Glossary

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1HR

1HR in crypto trading refers to one hour of cryptocurrency trading data collected in real-time and presented as a candlestick. It is one of the most used time frames opted for by cryptocurrency traders who use technical analysis to generate signals.

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B

Bitcoin ATM

A Bitcoin ATM is a device that allows the public to purchase Bitcoin with deposited cash. It differs slightly from standard ATMs from which you withdraw cash. The similarity is in the look of the machine.  Bitcoin ATMs allow you to purchase crypto using cash and the crypto gets deposited into your crypto wallet, which you would typically provide using QR Code. 

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C

Consortium Blockchain

A consortium blockchain is a permissioned ledger where information can only be shared with a small group of members. A few select nodes also govern the federated ledger.

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Core Wallet

A core wallet is a type of cryptocurrency wallet that holds all the records of a ledger. Like other crypto and Bitcoin wallets, a core wallet allows users to receive, store, and send the ledger's cryptocurrency, allowing users to interact freely with the network.

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Cryptography 

Cryptography is the science of how data or information is converted to a secret format to be transmitted securely between two parties. The process of converting the data into this format is called encryption. It ensures that the recipient, who has the keys to accessing the information, is the only one that can decrypt the data. 

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D

Decentralized Autonomous Initial Coin Offerings (DAICO)

A Decentralized Autonomous Initial Coin Offerings (DAICO) is a crypto funding implementation first forwarded by Vitalik Buterin of Ethereum, whose objective is to raise funds for potential startups, distribute the project's tokens, all while keeping investors' funds secure in a trustless environment while concurrently offering protection against fraud.

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Distributed Network

Distributed network systems spread out computer programming, software, or data across multiple computers, which communicate and depend on each other to sustain the network. The distributed network architecture creates a control system while distributing the load. 

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H

Hal Finney

Hal Finney was a Bitcoin supporter, a revered cryptographer and cypherpunk, and a gifted computer scientist. He was the first person to run the Bitcoin software in 2009, setting a firm base for the network and helping it "stand up". On his first encounter with the Bitcoin software, he is famously quoted as saying it presented a very promising idea.

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M

Max Supply

The maximum supply refers to the total number of available units of a particular product or asset. Notably, it is a common term in cryptocurrency circles. This fact is because they have a decentralized issuance model.

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MetaMask

MetaMask is a popular and secure browser extension wallet allowing users to interact with Ethereum and other Ethereum Virtual Machine (EVM) blockchains. The wallet can store ETH, ERC-20 tokens, and coins and tokens of other EVM-compatible blockchains like BNB and BEP-20 tokens. MetaMask can also securely store NFT tokens minted on supported networks. 

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Mineable

Cryptocurrency mining is a novel concept in monetary terms. Crypto mining is a technique by which new coins or tokens are added into circulation without relying on a centralized printer like fiat currencies.

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Mining Difficulty

Mining difficulty is a metric to show how "hard" or time-consuming it is for a mining pool, miner, or operator to solve a cryptographic puzzle—that is mine, confirming that the content of a block is valid within a pre-programmed period. Often, mining difficulty is associated with computing power. The more difficult it is to mine—or solve a cryptographic puzzle—the more computing power it requires for the mining pool or node operator to dispense.

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P

Pair

A pair in cryptocurrency trading are two assets that can be exchanged for each other in an exchange, allowing users to compare spot prices between different cryptocurrencies. A trader will always consider a pair before changing one coin for another, making profits, or taking advantage of arbitrage opportunities.

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R

Raiden Network

The Raiden Network is a layer-2 scaling solution for Ethereum that adopts the same principles as Bitcoin's Lightning Network. The Offchain scaling solution is designed to enable fast, low-fee, and immediate payments using Ethereum's ERC-20 tokens. 

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S

Scrypt

Scrypt is a password-based essential derivation function and a proof-of-work consensus hash function used for mining certain cryptocurrencies. It is another secure alternative to SHA-256 used by Bitcoin and has been widely adopted by leading blockchains, mainly Litecoin. The algorithm allows miners to contribute work for a chance to confirm a block of transactions and receive rewards.

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Security Token

A security token in cryptocurrency represents a certain form of ownership of the underlying business, tokenized and existing in the blockchain. Security tokens can be considered tokenized pieces of valuable real-world assets in the blockchain. What precisely this asset entails varies between issuing companies. However, a security token can represent shares or a claim of ownership—as mentioned above, of the issuing company. 

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T

Tor

Tor is a popular web browser primarily used for anonymous internet surfing and protection against traffic analysis. Incidentally, the U.S. Navy originally designed Tor as a means to protect sensitive U.S. government information. Today, it is synonymous with the dark web, illicit activity, and free internet activists seeking to escape surveillance. 

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W

What is Yield Farming? 

Yield farming is a popular activity in the era of decentralized finance. It refers to depositing coins or tokens with a decentralized platform to earn rewards. Different decentralized platforms have varying rewards, making it a competitive search. Therefore, investors farm for yield where they think they are best placed to earn the most.

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