“In the crypto industry, there is a huge variety of blockchains, protocols, venture companies and projects. Journalists of The Block found out the origin of the names of some of them. Binance: means a combination of the words “binary” and “finance”. “It represents the convergence of these two technologies,” says the company’s website. Coinbase: A reference to a fundamental aspect of Bitcoin’s architecture, the so-called “coinbase,” or the type of blank transaction that a miner first adds to a block as a stamp […]”, — write: businessua.com.ua
In the crypto industry, there is a huge variety of blockchains, protocols, venture companies and projects. Journalists of The Block found out the origin of the names of some of them.
Binance: means a combination of the words “binary” and “finance”.
“It represents the convergence of these two technologies,” says the company’s website.
Coinbase: a reference to a fundamental aspect of Bitcoin’s architecture —
the so-called “coinbase”, or type of empty transaction, which the miner adds first to the block as a reward stamp.
Castle Island Ventures: named after the place of the same name in South Boston, the site of a British stronghold during the American Revolutionary War.
The acronym CIV is a reference to the Civilization series of turn-based strategy games, of which founder Nick Carter is a fan.
Dragonfly Capital: derived from the poem “Little Pond” by Yang Wenli, a famous poet of the Song Dynasty in China.
“Grandmother [dragonfly] — the first creature that appears in the spring. “Cryptocurrencies are the spring of a new social movement, so we decided it was a fitting name,” explained founder Hasseb Qureshi.
DARMA Capital: is an acronym for Digital Asset Risk Management Advisors and a consonant philosophical concept in the East.
“Dharma means the life mission of a person. I feel connected to the mission of decentralization, the foundation of which can be the blockchain,” explained the company’s founder, Andrew Keys.
Delphi Digital: received an analogy from the Delphic oracle, which was known for its prophecies.
“Just as the Oracle of Delphi was a source of wisdom in ancient times, Delphi Digital can be a modern source of knowledge, innovation and cutting-edge solutions in cryptocurrency,” shared co-founder Anil Lulla.
Polygon: Before becoming Polygon, the network was called Matic, a reference to its early efforts to scale the Ethereum blockchain with Plasma.
The team has since expanded its scope to building a multi-chain ecosystem and offering a range of scaling solutions. It needed a new name that reflected a broader vision.
In 2021, the company rebranded, changing its name to Polygon.
“The new name reflects its ambition to become the ‘Internet of Blockchains’, symbolizing interconnected layers and scalability, like a geometric polygon with multiple sides representing different approaches to scaling,” said project co-founder Sandeep Nailwal.
SCROLL: there are three reasons behind the name. First, it is a reference to how the ancient scrolls were rolled.
According to Leonardo Park of SCROLL, “the name comes from the words ‘SCaling with a ROLLup’ and ‘Smart Contract ROLLup’, which describe the project’s ‘core mission to scale the Ethereum blockchain beyond its current EVM limitations.’
“Finally, we want the end-user experience to be as close as possible to “SCROLLing on your phone [скролінг нателефоні]”so none of these solutions, options, and wallets should be something the user worries or worries about,” Park added.
SingularityNET: the name directly indicates the long-term goal of the project — to promote the development of AI in the direction of a positive technological singularity.
Superstate: a term borrowed from quantum physics to describe the more abstract concept of asset tokenization. Like quantum states, where subatomic particles can exist in two different superstates simultaneously, real-world tokenized assets live on-chain and off-chain, explained founder Robert Leshner.
TRON: borrowing from the film of the same name. There is a philosophical reason behind this choice. The film “resonated with themes of fighting against centralized control, which resonates with the ethics of decentralization in the blockchain,” explained founder Justin Sun.
We will remind you that Kaiko presented the results of 2024 in the ten “best charts”.
The source