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Proof of Authority (PoA) A succinct definition of Proof of Authority (PoA) Proof of Authority (PoA)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF AUTHORITY (POA)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Authority (PoA)Consensus mechanisms are used by blockchains in order to validate cryptocurrency transactions and secure the network. Proof of Authority (PoA) is one such mechanism. Note that both the Proof of Authority and Proof of Activity con…
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Metadata A succinct definition of Metadata MetadataLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMETADATACopy linkShare on TwitterShare on FacebookShare on LinkedinMetadata‘Metadata’ refers to data that provides information about other data within a blockchain network, which includes various types of supplementary information that helps describe, manage, and track the primary data (transactions, blocks, user information, smart contracts, etc.).For transactions, metadata pr…
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Mining Pool A succinct definition of Mining Pool Mining PoolLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMINING POOLCopy linkShare on TwitterShare on FacebookShare on LinkedinMining PoolA mining pool is the consolidation of computational power amongst a group of cryptocurrency miners (nodes) who work collectively to solve mathematical problems in order to better their chances of receiving rewards.In a mining pool, groups of miners have a much higher chance of solving the math…
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Quantum Computing A succinct definition of Quantum Computing Quantum ComputingLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYQUANTUM COMPUTINGCopy linkShare on TwitterShare on FacebookShare on LinkedinQuantum ComputingQuantum computing refers to the potential impact on the security of cryptographic algorithms, underpinning various aspects of the cryptocurrency ecosystem. Traditional cryptographic methods, such as those used in public key cryptography, rely on large numbers to c…
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Hal Finney A succinct definition of Hal Finney Hal FinneyLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHAL FINNEYCopy linkShare on TwitterShare on FacebookShare on LinkedinHal FinneyAfter Bitcoin’s creator, Satoshi Nakamoto, Hal Finney was the first person to run the Bitcoin software, having received the first Bitcoin transaction ever sent, which was from Nakamoto. This transaction, which took place on 12 January 2009, involved the transfer of 10 bitcoins from Nakamoto to Fi…
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ZK-SNARK A succinct definition of ZK-SNARK ZK-SNARKLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYZK-SNARKCopy linkShare on TwitterShare on FacebookShare on LinkedinZK-SNARKA ZK-SNARK, short for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, is a cryptographic technique used to prove possession of certain information without revealing that information itself. In the context of cryptocurrencies like Ethereum, ZK-SNARKs are used for privacy and scalability purpose…
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Digital Signature A succinct definition of Digital Signature Digital SignatureLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDIGITAL SIGNATURECopy linkShare on TwitterShare on FacebookShare on LinkedinDigital SignatureA digital signature is a cryptographic technique used to validate the authenticity and integrity of digital messages or documents. It provides a way to ensure that the message or document was created by a known sender and has not been altered in transit. For this…
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Proof of Reputable Observations (PRO) A succinct definition of Proof of Reputable Observations (PRO) Proof of Reputable Observations (PRO)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF REPUTABLE OBSERVATIONS (PRO)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Reputable Observations (PRO)Proof of Reputable Observations (PRO) is a consensus mechanism introduced by the Constellation Network, a distributed ledger on a directed acyclic graph (DAG). In P…
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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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ZK Rollup A succinct definition of ZK Rollup ZK RollupLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYZK ROLLUPCopy linkShare on TwitterShare on FacebookShare on LinkedinZK RollupA Zero-Knowledge (ZK) rollup is a Layer-2 scaling solution for blockchains, particularly designed to improve scalability and reduce transaction costs. Blockchains like Ethereum have limited transaction throughput due to their consensus mechanisms, and Layer-2 solutions aim to process transactions and st…
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