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Faucet A succinct definition of Faucet FaucetLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFAUCETCopy linkShare on TwitterShare on FacebookShare on LinkedinFaucetA faucet is an effortless way for users to earn cryptocurrency that doesn’t require any technical skills or purchasing of digital assets. It incentivises users to use a particular cryptocurrency, where users perform various tasks like completing a captcha or viewing an ad, and, in turn, they receive a small amount o…
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ERC-223 A succinct definition of ERC-223 ERC-223Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-223Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-223ERC, which stands for Ethereum Request for Comment, is a standard conveying the essential technical notes and requirements to a group of developers and users. Created by Reddit user and Ethereum developer ‘Dexaran’, the main goal of the ERC-223 token standard is to expand on the ERC-20 protocol and offer a so…
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Advanced Encryption Standard (AES) A succinct definition of Advanced Encryption Standard (AES) Advanced Encryption Standard (AES)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYADVANCED ENCRYPTION STANDARD (AES)Copy linkShare on TwitterShare on FacebookShare on LinkedinAdvanced Encryption Standard (AES)Advanced Encryption Standard (AES), originally known as ‘Rijndael’, is a widely used encryption algorithm designed to secure sensitive data. Developed by Vincent Rijmen and Jo…
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Smart Contract A succinct definition of Smart Contract Smart ContractLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSMART CONTRACTCopy linkShare on TwitterShare on FacebookShare on LinkedinSmart ContractInitially proposed by the American computer scientist Nick Szabo, smart contracts are typically employed to automate the terms of an agreement. In other words, the difference between a traditional contract and a smart contract is that a traditional contract is enforced by centra…
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Non-Custodial Wallet A succinct definition of Non-Custodial Wallet Non-Custodial WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYNON-CUSTODIAL WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinNon-Custodial WalletA non-custodial wallet, also known as a self-custody wallet, is a digital wallet that allows individuals to securely store and manage their digital assets without relying on a third-party custodian. It promotes financial autonomy and privacy, offeri…
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Descending Triangle A succinct definition of Descending Triangle Descending TriangleLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDESCENDING TRIANGLECopy linkShare on TwitterShare on FacebookShare on LinkedinDescending TriangleA descending triangle is a bearish chart pattern often observed in technical analysis of financial markets, including cryptocurrency markets. It’s characterised by two trendlines: a horizontal line that connects a series of similar lows, which represen…
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Customer Due Diligence (CDD) A succinct definition of Customer Due Diligence (CDD) Customer Due Diligence (CDD)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCUSTOMER DUE DILIGENCE (CDD)Copy linkShare on TwitterShare on FacebookShare on LinkedinCustomer Due Diligence (CDD)Customer Due Diligence (CDD) is the process of assessing and verifying the identity of customers as part of regulatory compliance and risk management in the cryptocurrency industry. This process is essential f…
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Crypto Debit Card A succinct definition of Crypto Debit Card Crypto Debit CardLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTO DEBIT CARDCopy linkShare on TwitterShare on FacebookShare on LinkedinCrypto Debit CardA crypto debit card is a convenient way to bridge the gap between cryptocurrency and fiat. It allows cryptocurrency holders to easily and seamlessly pay for their purchases with their holdings. Depending on how they are set up, crypto debit cards are either funded…
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Open-Source Blockchain A succinct definition of Open-Source Blockchain Open-Source BlockchainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYOPEN-SOURCE BLOCKCHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinOpen-Source BlockchainAn open-source blockchain refers to a blockchain network or protocol whose source code is made publicly available, allowing anyone to freely view, modify, and distribute the code. Open-source blockchain projects offer several key benefits…
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Proof of Burn (PoB) A succinct definition of Proof of Burn (PoB) Proof of Burn (PoB)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF BURN (POB)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Burn (PoB)Proof of Burn (PoB) is a consensus mechanism that uses less energy consumption than Proof of Work (PoW). The concept behind PoB requires miners to ‘burn’ a portion of their digital currencies for the chance to mine a new block.In PoB, miners send tok…
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