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As already made apparent through its infinitive form, “finality” is simply the assurance that transactions with the context of cryptocurrency industry can no longer be modified, reversed or cancelled after completion. A blockchain’s level of…

The Fill or Kill Order or simply FOK, is an order type that some exchanges and trading platforms offer. This order type pertains to the concept that orders must be filled wholly or not executed…

ERC-721 pertains to a token standard meant for Non-Fungible Ethereum tokens. This token standard had been introduced through an Ethereum Improvement Proposal back in 2017. This enables smart contracts to operate as tokens that can…

ERC-20 refers to the Ethereum coin standard. The standard is used for the implementation of tokens. It is governed by a common list of rules that defines interactions between tokens that include transfer between addresses…

A Decentralized Autonomous Cooperative or DAC, pertains to an organization controlled by shareholders, not a central authority. It is sometimes called Decentralized Autonomous Corporation or DAC. It is represented by rules that are coded into…

A Decentralized Autonomous Initial Coin Offerings or DAICO, pertains to a fundraising methodology that combines the advantages offered by Decentralized Autonomous Organizations (DAOs) and Initial Coin Offerings (ICOs). The DAICO provides investors with greater control,…

A Central Bank is the overseer and manger of a country’s monetary policy. It is in charge of controlling and regulating the country’s money supply, this it does through the issue of fiat currency and…

Censorship-resistance pertains to a specific property of a cryptocurrency network that functions as a check on transactions as it prevents outside entities from making changes to the transactions. Once a transaction is added to the…

The Bid Price is the highest price that a buyer would be willing to pay for a certain product or service. Within the financial markets, the Bid Price is the value buyers are willing to…