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Tokenomics A succinct definition of Tokenomics TokenomicsLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTOKENOMICSCopy linkShare on TwitterShare on FacebookShare on LinkedinTokenomicsThe term ‘tokenomics’ is a portmanteau of the words ‘token’ and ‘economics’. Broadly speaking, it refers to all the factors that affect the value of a cryptocurrency. This may include the maximum token supply, how new tokens are created and existing ones removed from circulation, token …
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ERC-223 A succinct definition of ERC-223 ERC-223Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-223Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-223ERC, which stands for Ethereum Request for Comment, is a standard conveying the essential technical notes and requirements to a group of developers and users. Created by Reddit user and Ethereum developer ‘Dexaran’, the main goal of the ERC-223 token standard is to expand on the ERC-20 protocol and offer a so…
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Yield Farming A succinct definition of Yield Farming Yield FarmingLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYYIELD FARMINGCopy linkShare on TwitterShare on FacebookShare on LinkedinYield FarmingYield farming, also known as liquidity mining, is a technique of generating returns in the form of additional cryptocurrency. It involves locking up a certain amount of cryptocurrencies and receiving interest in proportion to the amount. Since its boom in 2020, yield farming has evol…
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ERC-884 A succinct definition of ERC-884 ERC-884Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-884Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-884Short for Ethereum Request for Comment, ERC provides application-level standards for the Ethereum blockchain. ERC-884 allows companies specifically registered in Delaware, which can conduct business in any state, to utilise blockchain technology. This enables them to create ERC-20 tokens, which can represent a nu…
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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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Proof of Burn (PoB) A succinct definition of Proof of Burn (PoB) Proof of Burn (PoB)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF BURN (POB)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Burn (PoB)Proof of Burn (PoB) is a consensus mechanism that uses less energy consumption than Proof of Work (PoW). The concept behind PoB requires miners to ‘burn’ a portion of their digital currencies for the chance to mine a new block.In PoB, miners send tok…
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Rug Pull A succinct definition of Rug Pull Rug PullLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYRUG PULLCopy linkShare on TwitterShare on FacebookShare on LinkedinRug PullA rug pull is a scam in the cryptocurrency industry where malicious actors pose as creators or developers of a project with the intention to essentially take all the funding for a project and leave. The term refers to the saying of one having a rug pulled out from under them.With rug pulls, which are prevale…
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Mint A succinct definition of Mint MintLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMINTCopy linkShare on TwitterShare on FacebookShare on LinkedinMintIn blockchain and cryptocurrency, ‘minting’ refers to the process of creating new coins or tokens. Minting is also used in creating non-fungible tokens (NFTs) or other types of tokens. When someone mints an NFT, they are essentially creating a new, unique digital asset on the blockchain.Although it is often associated wit…
ERC-827 A succinct definition of ERC-827 ERC-827Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-827Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-827ERC stands for Ethereum Request for Comment, providing application-level standards for the Ethereum blockchain. ERC-827 builds upon the ERC-20 token standard, allowing for the execution of calls inside transfers and approvals. For example, with ERC-827, users can pass data and tokens to smart contracts in order t…
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ERC-777 A succinct definition of ERC-777 ERC-777Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-777Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-777ERC, 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-777 is focused on providing additional functionality when dealing with tokens. While the ERC-20 token standard is still used frequently, ERC-777 aims t…
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