Witness

In cryptocurrency, a ‘witness’ attests to the authenticity of a specific transaction in the form of a signature.

For a Bitcoin transaction, the witness is the content of the signature scripts, which is what proves the transaction is authenticated. Segregated Witness (SegWit) is an upgrade of the Bitcoin protocol that includes a change in the transaction format that increases block capacity and protects from transaction malleability. It was also intended to speed up the validation process by removing witness data from transaction data.

Key Takeaway

A ‘witness’ is a transaction signature attesting to the authenticity of a specific transaction, verifying a cryptographic claim.

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Market Cap

Market cap refers to the total dollar value of a cryptocurrency in circulation. It is calculated by multiplying the token price by the total number of tokens.

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Circulating Supply

Circulating supply is the amount of a cryptocurrency currently on the market. The number can grow or shrink for various reasons.

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TradFi

Traditional finance, or TradFi, is a conventional approach to financial activities that relies on established institutions, such as banks, insurance companies, investment companies, and stock exchanges.

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Collection Value

Collection Value is the aggregated monetary value of all the NFTs in a collection.

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NFT Sales Volume Index (7D)

The NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.

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Crypto Asset

Crypto assets are transferable digital representations of value made possible by cryptography and blockchain technology.

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24H Volume

24H Volume shows the number of a cryptocurrency’s tokens traded over a 24-hour time frame.

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7D

7D, short for seven days, refers to price data that has been collected for a cryptocurrency over a 7-day period.

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Floor Price

Floor Price is equal to the lowest-priced NFT in a collection.

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Gas (ETH)

Gas is the cost of a transaction on the Ethereum network.

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