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Crypto Asset A succinct definition of Crypto Asset Crypto AssetLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTO ASSETCopy linkShare on TwitterShare on FacebookShare on LinkedinCrypto AssetCrypto assets are broadly defined as digital assets that use technology — like cryptography, distributed ledgers, consensus algorithms, and smart contracts — to store value. These assets are used in a similar fashion to a traditional financial (TradFi) asset, such as a medium of excha…
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Burn A succinct definition of Burn BurnLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBURNCopy linkShare on TwitterShare on FacebookShare on LinkedinBurnBurning refers to the removal of cryptocurrency tokens from circulation. During the process of burning, the project’s team typically sends tokens to a burn address where they are no longer accessible. Burning tokens permanently removes them from the circulating supply.There are many reasons why projects burn tokens, including…
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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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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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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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NFT Collection A succinct definition of NFT Collection NFT CollectionLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYNFT COLLECTIONCopy linkShare on TwitterShare on FacebookShare on LinkedinNFT CollectionAn NFT collection refers to a group or series of non-fungible tokens (NFTs), which are digital tokens minted on a blockchain. Each NFT within a collection is distinct, and some NFT collections may have a limited number of tokens, creating a sense of scarcity and exclusivity. Cer…
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Mainnet A succinct definition of Mainnet MainnetLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMAINNETCopy linkShare on TwitterShare on FacebookShare on LinkedinMainnetA mainnet is a term describing an independent blockchain network, with different tokens, coins, and applications running on it. This is in contrast to a testnet, which is essentially a testing ground used to troubleshoot before projects or cryptocurrencies launch on the mainnet. In short, a testnet is the trouble…
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Fungible A succinct definition of Fungible FungibleLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFUNGIBLECopy linkShare on TwitterShare on FacebookShare on LinkedinFungibleWhen it comes to cryptocurrency, fungible refers to a cryptocurrency’s interchangeability; meaning, fungible assets are identical and of equal value. For example, ETH is a fungible token, as it can be exchanged on a one-to-one basis (i.e., 1 ETH with another ETH). On the other hand, non-fungible tokens (N…
ERC A succinct definition of ERC ERCLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERCCopy linkShare on TwitterShare on FacebookShare on LinkedinERCERC, short for Ethereum Request for Comment, comes in many forms, including registries, package formats, libraries, and token standards. Since Ethereum is an open-source protocol, anyone with knowledge of Solidity can submit their own ERC. However, not every new ERC version gets approved, as it is the original creator’s responsibi…
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