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Multi-Signature Authentication

★★★★

…For example, in a two-of-three setup, if one key is lost, the other two can still authorise transactions, ensuring access to funds isn’t permanently lost.Key TakeawayMulti-signature authentication is a powerful tool for enhancing security, sharing control, and providing redundancy in cryptocurrency and blockchain applications.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps…

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Relative Strength Index (RSI)

★★★★

…Conversely, when the RSI falls below 30, it indicates that the cryptocurrency may be oversold, presenting a potential buying opportunity.Combining RSI analysis with fundamental research can provide a more comprehensive understanding of an individual cryptocurrency’s potential price movements, as other factors like upcoming token drops or roadmap milestones (upgrades, halvings, etc.) can also influence its price.Key TakeawayThe Relative Strength Index (RSI) is a popular momentum indicator used …

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Slashing

★★★★

…Validators are also expected to be online and actively participating in the network, and if a validator goes offline or fails to fulfil their duties for an extended period, they can be penalised.Aside from the financial loss, slashing can also harm a validator’s reputation, reducing their chances of being selected as a validator in the future.Key TakeawaySlashing is an essential feature of Proof of Stake (PoS) networks, helping to maintain the security, functionality, and trustworthiness of th…

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Zero-Knowledge Proof

★★★★

…The ZK proof can also be used for privacy-focused cryptocurrencies like Zcash, which uses a variation of ZK proof known as the Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (ZK-SNARK).Key TakeawayA Zero-Knowledge (ZK) proof is a system that allows a party to prove their possession of certain information without revealing the information itself.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building d…

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Parachain

★★★★

…Since parachains can work independently of the Polkadot network, they can set their transaction fees according to what they deem fit.Key TakeawayParachains are blockchains used on the Polkadot and Kusama networks, where they are natively integrated.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA ‘HODLer’ is someone who holds onto their d…

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cold wallet

Cold Wallet

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…In most cases, these audio files are deciphered using high-resolution spectroscopy (HRS).Learn more about crypto wallets.Key TakeawayA cold wallet is an offline wallet used to store cryptocurrencies.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA ‘HODLer’ is someone who holds onto their digital assets long term, regardless of market vola…

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ZK-STARK

★★★★

…They have various applications in the cryptocurrency space, including privacy-preserving transactions, verifiable computation, and secure data sharing.Key TakeawayA ZK-STARK is a cryptographic proof system used in blockchain and cryptocurrencies designed to provide a way for users to prove the validity of certain information or computations without revealing any of the underlying data.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source…

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Offshore Account

★★★★

…As a result, many countries have implemented regulations and reporting requirements to monitor and track offshore accounts in order to prevent illegal activities and ensure compliance with tax laws.Key TakeawayAn offshore account is a bank account held in a country other than the one in which the account holder resides or where the funds are generated.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentral…

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fiat money

Fiat

★★★★

…For example, a dollar can be divided into four quarters, and the total value of four quarters equals a dollar. For an in-depth discussion on fiat money, read our University article What Is Money?Additionally, read our two-part series on the history of money here and here.Key TakeawayFiat money is a form of currency backed solely by the government or central bank that issued it.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source compon…

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private key

Private Key

★★★★

…One of the most common use cases in the crypto space is to encrypt crypto wallets.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA ‘HODLer’ is someone who holds onto their digital assets long term, regardless of market volatility or price fluctuations.Hierarchical Deterministic (HD) WalletA Hierarchical Deterministic (HD) wallet is a type…

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