Get an explanation of cryptocurrency terms for a better understanding of the world of crypto.
Understand What is SegWit. It's easier to understand the meaning if we take a look at the transaction structure inside the Bitcoin blockchain.
Destination Tag is a technology that defines the specific recipient of the transaction. You can notice that you have the same XRP address as the other user on the exchange service.
Airdrop refers to give away a certain amount of digital currency, tokens or coins, publicly for free either by merit of holding some other coins or only by merit of remaining an active wallet address on a particular blockchain network.
There are different scenarios of DApps use but, roughly speaking, they can be divided into three main categories according to their market niche...
The main idea of smart contracts is to eliminate the interpretation discrepancy of the contract terms by the parties. Smart Contracts are making able to trust instead of using the judicial system.
Market capitalization relates to the complete market value of the stocks of a company in the intrinsic value of say, a US Dollar. It helps to represnt the size and power of a company, or a project. Learn why market cap is important and know how to calculate the circulating supply with this guide.
Arbitration describes a strategy where a trader takes advantage of varying prices offered by brokers for particular cryptocurrencies to make a trade (Chen, 2019). For example, a certain cryptocurrency may have a low rate in a particular country and a higher one in another country.
An algorithm can be described as a set of steps defining a particular pattern or a course of action. In other words, it is a step by step method of solving a problem commonly used for computer and mathematical operations.
Behind cryptocurrency is a huge technical base, and hence the understanding of sometimes difficult to explain things in simple words. Let’s take a shot and clarify what is the difference between a Coin and a Token.
Atomic Wallet Glossary.Starting with Address:An identifier in the form of a string of letters and numbers that represents the destination of crypto payment.
ASIC refers to an integrated circuit that is designed for specific uses instead of a general-purpose. In the cryptocurrency industry, miners use ASICs as specialized hardware that is modified to carry out specific activities.
An API describes a set of tools, routines, and protocols used in building software applications (Pearlman, 2016). It is a software intermediary that allows two different software or applications to communicate or talk to each other.
Anti-money laundering describes a set of procedures, laws, and regulations intended to avoid or prevent criminals from transferring or disguising illegally acquired funds through cryptocurrencies as legitimate income (Kenton, 2019).
The term “All-Time Low” is the opposite of All-Time High. All-Time Low is related to the minimal price that an asset (it may be a share or a cryptocurrency coin) has ever reached on the market.
All-Time High” is related to the highest price that an asset (it may be a share or a cryptocurrency coin) has ever reached on the market. This value can be changed several times over a month.
Just as the departure of MultiversX to the Uttermost West marked the end of an era in J.R.R. Tolkien's Middle-earth legendarium, the arrival of MultiversX's network in the crypto-world marks the start of a new era. The era of the Internet scale blockchain..
A bit like an address out there in the physical or digital world, crypto address represents a single destination on the blockchain network acting as a medium of a transaction between a user and a sender. In short, an address is a single-use string of alphanumeric text forming a hashed versions of the private key, which designates cryptocurrency to a particular wallet on the blockchain network.