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Glossary - Levolution

Glossary

Time to understand the language.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Actor

Address

Airdrop

Altcoin

Anti-Money Laundering (AML)

Application-Specific Integrated Circuit (ASIC)

Banking Secrecy Act (BSA)

Bitcoin (BTC)

Block

Block Depth

Block Explorer

Block Height

Block Reward

Block, Canonical

Block, Genesis

Blockchain

Blockchain Transaction Fees

Bug Bounty

Byzantine Fault Tolerance

Certificate Authority (CA)

Client

Closed Source

Closed Source

Coin

Coinbase

Cold Wallet

Command-Line Interface

Confirmation

Consensus

Consortium

Corda

Crypto Exchange

Cryptocurrency

Cryptography

Currency

Currency

Custodial

DAPP

Decentralization

Decentralized Autonomous Organization (DAO)

Decentralized Finance (DeFi)

Digital Identity

Digital Signature

Directed Acyclic Graph

Distributed Ledger

Double Spend Attack

EOS.IO

ERC20 Token Standard

Ethereum

Ethereum Enterprise Alliance

Ethereum Improvement Proposals (EIP)

Ethereum Virtual Machine

EWASM

Exchange

Exchange (Decentralized)

Fiat

Financial Crimes Enforcement Network (FinCEN)

Fintech

Fork

Fungibility

Gas

Gas Price

Genesis Block

Graphical User Interface (GUI)

Halving

Hardware Wallet

Hash

Hash Collision

Hash Function

Hashgraph

Hashrate

Hexadecimal Notation

Hot Wallet

Hybrid Consensus Model

Hyperledger

Immutability

Initial Coin Offering (ICO)

Java

Javascript

Know Your Customer (KYC)

Liquidity

Mainnet

Market Capitalization

Merkle Proof

Merkle Root

Merkle Tree

Metaverse

Miner

Miner, ASIC

Miner, CPU

Miner, GPU

Mining

Mining Pool

Multi Signature (MultiSig)

Network

Node

Node, Full

Node, Light

Non-Custodial

Non-Fungible

Non-Fungible Token (NFT)

Opcode

Open Source

OpenSea

Oracle

Oracle

Peer-to-Peer (P2P)

Private Blockchain

Private Key

Private Key Infrastructure (PKI)

Proof-of-Liquidity

Proof-of-Stake

Proof-of-Work

Protocol

Public Blockchain

Public Key

Ring Signature

Satoshi Nakamoto

Scalability

Serialization

Shard

Slashing Condition

Smart Contract

Solidity

Stablecoin

State Machine

Tangle

Testnet

Testnet

Token

Tokenization

Transaction Block

Transaction Fee

Transaction Pool

Trustless

Turing-Complete

Turing-Machine

Unspent Transaction Output

Validator

Virtual Machine

Vyper

Wallet

Web Assembly (WASM)

White Label

Zero-Knowledge Proof

Actor

In the blockchain industry, an actor refers to any entity with the capabilities for participating in a specific action or network.

Address

In blockchain terms, the address generally refers to the public address related to a private key. The addresses work as the identity of an actor or an account, and in most cases are available in hexadecimal notations.

Airdrop

Airdropping is a method of token distribution, which helps in sending tokens or cryptocurrency to wallet addresses. Airdrops are typically utilized for marketing purposes to increase app downloads, sign-ups, reshares, and referrals.

Altcoin

Altcoins are digital currency alternatives for Bitcoin. The majority of altcoins are forks of Bitcoin, with few changes. An example of this is Ethereum (ETH).

Anti-Money Laundering (AML)

Anti-money laundering refers to the collection of international laws implemented for reducing the possibilities of money laundering through cryptocurrencies.

Application-Specific Integrated Circuit (ASIC)

ASIC is a type of computer processing chip that performs a singular function. Due to its specialization, an ASIC is much more efficient and cost-effective than a generalized computer processor that can perform many functions. In the blockchain industry, ASIC boards have been used to perform the SHA256 hashing required for Proof-of-Work (PoW), greatly outstripping the hash rate of even the most powerful GPU miners.

Banking Secrecy Act (BSA)

Legislation passed in the United States in 1970 that requires financial institutions to assist government agencies in detecting and preventing money laundering. BSA requirements include mandatory reporting of certain activities, record keeping for all customers, and limitations on what kind of monetary instruments may be purchased or exchanged.

Bitcoin (BTC)