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EIP A succinct definition of EIP EIPLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYEIPCopy linkShare on TwitterShare on FacebookShare on LinkedinEIPEIPs, short for Ethereum Improvement Proposals, are essential to Ethereum because they allow community members to propose, debate, and adopt new changes to the network. Additionally, EIPs are one way the Ethereum blockchain documents changes to its network.Whenever a network update arrives on Ethereum, it consists of a set of EIPs. …
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The DAO Hack A succinct definition of The DAO Hack The DAO HackLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTHE DAO HACKCopy linkShare on TwitterShare on FacebookShare on LinkedinThe DAO HackIn early 2016, while looking for a method to raise funds for a project, Christoph Jentzsch referenced the concept of crowdfunding and applied it to the blockchain. Hence, the idea of a decentralised autonomous organisation (DAO) was born.The DAO, the first decentralised autonomous organis…
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Initial Coin Offering (ICO) A succinct definition of Initial Coin Offering (ICO) Initial Coin Offering (ICO)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYINITIAL COIN OFFERING (ICO)Copy linkShare on TwitterShare on FacebookShare on LinkedinInitial Coin Offering (ICO)An initial coin offering (ICO) is a method for companies to raise funds by launching a new cryptocurrency. This type of funding does not require the sale of securities or the involvement of venture capitalists, hen…
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Practical Byzantine Fault Tolerance (PBFT) A succinct definition of Practical Byzantine Fault Tolerance (PBFT) Practical Byzantine Fault Tolerance (PBFT)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPRACTICAL BYZANTINE FAULT TOLERANCE (PBFT)Copy linkShare on TwitterShare on FacebookShare on LinkedinPractical Byzantine Fault Tolerance (PBFT)Practical Byzantine Fault Tolerance (PBFT) is a consensus algorithm designed to work efficiently in an asynchronous system (no assumptions …
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Liquidity Pool A succinct definition of Liquidity Pool Liquidity PoolLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYLIQUIDITY POOLCopy linkShare on TwitterShare on FacebookShare on LinkedinLiquidity PoolA liquidity pool is essentially a reserve consisting of cryptocurrencies that are locked in a smart contract together. They are primarily used to facilitate decentralised finance (DeFi)-related activities, such as lending, trading, and swapping, on a decentralised exchange (DEX)…
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Testnet A succinct definition of Testnet TestnetLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTESTNETCopy linkShare on TwitterShare on FacebookShare on LinkedinTestnetA testnet is a tool for developers building on a blockchain to test new features, launch a new project, or make an update without the risk of putting it onto the live blockchain (mainnet) and encountering issues. While, in theory, developers may anticipate a certain outcome with their planned updates or features …
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Airdrop A succinct definition of Airdrop AirdropLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYAIRDROPCopy linkShare on TwitterShare on FacebookShare on LinkedinAirdropAirdrops are often used as a marketing strategy to promote a new cryptocurrency or increase the adoption and usage of a particular blockchain. They can be used to reward existing holders of a particular cryptocurrency or to attract new users to a project. Airdrops may be conducted by the developers of a cryptocur…
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Block Reward A succinct definition of Block Reward Block RewardLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBLOCK REWARDCopy linkShare on TwitterShare on FacebookShare on LinkedinBlock RewardA block reward is a form of incentive provided to participants in a blockchain network, typically miners or validators, for successfully adding a new block to the blockchain through the consensus process. This reward serves as a motivation for participants to contribute their computationa…
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Hedging A succinct definition of Hedging HedgingLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHEDGINGCopy linkShare on TwitterShare on FacebookShare on LinkedinHedgingHedging aims to reduce the risk of adverse price movement in an existing position, either by taking a position opposite of one’s existing position or diversifying into other assets. In other words, hedging reduces variance by dampening the effects of the markets.For example, if a trader uses 100% of their capit…
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Fibonacci Retracement A succinct definition of Fibonacci Retracement Fibonacci RetracementLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFIBONACCI RETRACEMENTCopy linkShare on TwitterShare on FacebookShare on LinkedinFibonacci RetracementFibonacci retracement is a popular technical analysis tool used in cryptocurrency trading and other financial markets to identify potential levels of support and resistance likely to occur. It can help traders identify potential reversal points…
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