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Unit of Account A succinct definition of Unit of Account Unit of AccountLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYUNIT OF ACCOUNTCopy linkShare on TwitterShare on FacebookShare on LinkedinUnit of AccountIn traditional financial (TradFi) systems, national currencies like the US dollar or euro serve as units of account. In the context of cryptocurrencies, a unit of account refers to the function of a digital currency to serve as a standardised measure of value for goods, ser…
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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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Death Cross A succinct definition of Death Cross Death CrossLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDEATH CROSSCopy linkShare on TwitterShare on FacebookShare on LinkedinDeath CrossA death cross is a chart pattern reflecting an asset’s price weakness in reference to the drop of its short-term moving average (MA) price below its long-term moving average price. An MA is the average price of an asset over a set period of time.Traders commonly use the 50-period moving aver…
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Proof of Reputable Observations (PRO) A succinct definition of Proof of Reputable Observations (PRO) Proof of Reputable Observations (PRO)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF REPUTABLE OBSERVATIONS (PRO)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of Reputable Observations (PRO)Proof of Reputable Observations (PRO) is a consensus mechanism introduced by the Constellation Network, a distributed ledger on a directed acyclic graph (DAG). In P…
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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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Application Programming Interface (API) A succinct definition of Application Programming Interface (API) Application Programming Interface (API)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYAPPLICATION PROGRAMMING INTERFACE (API)Copy linkShare on TwitterShare on FacebookShare on LinkedinApplication Programming Interface (API)Similar to a contract, an Application Programming Interface (API) aids the communication between software applications. For example, Party A can send a re…
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Backward Compatibility A succinct definition of Backward Compatibility Backward CompatibilityLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBACKWARD COMPATIBILITYCopy linkShare on TwitterShare on FacebookShare on LinkedinBackward CompatibilityBackward compatibility in blockchain refers to the ability of a new version or update of a blockchain protocol or software to interact seamlessly with older versions of the same protocol. Backward compatibility allows newer software or pro…
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Private Chain A succinct definition of Private Chain Private ChainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPRIVATE CHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinPrivate ChainPrivate chains differ from public chains because they use a central entity that governs the network. Participants in this type of blockchain technology normally require permission from the administrator to read, write, or audit the blockchain. Hence, private chains are known as ‘ma…
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Taker Fee A succinct definition of Taker Fee Taker FeeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYTAKER FEECopy linkShare on TwitterShare on FacebookShare on LinkedinTaker FeeA taker fee in cryptocurrency trading is a fee charged by an exchange to traders who remove liquidity from the order book by executing trades that are immediately matched with existing orders. These traders are referred to as ‘takers’ because they ‘take’ liquidity away from the market by complet…
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RSA A succinct definition of RSA RSALevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYRSACopy linkShare on TwitterShare on FacebookShare on LinkedinRSARSA (short for Rivest–Shamir–Adleman) is one of the most widely used public-key encryption algorithms for secure data transmission. Named after Ron Rivest, Adi Shamir, and Leonard Adleman, who publicly described the algorithm in 1977, RSA is used to securely transmit messages over the internet. As an asymmetric cryptosystem, RSA…
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