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Decentralised Autonomous Organisation (DAO) A succinct definition of Decentralised Autonomous Organisation (DAO) Decentralised Autonomous Organisation (DAO)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDECENTRALISED AUTONOMOUS ORGANISATION (DAO)Copy linkShare on TwitterShare on FacebookShare on LinkedinDecentralised Autonomous Organisation (DAO)A decentralised autonomous organisation (DAO) is a community-led entity without any central leadership, such as a CEO or chairman. It …
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ERC A succinct definition of ERC ERCLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERCCopy linkShare on TwitterShare on FacebookShare on LinkedinERCERC, short for Ethereum Request for Comment, comes in many forms, including registries, package formats, libraries, and token standards. Since Ethereum is an open-source protocol, anyone with knowledge of Solidity can submit their own ERC. However, not every new ERC version gets approved, as it is the original creator’s responsibi…
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Oversold A succinct definition of Oversold OversoldLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYOVERSOLDCopy linkShare on TwitterShare on FacebookShare on LinkedinOversoldOversold describes a cryptocurrency with a price lower than its true value, usually occurring when individuals sell the cryptocurrency and the price does not experience a recovery; instead, it continues to decline for an extended period. At that point, there is no buying pressure, making a price reversal unl…
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BTFD A succinct definition of BTFD BTFDLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBTFDCopy linkShare on TwitterShare on FacebookShare on LinkedinBTFDBTFD, short for ‘Buy the f—— dip’, is a term used in the cryptocurrency space by users who are extremely bullish on a project. Appearing on social media platforms like X and Discord, users tend to post it to imply that when an asset takes a downward price action, it is an excellent time to buy. BTFD is used frequently w…
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Cryptocurrency Wallet A succinct definition of Cryptocurrency Wallet Cryptocurrency WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTOCURRENCY WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinCryptocurrency WalletCryptocurrency wallets are a method to store digital assets, as well as execute transactions through the blockchain. Depending on the provider, some wallets have additional features, such as allowing users to purchase and sell their assets or i…
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Bitcoin Pizza A succinct definition of Bitcoin Pizza Bitcoin PizzaLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBITCOIN PIZZACopy linkShare on TwitterShare on FacebookShare on LinkedinBitcoin PizzaBitcoin Pizza refers to the well-known Bitcoin transaction on 22 May 2010 involving the purchase of two pizzas for 10,000 BTC. Specifically, Laszlo Hanyecz, an early Bitcoin adopter, purchased two Papa John’s pizzas for 10,000 BTC from a fellow Bitcoin forum member. This purchase e…
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Know Your Customer (KYC) A succinct definition of Know Your Customer (KYC) Know Your Customer (KYC)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYKNOW YOUR CUSTOMER (KYC)Copy linkShare on TwitterShare on FacebookShare on LinkedinKnow Your Customer (KYC)KYC is an essential and standard process that financial institutions implement and is commonplace amongst major centralised cryptocurrency exchanges. It typically means asking for a customer’s identity document(s) when they sig…
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Transaction Volume A succinct definition of Transaction Volume Transaction VolumeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTRANSACTION VOLUMECopy linkShare on TwitterShare on FacebookShare on LinkedinTransaction VolumeTransaction volume represents the total number of transactions of a cryptocurrency traded within a specified time period. High transaction volume often indicates higher liquidity in the market. A more liquid market is generally considered favourable for tradi…
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Paper Hands A succinct definition of Paper Hands Paper HandsLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPAPER HANDSCopy linkShare on TwitterShare on FacebookShare on LinkedinPaper Hands‘Paper hands’ is a term often used in the context of trading in cryptocurrency. It refers to someone who is hesitant to hold on to their digital assets and quick to sell at the first sign of a price drop or market uncertainty. By contrast, someone with ‘diamond hands’ is known to hold…
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Merkle Tree A succinct definition of Merkle Tree Merkle TreeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMERKLE TREECopy linkShare on TwitterShare on FacebookShare on LinkedinMerkle TreeIn blockchain, a Merkle tree summarises all the transactions in a block by producing a digital fingerprint of the entire set of transactions, thereby enabling users to verify whether or not a transaction was included in a block.Technically, a Merkle tree is a data structure constructed from th…
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