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BitLicense

A business license issued by the New York State Department of Financial Services to firms in crypto-related activities. It regulates businesses that engage in buying, selling, or transferring digital assets, including Bitcoin and other cryptocurrencies. The BitLicense was introduced in 2015 to provide oversight and consumer protection in the rapidly growing cryptocurrency industry.

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Dust Transaction

Dust transactions are cryptocurrency transactions involving a minute amount of crypto. When the value of a transaction is less than the cost of spending it, it's referred to as "dust." The transaction cost to move or use the dust exceeds its actual value, rendering it economically impractical to spend. Dust transactions can be used maliciously in dusting attacks, where small amounts are sent to many wallets to track and deanonymise users.

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Decentralised Applications(dApps)

Decentralised applications, or dApps, are applications that run on a decentralised network, such as a blockchain, rather than relying on a single central server. This eliminates a single point of failure, enhancing security, transparency, and reliability.

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