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Crypto Debit Card A succinct definition of Crypto Debit Card Crypto Debit CardLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTO DEBIT CARDCopy linkShare on TwitterShare on FacebookShare on LinkedinCrypto Debit CardA crypto debit card is a convenient way to bridge the gap between cryptocurrency and fiat. It allows cryptocurrency holders to easily and seamlessly pay for their purchases with their holdings. Depending on how they are set up, crypto debit cards are either funded…
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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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Private Chain A succinct definition of Private Chain Private ChainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPRIVATE CHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinPrivate ChainPrivate chains differ from public chains because they use a central entity that governs the network. Participants in this type of blockchain technology normally require permission from the administrator to read, write, or audit the blockchain. Hence, private chains are known as ‘ma…
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Coin A succinct definition of Coin CoinLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCOINCopy linkShare on TwitterShare on FacebookShare on LinkedinCoinA coin is a digital asset that runs on a native blockchain, acts as money, and can be created through mining. Unlike tokens, coins are not designed with utility functions, such as voting rights. Instead, they serve as digital currencies used as a medium of exchange within a digital economic ecosystem. A coin is defined by thre…
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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…
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Liquidity Pool A succinct definition of Liquidity Pool Liquidity PoolLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYLIQUIDITY POOLCopy linkShare on TwitterShare on FacebookShare on LinkedinLiquidity PoolA liquidity pool is essentially a reserve consisting of cryptocurrencies that are locked in a smart contract together. They are primarily used to facilitate decentralised finance (DeFi)-related activities, such as lending, trading, and swapping, on a decentralised exchange (DEX)…
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BEP-20 A succinct definition of BEP-20 BEP-20Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBEP-20Copy linkShare on TwitterShare on FacebookShare on LinkedinBEP-20BEP-20 is a token standard for the BNB Smart Chain. Similar to how ERC-20 acts as a fungible token standard for Ethereum, the same applies for BEP-20 on the BNB Smart Chain.BEP-20 originally comes from the ERC-20 standard and is fully compatible with it. Using similar code functions with slight modifications across th…
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Artificial Intelligence (AI) A succinct definition of Artificial Intelligence (AI) Artificial Intelligence (AI)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYARTIFICIAL INTELLIGENCE (AI)Copy linkShare on TwitterShare on FacebookShare on LinkedinArtificial Intelligence (AI)Artificial intelligence (AI) is a branch of computer science that enables machines to perform tasks that typically require human intelligence, such as understanding natural language, recognising patterns, solv…
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Web3 A succinct definition of Web3 Web3Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYWEB3Copy linkShare on TwitterShare on FacebookShare on LinkedinWeb3Web3 is the third version of the internet. It is focused on reading, writing, and owning. Although this iteration of the internet is still a work in progress and consistently evolving, it mainly focuses on leveraging blockchain-based technologies, machine learning (ML), smart contracts, and artificial intelligence (AI). On the…
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Layer-0 A succinct definition of Layer-0 Layer-0Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYLAYER-0Copy linkShare on TwitterShare on FacebookShare on LinkedinLayer-0For blockchain, Layer-0 is a root layer that allows for cross-chain interoperability between Layer-1 protocols. In other words, it is a connector of blockchains.When it comes to blockchains, one of the major issues they face is scalability. The benefit of Layer-0 is that it has several use cases in scalability an…
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