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…The Merkle tree is created and maintained by an independent auditor.Key TakeawayA Merkle tree is a data structure constructed by hashing paired data and summarising all the transactions in a block by producing a digital fingerprint of the entire set of transactions.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 h…
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…Only a small number of people created content, with the majority of participants as passive consumers.Characteristics of Web1 include decentralisation; purely informational websites largely composed of web pages joined by hyperlinks; one-way communication from the network to users; static content; and pages built using Server Side Includes (SSI) or Common Gateway Interface (CGI).Examples of Web1 include Yahoo!, Craigslist, Ask Jeeves, Netscape, and WebMD.Key TakeawayWeb1 is the ‘read-only’ w…
…The key characteristic of digital assets is that they are stored and managed digitally, often using blockchain technology for security, transparency, and decentralised control.Key TakeawayA digital asset is any form of electronic data that has economic value, including cryptocurrencies, tokens, securities, art and collectibles, data, and intellectual property.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building d…
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…For example, in a two-of-three setup, if one key is lost, the other two can still authorise transactions, ensuring access to funds isn’t permanently lost.Key TakeawayMulti-signature authentication is a powerful tool for enhancing security, sharing control, and providing redundancy in cryptocurrency and blockchain applications.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps…
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…Additionally, the order book helps traders understand the liquidity at different price points, which can be crucial for predicting potential price movements.Key TakeawayAn order book is a real-time, continuously updated list of buy and sell orders for a particular cryptocurrency that displays the prices and quantities of orders.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps…
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…The public key is used to encrypt plaintext into ciphertext, and the private key is used to decrypt the ciphertext into plaintext.Key TakeawayCiphertext, or encrypted text, is a term used in cryptography to describe the encrypted form of a message.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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…Since parachains can work independently of the Polkadot network, they can set their transaction fees according to what they deem fit.Key TakeawayParachains are blockchains used on the Polkadot and Kusama networks, where they are natively integrated.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 d…
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…Validators are also expected to be online and actively participating in the network, and if a validator goes offline or fails to fulfil their duties for an extended period, they can be penalised.Aside from the financial loss, slashing can also harm a validator’s reputation, reducing their chances of being selected as a validator in the future.Key TakeawaySlashing is an essential feature of Proof of Stake (PoS) networks, helping to maintain the security, functionality, and trustworthiness of th…
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…Conversely, when the RSI falls below 30, it indicates that the cryptocurrency may be oversold, presenting a potential buying opportunity.Combining RSI analysis with fundamental research can provide a more comprehensive understanding of an individual cryptocurrency’s potential price movements, as other factors like upcoming token drops or roadmap milestones (upgrades, halvings, etc.) can also influence its price.Key TakeawayThe Relative Strength Index (RSI) is a popular momentum indicator used …
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…Another disadvantage is that CEXs typically face the most regulation and censorship from governments.Key TakeawayA centralised exchange (CEX) is a type of cryptocurrency exchange that a company centrally runs and controls.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, re…
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