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Offshore Account A succinct definition of Offshore Account Offshore AccountLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYOFFSHORE ACCOUNTCopy linkShare on TwitterShare on FacebookShare on LinkedinOffshore AccountAn 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. These accounts are often opened in jurisdictions known for favourable tax regulations.Individuals and companies may open off…
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Confirmation Bias A succinct definition of Confirmation Bias Confirmation BiasLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCONFIRMATION BIASCopy linkShare on TwitterShare on FacebookShare on LinkedinConfirmation BiasConfirmation bias is a form of cognitive bias, where the human mind preferentially looks for self-validation by taking in information that substantiates a certain decision or thought while filtering out, disregarding, or ignoring any information contrary to that.H…
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ZK-STARK A succinct definition of ZK-STARK ZK-STARKLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYZK-STARKCopy linkShare on TwitterShare on FacebookShare on LinkedinZK-STARKA ZK-STARK, short for Zero-Knowledge Scalable Transparent Argument of Knowledge, is a cryptographic proof system used in blockchain technology 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.Par…
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Lockup A succinct definition of Lockup LockupLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYLOCKUPCopy linkShare on TwitterShare on FacebookShare on LinkedinLockupIn cryptocurrency and blockchain, ‘lockup’ refers to a period during which certain tokens or coins are restricted from being sold, transferred, or traded. This mechanism is often used to stabilise the price of a cryptocurrency, protect against market manipulation, or ensure that the team and early investors remain…
Proof of Elapsed Time (PoET) A succinct definition of Proof of Elapsed Time (PoET) Proof of Elapsed Time (PoET)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF ELAPSED TIME (POET)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Elapsed Time (PoET)Developed by chip manufacturing giant Intel, Proof of Elapsed Time (PoET) is best described as a time-lottery-based consensus algorithm. Usually used on permissioned blockchain networks (which require particip…
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Market Correction A succinct definition of Market Correction Market CorrectionLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMARKET CORRECTIONCopy linkShare on TwitterShare on FacebookShare on LinkedinMarket CorrectionA market correction in the cryptocurrency realm refers to a temporary price decline that occurs after a period of upward price movement or overvaluation. Typically, a correction is defined as a price drop of 10% or more from its recent peak, but the 10% threshold …
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Byzantine Fault Tolerance (BFT) A succinct definition of Byzantine Fault Tolerance (BFT) Byzantine Fault Tolerance (BFT)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBYZANTINE FAULT TOLERANCE (BFT)Copy linkShare on TwitterShare on FacebookShare on LinkedinByzantine Fault Tolerance (BFT)Byzantine Fault Tolerance (BFT) is the ability to tolerate failures in distributed computing systems. The term originated from the hypothetical phenomenon known as the Byzantine Generals Problem…
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Trendline A succinct definition of Trendline TrendlineLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTRENDLINECopy linkShare on TwitterShare on FacebookShare on LinkedinTrendlineA trendline is used to help analyse price movements and make more informed trading decisions in volatile markets like cryptocurrency. It is a straight line drawn on a price chart to help identify and visualise the direction of the market’s trend. Trendlines can be used to detect uptrends, downtrends, …
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Private Key A succinct definition of Private Key Private KeyLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPRIVATE KEYCopy linkShare on TwitterShare on FacebookShare on LinkedinPrivate KeyA private key is a string of randomly generated letters and numbers used alongside an algorithm to encrypt and decrypt data. It can be in the form of a 256-character-long binary code, a QR code, a 64-digit hexadecimal code, or a mnemonic phrase. Regardless of their form, private keys are an i…
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Delegated Proof of Stake (DPoS) A succinct definition of Delegated Proof of Stake (DPoS) Delegated Proof of Stake (DPoS)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDELEGATED PROOF OF STAKE (DPOS)Copy linkShare on TwitterShare on FacebookShare on LinkedinDelegated Proof of Stake (DPoS)In Delegated Proof of Stake (DPoS), users vote in delegates, also known as validators, to verify and produce blocks. After successfully producing a block, validators may then distribute their bl…
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