Search our executive blockchain insights and services.
…These metrics are advisable when looking at a potential NFT purchase, as they paint a fuller picture of its current/past value and popularity.Key TakeawayThe NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.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…
Learn More
…However, similar to a public blockchain, the network operators must still validate the transactions before adding to the blockchain. Examples of the most popular private chains are Morpheus.Network (MNW), Patientory (PTOY), and Hyperledger.Key TakeawayA private chain (blockchain) is an invitation-only network governed by a central entity.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applicat…
Learn More
…Backward compatibility is crucial for maintaining the integrity and continuity of a blockchain network, as it allows for gradual updates and ensures that the network remains functional and secure over time.Key TakeawayBackward compatibility is the ability of a new version or update of a blockchain protocol or software to interact seamlessly with older versions of the same protocol.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source com…
Learn More
…This ensures that miners cannot be malicious and try to produce BTC out of nowhere instead of contributing to the network.Key TakeawayA cryptographic hash function is an equation that verifies the validity of data.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…
Learn More
…This is done to protect the lender by providing a ‘buffer’ against losses due to the declining value of the collateral.Key TakeawayA margin call occurs when the value of a trader's margin account falls below the required maintenance margin level set by the exchange or trading platform.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 ‘HO…
Learn More
…Wallet types that can have multisig versions include hot wallets, cold wallets, and hardware wallets.Key TakeawayA multi-signature (multisig) wallet is a type of digital wallet that requires multiple private keys to authorise a transaction.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 as…
Learn More
…While market corrections can be uncomfortable for traders, they are often a necessary and healthy part of the market cycles to prevent overvaluation, often setting the stage for more sustainable growth, as some traders may see market corrections as buying opportunities.Key TakeawayA market correction refers to a temporary price decline that occurs after a period of upward price movement or overvaluation, typically defined as a price drop of 10% or more from its recent peak.Related WordsSolana Pr…
Learn More
…Hardware oracles retrieve data from the physical world using sensors, IoT devices, or other hardware components, while consensus oracles aggregate data from multiple sources and provide a single, agreed-upon value to the blockchain. Blockchain oracles expand the capabilities of blockchain networks beyond simple cryptocurrency transactions, enabling a wide range of use cases, including decentralised finance (DeFi), gaming, and more.Key TakeawayAn oracle is a bridge that connects blockchain netwo…
Learn More
…The first miner to complete this process is rewarded with newly minted BTC.Key TakeawayA mining pool is a group of miners that combines its computational resources (hashing power) to increase the probability of finding a block and mining 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 t…
Learn More
…For example, a consortium blockchain may not be permissionless, as only the consortium operates on it.Key TakeawayPermissionless refers to a system — typically related to blockchains — in which no person or thing can dictate who is allowed to use it and how it is used.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 someon…
Learn More