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Token A succinct definition of Token TokenLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTOKENCopy linkShare on TwitterShare on FacebookShare on LinkedinTokenWhile cryptocurrency coins are native assets of a specific blockchain, cryptocurrency tokens are created by projects built on top of already existing blockchains. For example, Ether (ETH) is categorised as a coin because it represents the native asset on the Ethereum blockchain. However, Dai (DAI), Uniswap (UNI), and Aave …
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Block Reward A succinct definition of Block Reward Block RewardLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBLOCK REWARDCopy linkShare on TwitterShare on FacebookShare on LinkedinBlock RewardA block reward is a form of incentive provided to participants in a blockchain network, typically miners or validators, for successfully adding a new block to the blockchain through the consensus process. This reward serves as a motivation for participants to contribute their computationa…
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Miner A succinct definition of Miner MinerLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMINERCopy linkShare on TwitterShare on FacebookShare on LinkedinMinerCryptocurrency mining is the process of adding transaction records to the underlying blockchain. A miner is the computer, or ‘node’, that performs this process. Beyond creating new cryptocurrencies for profit, crypto miners also help maintain the security and integrity of a blockchain by verifying transactions and add…
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Consortium Blockchain A succinct definition of Consortium Blockchain Consortium BlockchainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCONSORTIUM BLOCKCHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinConsortium BlockchainConsortium blockchains are typically created by corporations that want to leverage the power and benefits of a blockchain but do not wish to have their information publicly available on a more open and transparent one, like Ethereum or Bitcoin,…
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Bitcoin as a Store of Value: A Comparison to Gold Explore the potential of Bitcoin as a store of value — its durability, portability, and other characteristics. Bitcoin as a Store of Value: A Comparison to GoldLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBitcoin21 Feb 2025|INTERMEDIATE|4 MIN READBitcoin as a Store of Value: A Comparison to GoldExplore the potential of Bitcoin as a store of value — its durability, portability, and other characteristics. Key Takeaways: Bi…
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Litecoin vs Bitcoin Cash: Comparing Two Bitcoin Offshoots With Divergent Goals Compare Litecoin’s faster, lower-cost transactions and Bitcoin Cash’s commitment to better scalability and peer-to-peer payments. Litecoin vs Bitcoin Cash: Comparing Two Bitcoin Offshoots With Divergent GoalsLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYAltcoinsYESTERDAY|BEGINNERS|1 MIN READLitecoin vs Bitcoin Cash: Comparing Two Bitcoin Offshoots With Divergent GoalsCompare Litecoin’s faste…
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Cryptocurrency A succinct definition of Cryptocurrency CryptocurrencyLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTOCURRENCYCopy linkShare on TwitterShare on FacebookShare on LinkedinCryptocurrencyA cryptocurrency is a digital or virtual currency in which all peer-to-peer (P2P) transactions are verified and recorded using cryptography, making it very difficult to counterfeit or hack. Cryptocurrencies are built to enable a decentralised financial (DeFi) system where anyone…
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Ethereum A succinct definition of Ethereum EthereumLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYETHEREUMCopy linkShare on TwitterShare on FacebookShare on LinkedinEthereumIntroduced in 2015 by Vitalik Buterin, Ethereum is a decentralised, open-source blockchain platform designed to enable the creation and execution of smart contracts, which are self-executing agreements with predefined conditions. In essence, Ethereum is a programmable blockchain that allows developers to bui…
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Vitalik Buterin A succinct definition of Vitalik Buterin Vitalik ButerinLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYVITALIK BUTERINCopy linkShare on TwitterShare on FacebookShare on LinkedinVitalik ButerinVitalik Buterin is a Canadian programmer who founded Ethereum, the second-largest cryptocurrency by market capitalisation. Born in Russia in 1994, Buterin eventually emigrated with his family to Canada as a child. His father was a computer scientist, and at an early age, Vi…
Oracle A succinct definition of Oracle OracleLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYORACLECopy linkShare on TwitterShare on FacebookShare on LinkedinOracleAn oracle is a bridge that connects blockchain networks with external data sources or systems. While smart contracts are powerful tools for automating processes on the blockchain, they are typically unable to access data from outside their network. This limitation is where blockchain oracles come into play.Blockchain …
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