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Validator A succinct definition of Validator ValidatorLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYVALIDATORCopy linkShare on TwitterShare on FacebookShare on LinkedinValidatorA validator is a participant in a Proof of Stake (PoS) blockchain chosen to create new blocks and validate transactions based on the amount of cryptocurrency they ‘stake’ in the network. Responsible for validating new transactions and maintaining the security of the blockchain, validators play a cru…
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Vault A succinct definition of Vault VaultLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYVAULTCopy linkShare on TwitterShare on FacebookShare on LinkedinVaultIn the world of cryptocurrency, a vault typically refers to a secure storage solution for digital assets. Vaults are designed with multiple layers of security for storing cryptocurrencies like Bitcoin, Ethereum, and others to protect against theft and hacking. This may include encryption, multi-signature authentication, ph…
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Hashing A succinct definition of Hashing HashingLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHASHINGCopy linkShare on TwitterShare on FacebookShare on LinkedinHashingA hashing algorithm on a blockchain takes an infinite number of bits, puts them through calculations, then outputs a fixed number of bits. No matter the length of the input data, the output is always rectified at a fixed length.Hashing helps to prevent major issues in the cryptocurrency industry, including double…
Ledger A succinct definition of Ledger LedgerLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYLEDGERCopy linkShare on TwitterShare on FacebookShare on LinkedinLedgerLedgers in the cryptocurrency industry are commonly decentralised, as they do not involve the governance of any central authority. They work as a tool to keep track of transactions, identities, and balances within a network, known as distributed ledger technology (DLT). Distributed ledgers are organised, held, and ma…
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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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RPC A succinct definition of RPC RPCLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYRPCCopy linkShare on TwitterShare on FacebookShare on LinkedinRPCRemote Procedure Call, also known simply as RPC, plays a crucial role in the functioning of many cryptocurrencies, including Ethereum. It refers to a communication protocol that allows a programme (like a wallet or node) to efficiently request services from another programme or server over a network, typically the internet.In a cryp…
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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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Public Key A succinct definition of Public Key Public KeyLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPUBLIC KEYCopy linkShare on TwitterShare on FacebookShare on LinkedinPublic KeyA public key is a cryptographic key used to encrypt messages intended for a particular recipient. A more technical definition of a public key is a series of letters and numbers used to encrypt plaintext into ciphertext. Because of this, public keys can be freely shared, as opposed to private keys, …
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Merkle Tree A succinct definition of Merkle Tree Merkle TreeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMERKLE TREECopy linkShare on TwitterShare on FacebookShare on LinkedinMerkle TreeIn blockchain, a Merkle tree summarises all the transactions in a block by producing a digital fingerprint of the entire set of transactions, thereby enabling users to verify whether or not a transaction was included in a block.Technically, a Merkle tree is a data structure constructed from th…
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Digital Asset A succinct definition of Digital Asset Digital AssetLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDIGITAL ASSETCopy linkShare on TwitterShare on FacebookShare on LinkedinDigital AssetA digital asset is any form of electronic data that has economic value and can be owned or controlled by an individual or organisation. These include cryptocurrencies, securities, tokens, art and collectibles, data, and intellectual property.Digital currencies like Bitcoin, Ethereum,…
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