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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…
Learn MoreMarket 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 …
Learn MorePrivate 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…
Learn MoreTrendline 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, …
Learn MoreHalving Event A succinct definition of Halving Event Halving EventLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHALVING EVENTCopy linkShare on TwitterShare on FacebookShare on LinkedinHalving EventA halving event is aimed at reducing inflation by lowering the amount of new coins created and cutting in half mining rewards, given to cryptocurrency miners as compensation for validating blocks. Mining is used to permanently add transactions to the blockchain, and miners are incent…
Learn MoreHoneypot A succinct definition of Honeypot HoneypotLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHONEYPOTCopy linkShare on TwitterShare on FacebookShare on LinkedinHoneypotIn honeypot scams, the scammers typically contact cryptocurrency users through social media platforms like X, Discord, or Reddit, presenting themselves as inexperienced individuals seeking assistance. They claim to have received a substantial crypto payout and require help transferring or cashing it out. In …
Learn MoreMetadata A succinct definition of Metadata MetadataLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMETADATACopy linkShare on TwitterShare on FacebookShare on LinkedinMetadata‘Metadata’ refers to data that provides information about other data within a blockchain network, which includes various types of supplementary information that helps describe, manage, and track the primary data (transactions, blocks, user information, smart contracts, etc.).For transactions, metadata pr…
Learn MoreLockup 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…
Ascending Wedge A succinct definition of Ascending Wedge Ascending WedgeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYASCENDING WEDGECopy linkShare on TwitterShare on FacebookShare on LinkedinAscending WedgeAn ascending wedge is a bearish chart pattern in technical analysis characterised by two converging trendlines that slope upwards. Also known as a rising wedge, the two upward-sloping trendlines connect a series of higher highs (the upper trendline) and a series of higher l…
Learn MoreTokenomics A succinct definition of Tokenomics TokenomicsLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTOKENOMICSCopy linkShare on TwitterShare on FacebookShare on LinkedinTokenomicsThe term ‘tokenomics’ is a portmanteau of the words ‘token’ and ‘economics’. Broadly speaking, it refers to all the factors that affect the value of a cryptocurrency. This may include the maximum token supply, how new tokens are created and existing ones removed from circulation, token …
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