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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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Consensus Mechanism A succinct definition of Consensus Mechanism Consensus MechanismLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCONSENSUS MECHANISMCopy linkShare on TwitterShare on FacebookShare on LinkedinConsensus MechanismConsensus is the process by which a group of peers — or nodes — on a network determine which blockchain transactions are valid and which are not. Consensus mechanisms, on the other hand, represent the rules that govern the block verification process …
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…Unlike other blockchain solutions, Tendermint is able to tolerate Byzantine faults and offers a more efficient consensus algorithm compared to traditional cryptocurrencies like Bitcoin and Ethereum. Its modular architecture promotes composability, allowing different components, protocols, and applications to seamlessly interact and integrate with each other, which helps encourage collaboration and innovation within the ecosystem.Key TakeawayTendermint is a blockchain protocol used to replicate …
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Composability A succinct definition of Composability ComposabilityLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCOMPOSABILITYCopy linkShare on TwitterShare on FacebookShare on LinkedinComposabilityIn decentralised finance (DeFi), ‘composability’ refers to the ability of different protocols and applications to interact and integrate with each other. It enables the building of complex and innovative solutions by leveraging the functionalities of multiple protocols and allows…
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DevP2P A succinct definition of DevP2P DevP2PLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDEVP2PCopy linkShare on TwitterShare on FacebookShare on LinkedinDevP2PDevP2P, short for Developer Peer-to-Peer, is used in cryptocurrency and blockchain technology, specifically designed to facilitate peer-to-peer (P2P) communication amongst nodes (computers) in a decentralised network.One of the primary functions of DevP2P is node discovery. Nodes use DevP2P to find and connect to othe…
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Beginner’s Guide to Zero-Knowledge Proofs Learn how ZK proofs protect privacy in blockchain. Simple terms, key types, and real-world uses explained for beginners. Beginner’s Guide to Zero-Knowledge ProofsLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain13 Jun 2025|INTERMEDIATE|5 MIN READBeginner’s Guide to Zero-Knowledge ProofsLearn how ZK proofs protect privacy in blockchain. Simple terms, key types, and real-world uses explained for beginners.Key Takeaways Zer…
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State Channels A succinct definition of State Channels State ChannelsLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSTATE CHANNELSCopy linkShare on TwitterShare on FacebookShare on LinkedinState ChannelsChannels are elementary and straightforward peer-to-peer protocols in which users can interact off the blockchain. They allow two parties to exchange transactions with each other before ultimately posting to the blockchain.When state channels are employed, channel peers conduct …
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Yield A succinct definition of Yield YieldLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYYIELDCopy linkShare on TwitterShare on FacebookShare on LinkedinYieldIn cryptocurrency, ‘yield’ refers to the return or profit generated from holding digital assets. There are several ways to earn yield in the crypto space, including lending, staking, and providing liquidity, amongst others.Some cryptocurrencies offer interest on holdings, similar to traditional savings accounts. Users …
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Private Chain A succinct definition of Private Chain Private ChainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPRIVATE CHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinPrivate ChainPrivate chains differ from public chains because they use a central entity that governs the network. Participants in this type of blockchain technology normally require permission from the administrator to read, write, or audit the blockchain. Hence, private chains are known as ‘ma…
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Mainnet A succinct definition of Mainnet MainnetLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMAINNETCopy linkShare on TwitterShare on FacebookShare on LinkedinMainnetA mainnet is a term describing an independent blockchain network, with different tokens, coins, and applications running on it. This is in contrast to a testnet, which is essentially a testing ground used to troubleshoot before projects or cryptocurrencies launch on the mainnet. In short, a testnet is the trouble…
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