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Order Book A succinct definition of Order Book Order BookLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYORDER BOOKCopy linkShare on TwitterShare on FacebookShare on LinkedinOrder BookIn cryptocurrency trading, an order book is a real-time, continuously updated list of buy and sell orders for a particular cryptocurrency. It displays the prices and quantities of these orders, organised in a way that helps traders understand the current market demand and supply at different price …
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Multi-Signature Authentication A succinct definition of Multi-Signature Authentication Multi-Signature AuthenticationLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMULTI-SIGNATURE AUTHENTICATIONCopy linkShare on TwitterShare on FacebookShare on LinkedinMulti-Signature AuthenticationMulti-signature authentication (often referred to as multisig in cryptocurrency and blockchain) is a security feature that requires multiple private keys to authorise a transaction. Instead of relyin…
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Zero-Knowledge Proof A succinct definition of Zero-Knowledge Proof Zero-Knowledge ProofLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYZERO-KNOWLEDGE PROOFCopy linkShare on TwitterShare on FacebookShare on LinkedinZero-Knowledge ProofA Zero-Knowledge (ZK) proof is a method of authentication where one user can prove the authenticity of certain information without conveying any extra information. In short, a ZK proof allows private information to be kept private during an exchange…
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BRC-20 A succinct definition of BRC-20 BRC-20Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBRC-20Copy linkShare on TwitterShare on FacebookShare on LinkedinBRC-20The BRC-20 token standard is a fungible token standard for the Bitcoin blockchain, enabling developers to create and transfer fungible tokens using the Ordinals protocol. However, unlike the Ethereum token standard (ERC-20), BRC-20 tokens do not make use of smart contracts, instead utilising Ordinals inscriptions of J…
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Centralised Exchange (CEX) A succinct definition of Centralised Exchange (CEX) Centralised Exchange (CEX)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCENTRALISED EXCHANGE (CEX)Copy linkShare on TwitterShare on FacebookShare on LinkedinCentralised Exchange (CEX)A centralised exchange (CEX) is an organisation that facilitates the exchange of cryptocurrency assets. It is owned and run by a central authority figure or company in a centralised manner.Centralised exchanges typicall…
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DevP2P A succinct definition of DevP2P DevP2PLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDEVP2PCopy linkShare on TwitterShare on FacebookShare on LinkedinDevP2PDevP2P, short for Developer Peer-to-Peer, is used in cryptocurrency and blockchain technology, specifically designed to facilitate peer-to-peer (P2P) communication amongst nodes (computers) in a decentralised network.One of the primary functions of DevP2P is node discovery. Nodes use DevP2P to find and connect to othe…
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Relative Strength Index (RSI) A succinct definition of Relative Strength Index (RSI) Relative Strength Index (RSI)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYRELATIVE STRENGTH INDEX (RSI)Copy linkShare on TwitterShare on FacebookShare on LinkedinRelative Strength Index (RSI)The Relative Strength Index (RSI) is a popular momentum indicator used in technical analysis to measure the speed and change of recent price movements in a cryptocurrency. As with traditional finance (Tra…
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Slashing A succinct definition of Slashing SlashingLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSLASHINGCopy linkShare on TwitterShare on FacebookShare on LinkedinSlashing‘Slashing’ refers to a mechanism used in Proof of Stake (PoS) blockchain networks to penalise validators (or stakers) who engage in malicious or negligent behaviour. The primary goal of slashing is to maintain the integrity and security of the network by discouraging and punishing actions that could harm…
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Parachain A succinct definition of Parachain ParachainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPARACHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinParachainUsed specifically for applications, parachains are individual blockchains that utilise Substrate technology, which has Web3 functionality and a framework for making blockchains.Parachains run parallel with one another on the Polkadot or Kusama networks, as Kusama functions as a testing ground for Polkad…
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Verifiable Delay Functions (VDFs) A succinct definition of Verifiable Delay Functions (VDFs) Verifiable Delay Functions (VDFs)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYVERIFIABLE DELAY FUNCTIONS (VDFS)Copy linkShare on TwitterShare on FacebookShare on LinkedinVerifiable Delay Functions (VDFs)Verifiable Delay Functions (VDFs) are cryptographic constructs essential for the security and efficiency of blockchain and cryptocurrency. In simple terms, a VDF is a mathematical puzz…
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