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Web1 A succinct definition of Web1 Web1Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYWEB1Copy linkShare on TwitterShare on FacebookShare on LinkedinWeb1Web1 generally refers to the first phase of internet evolution. It was the internet as we first came to know it, and what spawned the dot-com boom. Unlike today’s web, which is highly interactive, Web1 was fairly passive and all about reading and consuming information. This is why it is sometimes referred to as the ‘read-on…
Market Correction A succinct definition of Market Correction Market CorrectionLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMARKET CORRECTIONCopy linkShare on TwitterShare on FacebookShare on LinkedinMarket CorrectionA market correction in the cryptocurrency realm refers to a temporary price decline that occurs after a period of upward price movement or overvaluation. Typically, a correction is defined as a price drop of 10% or more from its recent peak, but the 10% threshold …
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ERC-777 A succinct definition of ERC-777 ERC-777Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-777Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-777ERC, which stands for Ethereum Request for Comment, is a standard conveying the essential technical notes and requirements to a group of developers and users. ERC-777 is focused on providing additional functionality when dealing with tokens. While the ERC-20 token standard is still used frequently, ERC-777 aims t…
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Fraud Proof A succinct definition of Fraud Proof Fraud ProofLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFRAUD PROOFCopy linkShare on TwitterShare on FacebookShare on LinkedinFraud ProofA fraud proof in blockchain is a cryptographic mechanism used to detect and prove malicious or incorrect activity within a blockchain or Layer-2 scaling solution. It allows for the identification of invalid transactions or blocks, ensuring that misbehaviour can be caught and corrected if verif…
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51% Attack A succinct definition of 51% Attack 51% AttackLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARY51% ATTACKCopy linkShare on TwitterShare on FacebookShare on Linkedin51% AttackA 51% attack on a blockchain happens when a user or group with malicious intent acquires control over the blockchain’s mining power or hashrate. In doing so, they can create invalid transactions or deny legitimate ones on the blockchain’s ledger. The impacts of this can be mild or severe, depen…
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Left-Translated Cycle A succinct definition of Left-Translated Cycle Left-Translated CycleLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYLEFT-TRANSLATED CYCLECopy linkShare on TwitterShare on FacebookShare on LinkedinLeft-Translated CycleA left-sided or left-translated cycle in the cryptocurrency market refers to a pattern observed in the price movement of a digital asset with a notable increase in value that happened earlier than expected (i.e., the peak shows up on the left o…
Biometric Authentication A succinct definition of Biometric Authentication Biometric AuthenticationLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBIOMETRIC AUTHENTICATIONCopy linkShare on TwitterShare on FacebookShare on LinkedinBiometric AuthenticationBiometric authentication refers to the use of biological characteristics — such as fingerprints, facial/voice recognition, or iris scans — to verify the identity of users before granting access to their digital assets and acc…
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Stop-Loss Order A succinct definition of Stop-Loss Order Stop-Loss OrderLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSTOP-LOSS ORDERCopy linkShare on TwitterShare on FacebookShare on LinkedinStop-Loss OrderA stop-loss order lets traders dictate a specific price to buy or sell a cryptocurrency. These types of orders are primarily used as a way to limit a trader’s potential loss on a cryptocurrency. For example, if a trader were to set a stop-loss order at 20% below the price…
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Circulating Supply A succinct definition of Circulating Supply Circulating SupplyLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCIRCULATING SUPPLYCopy linkShare on TwitterShare on FacebookShare on LinkedinCirculating SupplyThe circulating supply of a cryptocurrency currently on the market can grow or shrink in a number of ways — from mining to lockups to burns. Projects that allow mining for coins (e.g., Bitcoin) initially have few coins on the market. As time passes and mini…
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Interoperability A succinct definition of Interoperability InteroperabilityLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYINTEROPERABILITYCopy linkShare on TwitterShare on FacebookShare on LinkedinInteroperabilityBlockchain interoperability allows different blockchains to seamlessly exchange data, assets, and functionality. Its main purpose is to overcome blockchain isolation by enabling different blockchains, each with their own architectures, to interact in a secure and decen…
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