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Web2 A succinct definition of Web2 Web2Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYWEB2Copy linkShare on TwitterShare on FacebookShare on LinkedinWeb2While Web1 was focused on making information accessible to the public, Web2 — the current version of the internet we know today — is about creating and contributing. It has become the basis for the commercialisation of the internet, spawning significant applications, such as e-commerce, social media, and virtual communicati…
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Verifiable Delay Functions (VDFs) A succinct definition of Verifiable Delay Functions (VDFs) Verifiable Delay Functions (VDFs)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYVERIFIABLE DELAY FUNCTIONS (VDFS)Copy linkShare on TwitterShare on FacebookShare on LinkedinVerifiable Delay Functions (VDFs)Verifiable Delay Functions (VDFs) are cryptographic constructs essential for the security and efficiency of blockchain and cryptocurrency. In simple terms, a VDF is a mathematical puzz…
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Blockchain Trilemma A succinct definition of Blockchain Trilemma Blockchain TrilemmaLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBLOCKCHAIN TRILEMMACopy linkShare on TwitterShare on FacebookShare on LinkedinBlockchain TrilemmaOriginally coined by Vitalik Buterin, the creator of Ethereum, the blockchain trilemma is an issue that currently plagues all blockchains. To be precise, it is commonly considered that most blockchains can only provide two out of three of the following b…
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Soft Fork A succinct definition of Soft Fork Soft ForkLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSOFT FORKCopy linkShare on TwitterShare on FacebookShare on LinkedinSoft ForkA soft fork is a backward-compatible upgrade to a blockchain’s protocol that is less disruptive than a hard fork since it doesn’t require a complete split of the network. It introduces new rules or conditions that are not present in the older version, but allows non-upgraded nodes (computers in the …
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Trendline A succinct definition of Trendline TrendlineLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTRENDLINECopy linkShare on TwitterShare on FacebookShare on LinkedinTrendlineA trendline is used to help analyse price movements and make more informed trading decisions in volatile markets like cryptocurrency. It is a straight line drawn on a price chart to help identify and visualise the direction of the market’s trend. Trendlines can be used to detect uptrends, downtrends, …
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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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Byzantine Fault Tolerance (BFT) A succinct definition of Byzantine Fault Tolerance (BFT) Byzantine Fault Tolerance (BFT)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBYZANTINE FAULT TOLERANCE (BFT)Copy linkShare on TwitterShare on FacebookShare on LinkedinByzantine Fault Tolerance (BFT)Byzantine Fault Tolerance (BFT) is the ability to tolerate failures in distributed computing systems. The term originated from the hypothetical phenomenon known as the Byzantine Generals Problem…
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Candlesticks A succinct definition of Candlesticks CandlesticksLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCANDLESTICKSCopy linkShare on TwitterShare on FacebookShare on LinkedinCandlesticksFirst used by Japanese rice merchants in the 18th century, candlesticks have since become a popular tool for traders to analyse price movements and market sentiment for an asset.Each candlestick represents the price activity within a certain time period and consists of two main parts: the…
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Descending Triangle A succinct definition of Descending Triangle Descending TriangleLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDESCENDING TRIANGLECopy linkShare on TwitterShare on FacebookShare on LinkedinDescending TriangleA descending triangle is a bearish chart pattern often observed in technical analysis of financial markets, including cryptocurrency markets. It’s characterised by two trendlines: a horizontal line that connects a series of similar lows, which represen…
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Crypto Debit Card A succinct definition of Crypto Debit Card Crypto Debit CardLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTO DEBIT CARDCopy linkShare on TwitterShare on FacebookShare on LinkedinCrypto Debit CardA crypto debit card is a convenient way to bridge the gap between cryptocurrency and fiat. It allows cryptocurrency holders to easily and seamlessly pay for their purchases with their holdings. Depending on how they are set up, crypto debit cards are either funded…
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