From the archive.
ERC-721
A more advanced standard compared to ERC-20, focused on non-fungible tokens (NFTs) on the Ethereum blockchain. Unlike ERC-20 tokens, which are identical and interchangeable, ERC-721 tokens are unique and can represent ownership of specific assets,…
ERC-20
A technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. ERC-20 defines a common list of rules that Ethereum tokens must adhere to, allowing developers to accurately predict interaction between tokens.…
Market Liquidity
A measure of how easily assets can be bought or sold in the market without affecting the asset’s price. High liquidity indicates that there are a lot of buyers and sellers, and transactions can occur…
Merkle Tree
A data structure used in computer science and cryptography to efficiently summarize and verify the integrity of large sets of data. In blockchains, Merkle trees allow for quick and secure verification of transaction data contained…
Multisig (Multisignature)
A digital signature scheme which allows a group of users to sign a single document. In the context of cryptocurrency, it refers to a wallet configuration that requires multiple signatures to authorize a transaction, greatly…
Oracles
Oracles are entities that provide external data to blockchain networks, bridging the gap between the blockchain and the real world. Since smart contracts on blockchains cannot access data outside their network, oracles serve as data…
Transaction Fee
A Transaction Fee is a charge that users pay to send transactions over a blockchain network. This fee compensates validators or miners for their effort in processing and validating transactions, ensuring they are securely and…
Validator
A Validator is a participant in a blockchain network responsible for verifying and validating new transactions and blocks according to the network’s rules. In blockchain systems that use a Proof of Stake (PoS) or similar…
Volatility
Traders and investors typically experience volatility in the financial markets, which refers to the degree of variation in the price of a financial asset over time. High volatility can indicate that the price of an…
Zero-Knowledge Proof
A Zero-Knowledge Proof is a method by which one party can prove to another that a statement is true without revealing any information beyond the validity of the statement itself. This concept is significant in…