Decentralized Applications (dApp, Dapp, or DApp) are designed as open-source projects that run on top of a blockchain network. The distributed nature of these networks provides users with transparency, decentralization, and resistance to attacks….
Altcoin (alternative coin) is a term that refers to any cryptocurrency created after Bitcoin — the first cryptocurrency (October 2008). The name comes from the fact that it is an…
Non-fungible token (NFT) is a type of cryptographic token on a blockchain that represents a unique asset. These can either be entirely digital assets or tokenized versions of real-world…
Trading fee is a commission charged by a cryptocurrency exchange for the purchase or sale of cryptocurrencies. Trading fees are typically expressed as a percentage of the transaction…
Cryptocurrency (or crypto) is a digital asset designed to work as a medium of exchange using cryptography to secure transactions, control the creation of additional…
A validator is a participant in the network responsible for verifying and validating new transactions and blocks. Validators play a pivotal role in preventing fraudulent activities, double-spending, and ensuring…
Proof of Liquidity (PoL) is an idea to utilize the Balancer pool to create a direct and positive relationship between staking and liquidity. It is in the nature of…
Proof of Authority (PoA) is a consensus system that allows only authorized entities to validate transactions in a blockchain network. PoA is an alternative consensus mechanism, that relies on…
Proof-of-History (PoH) is a consensus mechanism that uses a cryptographic algorithm to verify the passage of time in a blockchain network. A blockchain with a Proof-of-History (PoH) protocol employs a…
Proof of stake (PoS) is a type of consensus algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. In PoS-based cryptocurrencies, the creator of the next block is chosen via…