
Digital Asset A succinct definition of Digital Asset Digital AssetLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDIGITAL ASSETCopy linkShare on TwitterShare on FacebookShare on LinkedinDigital AssetA digital asset is any form of electronic data that has economic value and can be owned or controlled by an individual or organisation. These include cryptocurrencies, securities, tokens, art and collectibles, data, and intellectual property.Digital currencies like Bitcoin, Ethereum,…
Learn More
DevP2P A succinct definition of DevP2P DevP2PLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDEVP2PCopy linkShare on TwitterShare on FacebookShare on LinkedinDevP2PDevP2P, short for Developer Peer-to-Peer, is used in cryptocurrency and blockchain technology, specifically designed to facilitate peer-to-peer (P2P) communication amongst nodes (computers) in a decentralised network.One of the primary functions of DevP2P is node discovery. Nodes use DevP2P to find and connect to othe…
Learn More
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…
Learn More
Verifiable Delay Functions (VDFs) A succinct definition of Verifiable Delay Functions (VDFs) Verifiable Delay Functions (VDFs)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYVERIFIABLE DELAY FUNCTIONS (VDFS)Copy linkShare on TwitterShare on FacebookShare on LinkedinVerifiable Delay Functions (VDFs)Verifiable Delay Functions (VDFs) are cryptographic constructs essential for the security and efficiency of blockchain and cryptocurrency. In simple terms, a VDF is a mathematical puzz…
Learn More
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…
Learn More