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ERC-1155 A succinct definition of ERC-1155 ERC-1155Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-1155Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-1155ERC, which stands for Ethereum Request for Comment, is a standard conveying the essential technical notes and requirements to a group of developers and users. The ERC-1155 token standard was created to solve the limitations of more common token standards like ERC-20 and ERC-721, aiming to build upon their be…
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Bear Trap A succinct definition of Bear Trap Bear TrapLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBEAR TRAPCopy linkShare on TwitterShare on FacebookShare on LinkedinBear TrapA bear trap is where an individual or a group of traders looks to manipulate a cryptocurrency in order to create a pattern. For instance, a group of traders may simultaneously sell a large amount of a cryptocurrency, sending fake market signals because it paints a picture on the price chart that looks l…
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Ethereum A succinct definition of Ethereum EthereumLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYETHEREUMCopy linkShare on TwitterShare on FacebookShare on LinkedinEthereumIntroduced in 2015 by Vitalik Buterin, Ethereum is a decentralised, open-source blockchain platform designed to enable the creation and execution of smart contracts, which are self-executing agreements with predefined conditions. In essence, Ethereum is a programmable blockchain that allows developers to bui…
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Vitalik Buterin A succinct definition of Vitalik Buterin Vitalik ButerinLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYVITALIK BUTERINCopy linkShare on TwitterShare on FacebookShare on LinkedinVitalik ButerinVitalik Buterin is a Canadian programmer who founded Ethereum, the second-largest cryptocurrency by market capitalisation. Born in Russia in 1994, Buterin eventually emigrated with his family to Canada as a child. His father was a computer scientist, and at an early age, Vi…
Double Bottom A succinct definition of Double Bottom Double BottomLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDOUBLE BOTTOMCopy linkShare on TwitterShare on FacebookShare on LinkedinDouble BottomA bullish technical indicator pattern, a double bottom identifies a potential reversal in a downward trend, where it forms when an asset price reaches a low two times in a row with a moderate increase between the two lows. A double top is the reversal of this pattern after an extende…
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Backward Compatibility A succinct definition of Backward Compatibility Backward CompatibilityLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBACKWARD COMPATIBILITYCopy linkShare on TwitterShare on FacebookShare on LinkedinBackward CompatibilityBackward compatibility in blockchain refers to the ability of a new version or update of a blockchain protocol or software to interact seamlessly with older versions of the same protocol. Backward compatibility allows newer software or pro…
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Optimistic Rollup A succinct definition of Optimistic Rollup Optimistic RollupLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYOPTIMISTIC ROLLUPCopy linkShare on TwitterShare on FacebookShare on LinkedinOptimistic RollupAn optimistic rollup is a Layer-2 scaling solution designed to enhance the throughput and efficiency of blockchains, particularly Ethereum. It allows transactions to be processed off the Layer-1 network, with the assumption that off-chain transactions are valid by…
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Maker Fee A succinct definition of Maker Fee Maker FeeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMAKER FEECopy linkShare on TwitterShare on FacebookShare on LinkedinMaker FeeA maker fee in cryptocurrency trading is a fee that cryptocurrency exchanges charge to users who add liquidity to the order book by placing limit or stop-limit orders that aren’t instantly matched with an existing order on the exchange. These users are referred to as ‘makers’ because their orders …
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Bear Market A succinct definition of Bear Market Bear MarketLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBEAR MARKETCopy linkShare on TwitterShare on FacebookShare on LinkedinBear MarketA bear market represents a period where the average prices of assets are on a prolonged decline. Traders use the term ‘bear market’ to define a market with a 20% decline or more; as such, prices are low and projected to continue dropping for an extended period of time.During a bear market,…
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Hardware Wallet A succinct definition of Hardware Wallet Hardware WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHARDWARE WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinHardware WalletA hardware wallet is an offline physical cryptocurrency wallet that heavily emphasises the security of private keys. Hardware-based cold storage is generally considered more secure than software-based hot wallets because it keeps the private keys of a digital wallet complet…
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