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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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ERC-20 A succinct definition of ERC-20 ERC-20Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-20Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-20The ERC-20 token standard is a set of rules and guidelines that defines how a token should function on the Ethereum blockchain. Introduced in 2015 by Fabian Vogelsteller, ERC-20 has become the most widely adopted token standard in the Ethereum ecosystem.ERC-20 tokens are fungible, meaning that each one is interchangea…
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Proof of Stake (PoS) A succinct definition of Proof of Stake (PoS) Proof of Stake (PoS)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF STAKE (POS)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Stake (PoS)In a Proof of Stake (PoS) system, validators are required to pledge a ‘stake’ of digital currency for the chance to be randomly chosen to validate transactions. They are selected based on the number of tokens they hold, a process not unlike a lo…
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CryptoPunks A succinct definition of CryptoPunks CryptoPunksLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTOPUNKSCopy linkShare on TwitterShare on FacebookShare on LinkedinCryptoPunksCryptoPunks is one of the oldest and most iconic non-fungible token (NFT) collections; each NFT in the collection represents ownership of a unique item that is different from the others and cannot be replaced with other tokens, unlike cryptocurrencies.Created by John Watkinson, Matt Hall, and …
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What Is AI Rig Complex (ARC)? Explore how AI Rig Complex (ARC) powers innovative AI applications and semantic software with collaboration and open-source development. What Is AI Rig Complex (ARC)?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYAltcoins5 May 2025|INTERMEDIATE|4 MIN READWhat Is AI Rig Complex (ARC)?Explore how AI Rig Complex (ARC) powers innovative AI applications and semantic software with collaboration and open-source development.Key Takeaways AI Rig Complex i…
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Digital Asset A succinct definition of Digital Asset Digital AssetLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDIGITAL ASSETCopy linkShare on TwitterShare on FacebookShare on LinkedinDigital AssetA digital asset is any form of electronic data that has economic value and can be owned or controlled by an individual or organisation. These include cryptocurrencies, securities, tokens, art and collectibles, data, and intellectual property.Digital currencies like Bitcoin, Ethereum,…
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GameFi A succinct definition of GameFi GameFiLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYGAMEFICopy linkShare on TwitterShare on FacebookShare on LinkedinGameFiFirst coined in a 2020 tweet by Andre Cronje, the CEO of Yearn Finance, ‘GameFi’ combines the words ‘game’ and ‘finance’. It mixes blockchain technology, non-fungible tokens (NFTs), and game mechanics to create a virtual environment for players.Until recently, video games were housed on centralised servers…
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Fiat-Collateralised Stablecoin A succinct definition of Fiat-Collateralised Stablecoin Fiat-Collateralised StablecoinLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFIAT-COLLATERALISED STABLECOINCopy linkShare on TwitterShare on FacebookShare on LinkedinFiat-Collateralised StablecoinA fiat-collateralised stablecoin is a type of cryptocurrency backed by a reserve of fiat currency (such as the US dollar, euro, or other national currencies) or cash equivalents (e.g., US short-term …
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XRP A succinct definition of XRP XRPLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYXRPCopy linkShare on TwitterShare on FacebookShare on LinkedinXRPCreated by US-based technology company Ripple Labs Inc. (Ripple Labs), XRP is the native cryptocurrency of XRP Ledger (XRPL), an open-source, decentralised public blockchain. XRP and the XRP Ledger were launched in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto as an alternative to Bitcoin, with the goal of creating a digita…
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Honeypot A succinct definition of Honeypot HoneypotLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHONEYPOTCopy linkShare on TwitterShare on FacebookShare on LinkedinHoneypotIn honeypot scams, the scammers typically contact cryptocurrency users through social media platforms like X, Discord, or Reddit, presenting themselves as inexperienced individuals seeking assistance. They claim to have received a substantial crypto payout and require help transferring or cashing it out. In …
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