51% ATTACK: Potential attack on a blockchain by miners controlling * greater than 50% hash rate. This gives you enough power to manipulate or modify the order of transactions.
BLOCK CHAIN: The blockchain is, as its name implies, a data structure that is arranged in the form of interlocking blocks that create an infinite chain. When a new block joins the chain the hash of the previous block is included, so changing the information of a single block creates a break in the chain. All blocks need to be recoded.
BNB: The native cryptocurrency of the Binance platform.
BINANCE: The main cryptocurrency exchange worldwide. Its ecosystem consists of being a learning center, a space for trading and a platform for launching tokens.
CRYPTOART: artistic category that gathers the encrypted digital files in some chain of blocks.
CHAIN CODE: It is defined as an algorithm that is responsible for separately coding the formulas so that the platform fulfills the actions.
CRYPTOCURRENCY: currency or digital currency that works with the blockchain system. Among the most famous are Bitcoin, Binance Coin, Ethereum, Litecoin, Dogcoin, and Ripple. Each currency has different values and its value depends on speculation.
CRYPTOGRAPHY: Set of techniques that allow altering and modifying messages or files so that they cannot be read by unauthorized users.
DECENTRALIZED APPLICATION (DApp): Application that works without the need for intermediaries, with a decentralized network where users have total control of its operation. DApps allow greater security and freedom on the server. Each user within a DApp is a node on the network.
DIGITAL ASSET MANAGEMENT (DAM): Software in charge of storage, organization and dissemination of digital assets within a central network. A digital asset expands to videos, music, photos, documents, and other types of digital media.
DIGITAL RIGHTS MANAGEMENT (DRM): General term for any platform that controls all copyrighted digital materials. It is responsible for protecting the content disseminated by its creator, preventing a third party from modifying, distributing or deleting its content in an unsolicited manner.
Distributed Ledger Technology (DLT): Database that records information that is dispersed between different servers. Blockchain technologies are a type of DLT that stores your transactions in the form of blocks.
DECENTRALIZED FINANCE (De-Fi): Decentralized finance is a digital ecosystem that develops financial actions with the freedom and security of the Web. Where exchanges of value or information are made between users, in the form of transactions.
ERC-20: Standard term to refer to a fungible token in Ethereum.
ERC-721: Standard term to refer to a non-fungible Ethereum token.
ETHEREUM: Public blockchain platform created in 2015 by Vitalik Buterin that stores decentralized and collaborative applications. The platform is supported by an open decentralized network of nodes and is supported by a community of developers.
ETHER: Ethereum’s native cryptocurrency is the second most successful cryptocurrency on the market.
EXCHANGE: platform or exchange market that allows transactions with crypto currencies and FIAT money. In these exchange houses, the market price of each cryptocurrency is generated from supply and demand.
HASH: Each block has a unique code called “hash” and each block stores information from the previous block, in this way the history of all the movements of that chain of blocks can be viewed. That “hash” in art is assimilated to a certificate of authenticity.
HYPERLEDGER FABRIC: DLT platform that is composed of a chain of blocks oriented to private companies, since it has a great facility to make transactions safely and efficiently. It has the ability to create smart contracts for ease of acquisition.
HYPERLEDGER: Platform raised by The Linux Foundation created aimed at promoting technological advances in relation to the management of blockchain in business environments, from financial, technological and supply. In order to fix reliability and performance problems.
NFT: (Non Fungible Token / Non Fungible Token). It is a digital element managed by blockchain This is the crypto art token. They were launched in 2017 through the Ethereum currency blockchain network. Everything or almost everything can be converted into NFT, from digital art, internet domains, playing cards, event tickets, songs, videos, among many more.
NODE: Component within the Blockchain network that validates the connection between transactions and blocks.
PEER TO PEER (P2P): The connection of two or more computers working without the help of a centralized network.
PROOF OF WORK (Pow): mechanism that allows grouping transactions in blocks that are chained to create the blockchain. A lot of arbitrary computation is required to solve hash challenges.
PROOF OF STAKE (PoS): action of blocking your coins. The more locked coins you have in your wallet, the greater the probability of being chosen to mine a next block.