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Decryption A succinct definition of Decryption DecryptionLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDECRYPTIONCopy linkShare on TwitterShare on FacebookShare on LinkedinDecryptionDecryption refers to the process of converting encrypted data (known as ciphertext) back into its original, readable format (known as plaintext) using a decryption algorithm. Encryption and decryption are crucial for securing data and transactions in blockchain technology, and a private key is requ…
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Public Key A succinct definition of Public Key Public KeyLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPUBLIC KEYCopy linkShare on TwitterShare on FacebookShare on LinkedinPublic KeyA public key is a cryptographic key used to encrypt messages intended for a particular recipient. A more technical definition of a public key is a series of letters and numbers used to encrypt plaintext into ciphertext. Because of this, public keys can be freely shared, as opposed to private keys, …
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Proof of Elapsed Time (PoET) A succinct definition of Proof of Elapsed Time (PoET) Proof of Elapsed Time (PoET)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF ELAPSED TIME (POET)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Elapsed Time (PoET)Developed by chip manufacturing giant Intel, Proof of Elapsed Time (PoET) is best described as a time-lottery-based consensus algorithm. Usually used on permissioned blockchain networks (which require particip…
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Ledger A succinct definition of Ledger LedgerLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYLEDGERCopy linkShare on TwitterShare on FacebookShare on LinkedinLedgerLedgers in the cryptocurrency industry are commonly decentralised, as they do not involve the governance of any central authority. They work as a tool to keep track of transactions, identities, and balances within a network, known as distributed ledger technology (DLT). Distributed ledgers are organised, held, and ma…
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ERC-721 A succinct definition of ERC-721 ERC-721Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-721Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-721ERC, which stands for Ethereum Request for Comment, is a standard conveying the essential technical notes and requirements to a group of developers and users. ERC-721, initially proposed by Dieter Shirley as an Ethereum Improvement Proposal (EIP), is the standard for representing ownership of non-fungible tokens …
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Blockchain Interoperability A succinct definition of Blockchain Interoperability Blockchain InteroperabilityLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBLOCKCHAIN INTEROPERABILITYCopy linkShare on TwitterShare on FacebookShare on LinkedinBlockchain InteroperabilityBlockchain interoperability allows different blockchains to seamlessly exchange data, assets, and functionality. Its main purpose is to overcome blockchain isolation by enabling different blockchains, each with the…
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Tower Byzantine Fault Tolerance (Tower BFT) A succinct definition of Tower Byzantine Fault Tolerance (Tower BFT) Tower Byzantine Fault Tolerance (Tower BFT)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTOWER BYZANTINE FAULT TOLERANCE (TOWER BFT)Copy linkShare on TwitterShare on FacebookShare on LinkedinTower Byzantine Fault Tolerance (Tower BFT)Tower Byzantine Fault Tolerance (Tower BFT) is a consensus mechanism designed to ensure the security and reliability of distributed sy…
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Interoperability A succinct definition of Interoperability InteroperabilityLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYINTEROPERABILITYCopy linkShare on TwitterShare on FacebookShare on LinkedinInteroperabilityBlockchain interoperability allows different blockchains to seamlessly exchange data, assets, and functionality. Its main purpose is to overcome blockchain isolation by enabling different blockchains, each with their own architectures, to interact in a secure and decen…
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Cypherpunk A succinct definition of Cypherpunk CypherpunkLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCYPHERPUNKCopy linkShare on TwitterShare on FacebookShare on LinkedinCypherpunkThe term ‘cypherpunk’ refers to a movement and ideology focused on using cryptography and privacy-enhancing technologies to promote individual freedom and privacy. Cypherpunks believe in the right to personal privacy, especially in the digital age, and advocate for the use of encryption to prot…
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Fraud Proof A succinct definition of Fraud Proof Fraud ProofLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFRAUD PROOFCopy linkShare on TwitterShare on FacebookShare on LinkedinFraud ProofA fraud proof in blockchain is a cryptographic mechanism used to detect and prove malicious or incorrect activity within a blockchain or Layer-2 scaling solution. It allows for the identification of invalid transactions or blocks, ensuring that misbehaviour can be caught and corrected if verif…
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