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Mining Pool A succinct definition of Mining Pool Mining PoolLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMINING POOLCopy linkShare on TwitterShare on FacebookShare on LinkedinMining PoolA mining pool is the consolidation of computational power amongst a group of cryptocurrency miners (nodes) who work collectively to solve mathematical problems in order to better their chances of receiving rewards.In a mining pool, groups of miners have a much higher chance of solving the math…
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Oracle A succinct definition of Oracle OracleLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYORACLECopy linkShare on TwitterShare on FacebookShare on LinkedinOracleAn oracle is a bridge that connects blockchain networks with external data sources or systems. While smart contracts are powerful tools for automating processes on the blockchain, they are typically unable to access data from outside their network. This limitation is where blockchain oracles come into play.Blockchain …
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Merkle Root A succinct definition of Merkle Root Merkle RootLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMERKLE ROOTCopy linkShare on TwitterShare on FacebookShare on LinkedinMerkle RootA Merkle tree (or hash tree) is a binary tree structure where each leaf node represents a hash of a block of data. The tree is built by hashing pairs of leaf nodes until there is only one hash left, which is the Merkle root.The Merkle root contributes to the security of the blockchain by allow…
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Permissionless A succinct definition of Permissionless PermissionlessLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPERMISSIONLESSCopy linkShare on TwitterShare on FacebookShare on LinkedinPermissionlessA permissionless system is one that has no apparent ‘gatekeepers’, meaning there isn’t something or someone able to stop any particular person or thing from using it or limiting access to it. For example, Bitcoin is permissionless because anyone can use its features.In the…
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Metaverse A succinct definition of Metaverse MetaverseLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMETAVERSECopy linkShare on TwitterShare on FacebookShare on LinkedinMetaverseFirst coined by Neal Stephenson in 1992, the term ‘metaverse’ refers to the idea of a virtual world that mimics the real world. The first half of this compound, ‘meta’, means ‘beyond’, and the latter, ‘verse’, is short for ‘universe’. Together, it’s the idea of a 3D internet, where…
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OCO Order A succinct definition of OCO Order OCO OrderLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYOCO ORDERCopy linkShare on TwitterShare on FacebookShare on LinkedinOCO OrderAn OCO order, short for one-cancels-the-other, is a type of advanced order commonly used in cryptocurrency trading where traders set two orders simultaneously (often a limit order and a stop order), with the idea that if one of the orders gets executed, the other order is automatically canceled.OCO orde…
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Directed Acyclic Graph (DAG) A succinct definition of Directed Acyclic Graph (DAG) Directed Acyclic Graph (DAG)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDIRECTED ACYCLIC GRAPH (DAG)Copy linkShare on TwitterShare on FacebookShare on LinkedinDirected Acyclic Graph (DAG)A directed acyclic graph (DAG) is a type of data structure aiming to improve upon shortcomings of a conventional blockchain, particularly scalability. A DAG has no blocks, though transactions come through via …
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Merkle Tree A succinct definition of Merkle Tree Merkle TreeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMERKLE TREECopy linkShare on TwitterShare on FacebookShare on LinkedinMerkle TreeIn blockchain, a Merkle tree summarises all the transactions in a block by producing a digital fingerprint of the entire set of transactions, thereby enabling users to verify whether or not a transaction was included in a block.Technically, a Merkle tree is a data structure constructed from th…
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Ascending Wedge A succinct definition of Ascending Wedge Ascending WedgeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYASCENDING WEDGECopy linkShare on TwitterShare on FacebookShare on LinkedinAscending WedgeAn ascending wedge is a bearish chart pattern in technical analysis characterised by two converging trendlines that slope upwards. Also known as a rising wedge, the two upward-sloping trendlines connect a series of higher highs (the upper trendline) and a series of higher l…
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Blockchain Trilemma A succinct definition of Blockchain Trilemma Blockchain TrilemmaLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBLOCKCHAIN TRILEMMACopy linkShare on TwitterShare on FacebookShare on LinkedinBlockchain TrilemmaOriginally coined by Vitalik Buterin, the creator of Ethereum, the blockchain trilemma is an issue that currently plagues all blockchains. To be precise, it is commonly considered that most blockchains can only provide two out of three of the following b…
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