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…Since BRC-20 tokens exist on the Bitcoin blockchain, they inherit the high level of security provided by the Bitcoin protocol, which uses the Proof of Work (PoW) consensus mechanism and has a large number of miners helping to secure the network.Key TakeawayBRC-20 is a fungible token standard for the Bitcoin blockchain, enabling developers to create and transfer fungible tokens using the Ordinals protocol.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready…
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…This helps prevent unauthorised access and tampering with network data.Key TakeawayDevP2P plays a vital role in enabling the peer-to-peer (P2P) architecture of blockchain networks, promoting decentralisation and efficient communication amongst network participants.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 ho…
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…This system can prove the authenticity of a message, ensure the message is not tampered with, and maintain confidentiality.Key TakeawayA public key is a series of letters and numbers used to encrypt plaintext into ciphertext; one of the most well-known uses is as a crypto wallet address.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 ‘HODL…
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…A stop-loss is usually placed above the last high of the wedge to protect against false breakouts, and the profit target is often set at a level equal to the height of the wedge (the distance between the upper and lower trendlines at the beginning of the pattern).Key TakeawayAn ascending wedge is a bearish chart pattern characterised by two converging trendlines that slope upwards.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source com…
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…As a result, many countries have implemented regulations and reporting requirements to monitor and track offshore accounts in order to prevent illegal activities and ensure compliance with tax laws.Key TakeawayAn offshore account is a bank account held in a country other than the one in which the account holder resides or where the funds are generated.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentral…
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…This includes using authentication mechanisms, encryption, and other security practices.Key TakeawayRPC, short for Remote Procedure Call, is a mechanism that enables different components of a cryptocurrency network to communicate and interact effectively, facilitating transactions, data retrieval, and network operations.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…
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…A well-known example of a soft fork in cryptocurrency history is Segregated Witness (SegWit), introduced to the Bitcoin blockchain in August 2017.SegWit changed how transaction data is stored, allowing upgraded nodes to process transactions more efficiently, and non-upgraded nodes to continue validating transactions under the old rules.Key TakeawayA soft fork is a backward-compatible upgrade that introduces new rules to a blockchain's protocol, allowing both old and new versions of the software …
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…When the price breaks above or below a trendline, it may indicate a reversal or continuation of the trend, prompting action from traders.Key TakeawayA trendline in cryptocurrency trading is a straight line drawn on a price chart to help identify and visualise the direction of the market’s trend, usually to detect uptrends, downtrends, and sideway trends.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decen…
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…One of the most common use cases in the crypto space is to encrypt crypto wallets.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 Deterministic (HD) wallet is a type…
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…The fifth halving is estimated to occur in 2028, with the reward halved to 1.5625 bitcoins per block.Key TakeawayA halving event is aimed at reducing inflation by lowering the amount of new coins created and cutting mining rewards in half.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 ass…
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