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Vitalik Buterin A succinct definition of Vitalik Buterin Vitalik ButerinLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYVITALIK BUTERINCopy linkShare on TwitterShare on FacebookShare on LinkedinVitalik ButerinVitalik Buterin is a Canadian programmer who founded Ethereum, the second-largest cryptocurrency by market capitalisation. Born in Russia in 1994, Buterin eventually emigrated with his family to Canada as a child. His father was a computer scientist, and at an early age, Vi…
Oracle A succinct definition of Oracle OracleLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYORACLECopy linkShare on TwitterShare on FacebookShare on LinkedinOracleAn oracle is a bridge that connects blockchain networks with external data sources or systems. While smart contracts are powerful tools for automating processes on the blockchain, they are typically unable to access data from outside their network. This limitation is where blockchain oracles come into play.Blockchain …
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Volatility A succinct definition of Volatility VolatilityLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYVOLATILITYCopy linkShare on TwitterShare on FacebookShare on LinkedinVolatilityIn cryptocurrency, volatility refers to the degree of variation in the price of a particular digital asset over time. Cryptocurrency markets are notoriously volatile compared to traditional financial (TradFi) markets like stocks or bonds. Several factors contribute to this volatility.Cryptocurrency…
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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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Token A succinct definition of Token TokenLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTOKENCopy linkShare on TwitterShare on FacebookShare on LinkedinTokenWhile cryptocurrency coins are native assets of a specific blockchain, cryptocurrency tokens are created by projects built on top of already existing blockchains. For example, Ether (ETH) is categorised as a coin because it represents the native asset on the Ethereum blockchain. However, Dai (DAI), Uniswap (UNI), and Aave …
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Decentralised Finance (DeFi) A succinct definition of Decentralised Finance (DeFi) Decentralised Finance (DeFi)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDECENTRALISED FINANCE (DEFI)Copy linkShare on TwitterShare on FacebookShare on LinkedinDecentralised Finance (DeFi)Decentralised finance (DeFi) is a financial system built on a blockchain that circumvents the intermediary role played by banks, brokerages, or exchanges in traditional finance (also called TradFi). Instead, u…
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Hard Fork A succinct definition of Hard Fork Hard ForkLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHARD FORKCopy linkShare on TwitterShare on FacebookShare on LinkedinHard ForkA blockchain hard fork is a significant change or upgrade to a blockchain’s protocol that is not backward-compatible with the previous version. This means that nodes (computers in the network) running the old version of the software will no longer be able to participate in the new blockchain, leading …
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User Interface (UI) A succinct definition of User Interface (UI) User Interface (UI)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYUSER INTERFACE (UI)Copy linkShare on TwitterShare on FacebookShare on LinkedinUser Interface (UI)The term ‘user interface’ (UI) is the point of interaction between the user and the system, and it plays a crucial role in providing a user-friendly experience. In the context of cryptocurrency and blockchain technology, UI typically refers to the gr…
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Staking Crypto: How It Works Learn about how staking crypto on blockchains works, its pros and cons, and how to stake on Crypto.com. Staking Crypto: How It WorksLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain29 Dec 2022|BEGINNERS|5 MIN READStaking Crypto: How It WorksLearn about how staking crypto on blockchains works, its pros and cons, and how to stake on Crypto.com. Key Takeaways: Staking and lock-ups are a way for crypto holders to passively receive rewards from…
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Staking Crypto: How It Works Learn about how staking crypto on blockchains works, its pros and cons, and how to stake on Crypto.com. Staking Crypto: How It WorksLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain29 Dec 2022|BEGINNERS|5 MIN READStaking Crypto: How It WorksLearn about how staking crypto on blockchains works, its pros and cons, and how to stake on Crypto.com. Key Takeaways: Staking and lock-ups are a way for crypto holders to passively receive rewards from…
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