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Altcoin A succinct definition of Altcoin AltcoinLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYALTCOINCopy linkShare on TwitterShare on FacebookShare on LinkedinAltcoinA combination of ‘alternative’ and ‘coin’, the word ‘altcoin’ is used to describe any cryptocurrency that is not Bitcoin. This term formed with the idea that Bitcoin is the original cryptocurrency, and all other types of cryptocurrencies are alternative coins. The first-ever altcoin was Namecoin (NMC)…
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Stop-Limit Order A succinct definition of Stop-Limit Order Stop-Limit OrderLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSTOP-LIMIT ORDERCopy linkShare on TwitterShare on FacebookShare on LinkedinStop-Limit OrderA stop-limit order in the context of cryptocurrency trading is a two-step order that combines elements of a stop order and a limit order.This order type is used by traders who want to control the price at which their order is executed after a certain trigger point is h…
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Orphan Block A succinct definition of Orphan Block Orphan BlockLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYORPHAN BLOCKCopy linkShare on TwitterShare on FacebookShare on LinkedinOrphan BlockIn blockchain technology, an orphan block (or stale block) refers to a block that was successfully mined and broadcast to the network but ultimately rejected because another block with the same block height had been added to the blockchain prior to the network confirming the orphan block.…
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Oversold A succinct definition of Oversold OversoldLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYOVERSOLDCopy linkShare on TwitterShare on FacebookShare on LinkedinOversoldOversold describes a cryptocurrency with a price lower than its true value, usually occurring when individuals sell the cryptocurrency and the price does not experience a recovery; instead, it continues to decline for an extended period. At that point, there is no buying pressure, making a price reversal unl…
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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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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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ZK Rollup A succinct definition of ZK Rollup ZK RollupLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYZK ROLLUPCopy linkShare on TwitterShare on FacebookShare on LinkedinZK RollupA Zero-Knowledge (ZK) rollup is a Layer-2 scaling solution for blockchains, particularly designed to improve scalability and reduce transaction costs. Blockchains like Ethereum have limited transaction throughput due to their consensus mechanisms, and Layer-2 solutions aim to process transactions and st…
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ERC-884 A succinct definition of ERC-884 ERC-884Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-884Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-884Short for Ethereum Request for Comment, ERC provides application-level standards for the Ethereum blockchain. ERC-884 allows companies specifically registered in Delaware, which can conduct business in any state, to utilise blockchain technology. This enables them to create ERC-20 tokens, which can represent a nu…
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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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