Glossary

B

Backend as a service

Backend as a Service (BaaS) is a cloud-based service model that provides developers with ready-to-use...

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Backendless

Backendless is a full-featured BaaS offering a visual development environment, real-time database, user authentication, push...

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Backward Compatibility

Backward compatibility is the ability of a new version or update of a blockchain protocol...

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Bagholder

Bagholders are individuals who do not sell their assets, even if the price significantly drops...

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Bank Identification Number

The term bank identification number (BIN) is defined as the initial four to six numbers...

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Bank Run

A bank run occurs when many customers withdraw their funds from a bank due to...

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Bank services

Products and services offered by banks, including current accounts, credit cards, loans, and investments.

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Banking as a Service

The business model that allows third-party companies to offer banking services to their customers using...

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Banking holding company

Company that holds stakes in various financial institutions.

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Banking License

A banking license is a legal prerequisite for a financial institution that wants to operate...

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Bear Market

A cryptocurrency bear market describes when the market experiences a decline of at least 20%...

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Bear Trap

A bear trap is a term that defines a group of traders or an individual...

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BEP 20

BEP-20 is a token standard for the BNB Smart Chain.

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Big Data

The collection, processing, and analysis of large amounts of data to identify patterns and trends...

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BIN Scam

The BIN number is employed fraudulently by scammers to gain your trust by impersonating a...

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Biometric authentication

The authentication process that uses unique biological characteristics, such as fingerprints or facial scanning, is...

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Biometrics

Biometric is defined as more than a fingerprint or an iris scan. It is an...

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Bitcoin

Bitcoin is the first decentralised digital currency, created by an unknown person or group of...

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Bitcoin exchange traded funds

Bitcoin exchange-traded funds (ETFs) track the value of Bitcoin, providing traders with an opportunity to...

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Bitcoin Halving

Bitcoin halving occurs when the rewards for mining new blocks are halved after every 210,000...

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Bitcoin Pizza

Bitcoin Pizza is defined as the well-known Bitcoin transaction in 2010 involving the purchase of...

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Block

A block in a blockchain is a dataset that contains transactions and other critical information.

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Block Producer

A block producer is an entity responsible for generating and validating new blocks in a...

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Block Reward

A block reward is a form of incentive provided to miners or validators for successfully...

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Blockchain

The technology that enables the creation of shared, secure, and immutable registers is commonly referred...

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Blockchain Oracle

Oracles allow blockchains to connect to things externally, allowing smart contracts to interact and make...

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Blockchain technology

Decentralized digital registry that allows secure and transparent sharing of information and transactions.

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Blockchain Trilemma

The blockchain trilemma is defined as a common problem that all networks currently face, where...

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Bollinger Band

A Bollinger Band is an indicator employed in technical analysis that tracks an asset and...

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Bonding

Bonding is the act of a user locking their digital assets to someone else’s validator...

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Bonita BPM

Bonita BPM is an open-source business process automation platform developed by Bonitasoft. It provides a...

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Bootstrapping

The definition of Bootstrapping in the context of a business is to start a company...

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Branchless banking

Banking services provided without the need for a physical branch are commonly referred to as...

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BRC 20

The BRC-20 token standard is a fungible token standard for the Bitcoin blockchain, enabling developers...

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Breakout

In cryptocurrency trading, a breakout occurs when the price of a digital asset moves above...

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Bridge

Bridges are points that allow users to move between two different blockchains. They can be...

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Bull Market

A bull market is the state of a financial market in which asset prices are...

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Bull Trap

A bull trap is defined as a situation that occurs on a cryptocurrency's chart, showcasing...

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Burn

Burning is defined as the removal of cryptocurrency tokens from circulation, thus reducing a token’s...

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Business incubators

A business incubator is an existing company that offers support to a start-up business. This...

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Business process automation

The automation of business processes to improve efficiency and reduce costs is commonly referred to...

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Business to Business

A model where a transaction or business is conducted between one business and an additional,...

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Business to Business to Business

A model where a business indirectly sells to an additional business through a middleman, such...

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Business to Business to Consumer

This is an indirect distribution—it is a model where a business accesses the consumer market...

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Business to Consumer

Also known as direct-to-consumer—it is a model where a business sells products or services to...

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Buy now pay later

The payment option that allows customers to purchase goods and pay later, often in installments,...

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Buy Over Time

This term was historically known as layaway. A customer can pay for the purchase monthly...

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Buy the f dip

In the crypto community, ‘BTFD’ is short for ‘Buy the f------ dip’, a common term...

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Byzantine Fault Tolerance

Byzantine Fault Tolerance (BFT) is the ability of a computer to continue operating in the...

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Byzantine Generals Problem

The Byzantine Generals Problem is a challenge that arises when trying to maintain security and...

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