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Multi-Signature Wallet A succinct definition of Multi-Signature Wallet Multi-Signature WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMULTI-SIGNATURE WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinMulti-Signature WalletA multi-signature (multisig) wallet is a type of digital wallet that requires multiple private keys to authorise a transaction. This adds an extra layer of security by ensuring that no single person or entity has complete control over the …
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Digital Asset A succinct definition of Digital Asset Digital AssetLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDIGITAL ASSETCopy linkShare on TwitterShare on FacebookShare on LinkedinDigital AssetA digital asset is any form of electronic data that has economic value and can be owned or controlled by an individual or organisation. These include cryptocurrencies, securities, tokens, art and collectibles, data, and intellectual property.Digital currencies like Bitcoin, Ethereum,…
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Ciphertext A succinct definition of Ciphertext CiphertextLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCIPHERTEXTCopy linkShare on TwitterShare on FacebookShare on LinkedinCiphertextCiphertext consists of a string of randomised characters that are the encrypted version of a text. It contains the same information as a message in plaintext, but is unreadable by a human or computer without a decryption algorithm. Ciphertext is commonly applied to protect the original message from…
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BRC-20 A succinct definition of BRC-20 BRC-20Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBRC-20Copy linkShare on TwitterShare on FacebookShare on LinkedinBRC-20The BRC-20 token standard is a fungible token standard for the Bitcoin blockchain, enabling developers to create and transfer fungible tokens using the Ordinals protocol. However, unlike the Ethereum token standard (ERC-20), BRC-20 tokens do not make use of smart contracts, instead utilising Ordinals inscriptions of J…
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Multi-Signature Authentication A succinct definition of Multi-Signature Authentication Multi-Signature AuthenticationLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMULTI-SIGNATURE AUTHENTICATIONCopy linkShare on TwitterShare on FacebookShare on LinkedinMulti-Signature AuthenticationMulti-signature authentication (often referred to as multisig in cryptocurrency and blockchain) is a security feature that requires multiple private keys to authorise a transaction. Instead of relyin…
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Relative Strength Index (RSI) A succinct definition of Relative Strength Index (RSI) Relative Strength Index (RSI)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYRELATIVE STRENGTH INDEX (RSI)Copy linkShare on TwitterShare on FacebookShare on LinkedinRelative Strength Index (RSI)The Relative Strength Index (RSI) is a popular momentum indicator used in technical analysis to measure the speed and change of recent price movements in a cryptocurrency. As with traditional finance (Tra…
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Slashing A succinct definition of Slashing SlashingLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSLASHINGCopy linkShare on TwitterShare on FacebookShare on LinkedinSlashing‘Slashing’ refers to a mechanism used in Proof of Stake (PoS) blockchain networks to penalise validators (or stakers) who engage in malicious or negligent behaviour. The primary goal of slashing is to maintain the integrity and security of the network by discouraging and punishing actions that could harm…
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Parachain A succinct definition of Parachain ParachainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPARACHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinParachainUsed specifically for applications, parachains are individual blockchains that utilise Substrate technology, which has Web3 functionality and a framework for making blockchains.Parachains run parallel with one another on the Polkadot or Kusama networks, as Kusama functions as a testing ground for Polkad…
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Zero-Knowledge Proof A succinct definition of Zero-Knowledge Proof Zero-Knowledge ProofLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYZERO-KNOWLEDGE PROOFCopy linkShare on TwitterShare on FacebookShare on LinkedinZero-Knowledge ProofA Zero-Knowledge (ZK) proof is a method of authentication where one user can prove the authenticity of certain information without conveying any extra information. In short, a ZK proof allows private information to be kept private during an exchange…
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