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…Asset Tokenisation: What It Is and How It WorksLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain18 Jul 2023|BEGINNERS|5 MIN READAsset Tokenisation: What It Is and How It WorksDiscover the ins and outs of asset tokenisation, plus learn about the benefits of blockchain technology as the future for the digitisation of assets. Key Takeaways: Asset tokenisation is the process of representing ownership rights of physical or digital assets into digital tokens on a blockchain…
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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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…However, these shortcomings have led to the development of other token standards to cater to specific use cases, including ERC-721, representing ownership of non-fungible tokens, as well as ERC-1155 (for both fungible and non-fungible tokens).Key TakeawayThe ERC-20 token standard defines how a token should function on the Ethereum blockchain. It has become the most widely adopted token standard in the Ethereum ecosystem.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a col…
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…Read on to find out how this new protocol is making it possible to mint non-fungible tokens (NFTs) directly onto the Bitcoin blockchain. Key Takeaways: Bitcoin NFTs have seen a considerable surge in popularity and traction since the launch of the Ordinals protocol in January 2023.The Ordinals protocol has made it possible to mint NFTs directly onto the Bitcoin blockchain.The goal of Ordinals to give each satoshi individual identities, allowing them to be tracked, transferred, and imbued with ind…
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…In some circles, it is also a metric that measures how successful an investment is in outperforming the market.Full definitionAltcoinAny cryptocurrency other than Bitcoin is referred to as an altcoin.Full definitionAnti-Money Laundering (AML)Anti-money laundering (AML) refers to the procedures, laws, regulations, and any other tools intended to prevent money laundering.Full definitionAnti-Phishing CodeAn Anti-Phishing Code is a security feature to help protect from phishing attacks, where users …
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…Learn all its fundamentals here.Key Takeaways Known for its scalability, speed, and low transaction costs, Solana (SOL) is a high-performance blockchain platform aiming to address the limitations of existing blockchains with a unique consensus mechanism called Proof of History (PoH). It supports decentralised applications (dapps) across decentralised finance (DeFi), non-fungible tokens (NFTs), gaming, and meme coins. The Solana Program Library (SPL) provides developers with modular, parallelised…
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Bitcoin Runes: What Are They And Why Are People Talking About Them? With Runes, Casey Rodarmor is aiming to “make Bitcoin fun again.” Here’s how they work. Bitcoin Runes: What Are They And Why Are People Talking About Them?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBitcoin14 Jan 2025|INTERMEDIATE|6 MIN READBitcoin Runes: What Are They And Why Are People Talking About Them?With Runes, Casey Rodarmor is aiming to “make Bitcoin fun again.” Here’s how they work. K…
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…An example of a distributed ledger is a blockchain. Today, there are five predominant types of crypto assets: cryptocurrencies, utility tokens, security tokens, stablecoins, and non-fungible tokens (NFTs).CryptocurrenciesCryptocurrencies are the most popular crypto asset, as they are essentially digital currencies used as a medium of exchange or store of value. However, owners of crypto assets may use them for other purposes, such as speculation and trading. Examples: Bitcoin (BTC), Ethereum (…
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…Learn all its fundamentals here.Key Takeaways Known for its scalability, speed, and low transaction costs, Solana (SOL) is a high-performance blockchain platform aiming to address the limitations of existing blockchains with a unique consensus mechanism called Proof of History (PoH). It supports decentralised applications (dapps) across decentralised finance (DeFi), non-fungible tokens (NFTs), gaming, and meme coins. The Solana Program Library (SPL) provides developers with modular, parallelised…
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…Non-fungible tokens are not able to be replaced, duplicated, or substituted. This system can be used to secure rights to unique objects such as a work or art, piece of real property, or digital artifacts from computer games. Every record in the digital blockchain is a token is a record in the digital ledger. All tokens or records in an open blockchain can be viewed as equal, fungible coins with the same... Read more ai art, ai painting, …
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