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EIP A succinct definition of EIP EIPLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYEIPCopy linkShare on TwitterShare on FacebookShare on LinkedinEIPEIPs, short for Ethereum Improvement Proposals, are essential to Ethereum because they allow community members to propose, debate, and adopt new changes to the network. Additionally, EIPs are one way the Ethereum blockchain documents changes to its network.Whenever a network update arrives on Ethereum, it consists of a set of EIPs. …
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Sorare: Own Your Game Collect, play and win officially licensed digital cards featuring the world's best global football, MLB and NBA players. Sorare: Own Your Game FootballNBAMLBSign upSign inSorareWalletWithdrawals & depositsHow do I withdraw my card from Sorare to an Ethereum Wallet?In the summer of 2021, we built an Ethereum Z-K roll-up that allowed us to remove the friction that comes with Ethereum gas-fees while maintaining the security of your cards. This w…
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Hooks A succinct definition of Hooks HooksLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHOOKSCopy linkShare on TwitterShare on FacebookShare on LinkedinHooksIn the context of blockchain, ‘hooks’ typically refer to pieces of code that allow developers to customise the behaviour of a blockchain protocol. These hooks are often used on smart contract platforms or in blockchain frameworks that support programmable functionality.Hooks enable developers to inject their custom log…
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Testnet A succinct definition of Testnet TestnetLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTESTNETCopy linkShare on TwitterShare on FacebookShare on LinkedinTestnetA testnet is a tool for developers building on a blockchain to test new features, launch a new project, or make an update without the risk of putting it onto the live blockchain (mainnet) and encountering issues. While, in theory, developers may anticipate a certain outcome with their planned updates or features …
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Sidechain A succinct definition of Sidechain SidechainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSIDECHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinSidechainSidechains, also known as secondary blockchains, are separate blockchain networks connected to the main blockchain (mainnet) via a two-way peg. This connection enables the transfer of tokens and digital assets from the mainnet to the sidechain (and vice versa) at a predetermined rate. In return, this e…
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Distributed Ledger A succinct definition of Distributed Ledger Distributed LedgerLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDISTRIBUTED LEDGERCopy linkShare on TwitterShare on FacebookShare on LinkedinDistributed LedgerIn cryptocurrency, a distributed ledger is a decentralised system that utilises blockchain technology to record and maintain a secure and transparent record of transactions in a network across multiple participants or nodes. Blockchain is an example of a dist…
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URI Schemes A succinct definition of URI Schemes URI SchemesLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYURI SCHEMESCopy linkShare on TwitterShare on FacebookShare on LinkedinURI SchemesIn cryptocurrency, Uniform Resource Identifier (URI) schemes are used to define a standard way of identifying and interacting with resources like cryptocurrency addresses, transactions, or payment requests. These schemes are similar to URI schemes used in web addresses but are specifically des…
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Public Chain A succinct definition of Public Chain Public ChainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPUBLIC CHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinPublic ChainOn a public blockchain, anyone is free to join, and there are no restrictions when it comes to participating. It is a decentralised system in which no single entity controls the network. Instead, all users within a public chain have equal rights. This includes access to read the ledger, a…
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Consensus Mechanism A succinct definition of Consensus Mechanism Consensus MechanismLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCONSENSUS MECHANISMCopy linkShare on TwitterShare on FacebookShare on LinkedinConsensus MechanismConsensus is the process by which a group of peers — or nodes — on a network determine which blockchain transactions are valid and which are not. Consensus mechanisms, on the other hand, represent the rules that govern the block verification process …
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Meme Coin A succinct definition of Meme Coin Meme CoinLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMEME COINCopy linkShare on TwitterShare on FacebookShare on LinkedinMeme CoinMeme coins are a form of cryptocurrency inspired by memes, jokes, and interesting or funny ideas in an image or video medium. The first meme coin created was Dogecoin (DOGE).Similar to other forms of cryptocurrencies and digital assets, meme coins use blockchain technology as their foundation. However, …
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