An Infinite Mint Attack happens when an undesired entity or hacker creates an excessive (“infinite”) number of tokens within a protocol.
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Inflation refers to a broad rise in prices and a decrease in the purchasing power of money.
A Hierarchical Deterministic Wallet (HD Wallet) is a type of wallet that utilizes the Hierarchical Deterministic (HD) protocol. This protocol allows for the creation of multiple crypto-wallets from a single master seed. The master seed is generated using 12 mnemonic phrases, which adds an extra layer of security to the wallet. The HD Wallet structure is designed to simplify the management of multiple crypto-wallets by providing a hierarchical structure. This structure allows for the creation of child wallets, each with its own unique address, while still being derived from the same master seed. This makes it easier to manage and keep track of multiple wallets, as they are all connected to the same master seed. The HD Wallet protocol has become increasingly popular due to its enhanced security features and ease of use. By using the HD protocol, users can generate and manage multiple crypto-wallets with ease, all while maintaining a high level of security.
Initial Bounty Offering (IBO) is an innovative approach to project launch, which emphasizes the contribution of skills to a platform instead of monetary investments.
Google Authenticator is a verification system that operates on software and produces one-time codes that are unique and time-based on your mobile device.
In the realm of cryptocurrencies, governance refers to the individuals or entities that possess the authority to make decisions pertaining to the project.
A governance token refers to a token that holds the capability to participate in voting processes that have an impact on an ecosystem.
A computer chip, commonly referred to as a graphics card, is responsible for generating 3D images on computers. However, it has also proven to be highly effective in mining cryptocurrencies.
Gas is a term utilized on the Ethereum platform to denote a unit of measurement for the computational effort involved in executing transactions, smart contracts, or launching DApps within the Ethereum network.
The concept of the Greater Fool Theory was initially introduced by professor Burton Malkiel. According to this theory, there will always be someone, referred to as the “greater fool,” to whom you can sell an asset that is currently overvalued.