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…Backward compatibility is crucial for maintaining the integrity and continuity of a blockchain network, as it allows for gradual updates and ensures that the network remains functional and secure over time.Key TakeawayBackward compatibility is the ability of a new version or update of a blockchain protocol or software to interact seamlessly with older versions of the same protocol.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source com…
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…Anyone can access the Metaverse regardless of geographical location, background, or demographic; it’s an endless space that can be built upon.Key TakeawayThe Metaverse is a simulated digital environment that combines aspects of blockchain technology, social media, online gaming, augmented reality (AR), and virtual reality (VR) to create a 3D virtual space.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building dec…
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…Some exchanges offer tiered fee structures, where high-volume traders may receive discounted taker fees.Key TakeawayA taker fee is the cost incurred by traders who execute orders that are immediately matched, removing liquidity from the order book.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA ‘HODLer’ is someone who holds onto their di…
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…As it signals a long-term bear market moving forward, a trader may choose to sell more during such an event.Key TakeawayA death cross signals a long-term bear market moving forward.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA ‘HODLer’ is someone who holds onto their digital assets long term, regardless of market volatility or price fl…
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…This helps to ensure that the network runs smoothly and all participants are contributing to its success.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA ‘HODLer’ is someone who holds onto their digital assets long term, regardless of market volatility or price fluctuations.Hierarchical Deterministic (HD) WalletA Hierarchical Deterministi…
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…Buterin had the idea for Ethereum because he wanted to leverage the power of blockchain technology beyond just payments and stores of value. Along with his contributions to the cryptocurrency space, Buterin is also a philanthropist, with major donations to funds like the Machine Intelligence Research Institute (MIRI), SENS Research Foundation, and India’s COVID-Crypto Relief Fund.Key TakeawayVitalik Buterin is the creator of Ethereum, which sits behind Bitcoin as the second-largest cryptocurr…
…In the US, these agencies are the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).Key TakeawayAnti-money laundering (AML) refers to the procedures, laws, regulations, and any other tools intended to prevent money laundering.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA ‘HODLer’ is someone wh…
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…It is essential to gain deeper knowledge of technical analysis before trading cryptocurrency.Key TakeawayA bear trap is a term that defines a group of traders or an individual who tries to manipulate a cryptocurrency’s price.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA ‘HODLer’ is someone who holds onto their digital assets long ter…
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…This is important because if anyone were to accidentally send something to a null address, they can still recover their assets.To learn more about common token standards, read What Are Token Standards? An Overview.Key TakeawayCreated by Enjin, ERC-1155 aims to be a more secure token standard compared to older ones.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solan…
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…Ideally, volume should increase on the rise between the two bottoms, and particularly on the breakout above the resistance level.The time between the two bottoms can vary, but a longer time frame often suggests a more reliable pattern.Key TakeawayA double bottom is a bullish technical indicator pattern that identifies a potential reversal in a downward trend, where it forms when an asset price reaches a low two times in a row with a moderate increase between the two lows.Related WordsSolana Prog…
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