Want to know the difference between Layer 1’s and Layer 2’s? Or the difference between Web2 and Web3? You’ve come to the right place. Read up on Grayscale’s definitions of some of the most common phrases and concepts that come up in our regular research coverage of the world of crypto assets. This space is continuously evolving, so our glossary will be updated over time.
Crypto assets other than Bitcoin.
A distributed and immutable digital ledger that processes and records transactions across a network of computers.
A system or organization in which decision-making, control, and authority are concentrated in a central point or a small group of entities, often resulting in a single point of failure or authority.
Refers to all crypto assets. This includes assets in each of the following Grayscale Crypto Sectors: Currencies, Smart Contract Platforms, Financials, Consumer and Culture, and Utilities and Services.
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