Glossary

What Is a Digital Asset? A digital asset refers to any digital representation of value that can be owned, transferred, or utilized, typically in tokenized form and verified through a blockchain or distributed ledger. These assets may represent full or fractional ownership of a specific resource, right, or property. They include cryptocurrencies, digital tokens, and…

What Is a Digital Currency? A digital currency is a form of money that exists exclusively in electronic form, without a physical counterpart like coins or banknotes. It can be used to pay for goods and services, serve as a store of value, and function as a unit of account, much like traditional fiat money.…

Who Is Dorian Nakamoto? Dorian Nakamoto is a Japanese-American physicist who gained media attention in 2014 after being named by Newsweek as a potential candidate for the pseudonymous creator of Bitcoin, Satoshi Nakamoto. The claim was based primarily on circumstantial evidence, including his birth name, Satoshi Nakamoto, and his background in engineering and computer science.…

What Is Double Spending? Double spending refers to the risk of a digital currency being spent more than once. This issue arises because digital data, unlike physical cash, can be easily copied or reproduced. In the context of cryptocurrencies, double spending is typically an attack in which a malicious actor tries to manipulate the network…

What Is DRC-20 in Crypto? DRC-20 is a token standard on the Dogecoin blockchain that allows developers to create fungible digital assets. Inspired by Ethereum’s ERC-20 standard, DRC-20 provides the tools for token creation and management within Dogecoin’s ecosystem, enabling innovative applications like decentralized apps (dApps) and potential decentralized finance (DeFi) services. How Does DRC-20…

What Is a Dump in Cryptocurrency? A dump refers to the rapid sale of a substantial amount of a cryptocurrency, often by a single large investor or “whale.” This sudden sell-off can cause the asset’s price to drop sharply, impacting the broader market. Dumps can occur for various reasons, including profit-taking, panic selling, or market…

What Is Dumping in Cryptocurrency? Dumping refers to the large-scale selling of a cryptocurrency, often leading to a significant drop in its price. This can be triggered by various factors, including market sentiment, external news events, or intentional actions by large investors (whales). Dumping can cause widespread panic in the market, especially when it happens…

What Is DYOR? Do Your Own Research (DYOR) is a principle in cryptocurrency investing that encourages individuals to thoroughly investigate and understand any project or asset before investing. This practice is crucial for avoiding scams and making informed decisions in a space that often lacks regulation and is prone to misinformation. Origins of DYOR The…

What Is EIP-1559? EIP-1559 is an upgrade to the Ethereum network that introduced a new fee mechanism to make transaction fees more predictable and user-friendly. Before this update, Ethereum used a first-price auction system, where users bid against each other to have their transactions included in a block. EIP-1559 replaced this with a dual-component fee…