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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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Open-Source A succinct definition of Open-Source Open-SourceLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYOPEN-SOURCECopy linkShare on TwitterShare on FacebookShare on LinkedinOpen-SourceOpen-source software refers to a specific approach to developing computer software. This approach permits a user to inspect, duplicate, and modify the software without restrictions. It is also commonly applied in the cryptocurrency industry, as it promotes and embraces an open exchange of info…
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NFT Sales Volume Index (7D) A succinct definition of NFT Sales Volume Index (7D) NFT Sales Volume Index (7D)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYNFT SALES VOLUME INDEX (7D)Copy linkShare on TwitterShare on FacebookShare on LinkedinNFT Sales Volume Index (7D)The NFT Sales Volume Index (7D) is calculated to select the top 25 non-fungible token (NFT) collections by multiplying the number of editions sold by the price of an item over a previous seven-day period.This metri…
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TradFi A succinct definition of TradFi TradFiLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTRADFICopy linkShare on TwitterShare on FacebookShare on LinkedinTradFiTraditional finance, commonly known as TradFi, is a conventional approach to financial activities that relies on established institutions, regulations, and intermediaries like banks, insurance companies, and stock exchanges. It encompasses various services like banking, investment management, and asset trading. Key c…
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Retail Investors A succinct definition of Retail Investors Retail InvestorsLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYRETAIL INVESTORSCopy linkShare on TwitterShare on FacebookShare on LinkedinRetail InvestorsUnlike institutional investors who manage large sums of money for clients or organisations, retail investors are individual, non-professional investors who buy and sell digital assets, such as Bitcoin, Ethereum, and other cryptocurrencies, typically using their own per…
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Proof of Importance (PoI) A succinct definition of Proof of Importance (PoI) Proof of Importance (PoI)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF IMPORTANCE (POI)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Importance (PoI)Introduced by NEM (XEM) in 2015, the Proof of Importance (PoI) consensus mechanism aims to solve two predominant drawbacks of the Proof of Stake (PoS) system: The more a user stakes, the higher their chances of adding a bloc…
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Death Cross A succinct definition of Death Cross Death CrossLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDEATH CROSSCopy linkShare on TwitterShare on FacebookShare on LinkedinDeath CrossA death cross is a chart pattern reflecting an asset’s price weakness in reference to the drop of its short-term moving average (MA) price below its long-term moving average price. An MA is the average price of an asset over a set period of time.Traders commonly use the 50-period moving aver…
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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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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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DEX Aggregator A succinct definition of DEX Aggregator DEX AggregatorLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDEX AGGREGATORCopy linkShare on TwitterShare on FacebookShare on LinkedinDEX AggregatorIn blockchain, a decentralised exchange (DEX) aggregator refers to a platform or service that simultaneously sources from multiple DEXs in order to achieve the best possible trading prices and liquidity for a trader’s transactions. DEX aggregators play a crucial role in enhanc…
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