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Hierarchical Deterministic (HD) Wallet A succinct definition of Hierarchical Deterministic (HD) Wallet Hierarchical Deterministic (HD) WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHIERARCHICAL DETERMINISTIC (HD) WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinHierarchical Deterministic (HD) WalletA Hierarchical Deterministic (HD) wallet, defined under Bitcoin Improvement Proposal 32 (BIP-32), is a type of cryptocurrency wallet that generates a tree-like…
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Advanced Encryption Standard (AES) A succinct definition of Advanced Encryption Standard (AES) Advanced Encryption Standard (AES)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYADVANCED ENCRYPTION STANDARD (AES)Copy linkShare on TwitterShare on FacebookShare on LinkedinAdvanced Encryption Standard (AES)Advanced Encryption Standard (AES), originally known as ‘Rijndael’, is a widely used encryption algorithm designed to secure sensitive data. Developed by Vincent Rijmen and Jo…
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Non-Custodial Wallet A succinct definition of Non-Custodial Wallet Non-Custodial WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYNON-CUSTODIAL WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinNon-Custodial WalletA non-custodial wallet, also known as a self-custody wallet, is a digital wallet that allows individuals to securely store and manage their digital assets without relying on a third-party custodian. It promotes financial autonomy and privacy, offeri…
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Verkle Tree A succinct definition of Verkle Tree Verkle TreeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYVERKLE TREECopy linkShare on TwitterShare on FacebookShare on LinkedinVerkle TreeA Verkle tree is a data structure that combines the benefits of Merkle trees and vector commitments to enable more efficient proof generation and verification. Merkle trees are data structures commonly used in blockchains like Bitcoin and Ethereum to organise and verify large sets of data. The…
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Passkey A succinct definition of Passkey PasskeyLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPASSKEYCopy linkShare on TwitterShare on FacebookShare on LinkedinPasskeyA passkey refers to a password or private key used to access a cryptocurrency wallet, sign transactions, or interact with blockchain-based applications. Using cryptography, passkeys provide a safer alternative to traditional passwords by eliminating the need to memorise them, as well as adding phishing resistance…
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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…
Nick Szabo A succinct definition of Nick Szabo Nick SzaboLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYNICK SZABOCopy linkShare on TwitterShare on FacebookShare on LinkedinNick SzaboNick Szabo is a cryptographer and computer scientist well known for creating Bit Gold, a predecessor to Bitcoin. Having created Bit Gold, Szabo is considered by many to be Satoshi Nakamoto, the creator of Bitcoin. However, Szabo has denied these claims several times.Szabo is also known as the inven…
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Block A succinct definition of Block BlockLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBLOCKCopy linkShare on TwitterShare on FacebookShare on LinkedinBlockA block in a blockchain is a data structure that contains a set of transactions and other important information. Blocks are linked together in a linear, chronological sequence to form the blockchain. Once a block is added to the blockchain, it is almost impossible to alter the data it contains due to the cryptographic link…
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Encryption A succinct definition of Encryption EncryptionLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYENCRYPTIONCopy linkShare on TwitterShare on FacebookShare on LinkedinEncryptionEncryption in blockchain refers to the process of converting original data (plaintext) into a secure and encoded format (ciphertext). This is done to protect sensitive data from unauthorised access or tampering. Encryption plays a crucial role in ensuring the confidentiality, integrity, and securit…
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Witness A succinct definition of Witness WitnessLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYWITNESSCopy linkShare on TwitterShare on FacebookShare on LinkedinWitnessIn cryptocurrency, a ‘witness’ attests to the authenticity of a specific transaction in the form of a signature.For a Bitcoin transaction, the witness is the content of the signature scripts, which is what proves the transaction is authenticated. Segregated Witness (SegWit) is an upgrade of the Bitcoin protoc…
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