Cryptocurrency is a form of virtual currency that exists in a decentralized and distributed network, which eliminates the need for centralized institutions to validate transactions. This system has the potential to be more secure than traditional payment systems, which can be subject to theft, fraud, and corruption. The term “cryptocurrency” was coined by Satoshi Nakamoto,…
Blockchain is a decentralized, peer-to-peer network that stores and maintains information in a secure, publicly accessible database. It provides a new model for the internet, similar to how TCP/IP revolutionized the internet by allowing computers to exchange data without the need for a central authority or intermediary. It is a technology that has the potential…
Market cap is a financial term used to describe the total amount of value a company’s shares represent on the open market. It’s calculated by multiplying a company’s number of shares outstanding with its current stock price. It’s the most common method for comparing the size of companies, and it also serves as a metric…
Cryptocurrency is an innovative, decentralized form of value that can be used to purchase and transfer goods and services without the need for a third party. Its underlying technology is the blockchain, a public ledger that records and verifies transactions across a network of computers around the world. Investing in cryptocurrency can be a profitable…
A wallet is a pocket-sized pouch, case or bag used for storing and organizing personal items such as money, credit cards, IDs, transit passes, photographs, business cards etc. They are often made of leather, fabric or synthetic materials and can be folded to fit into a smaller pocket. A good wallet should be functional but…
Ethereum is a blockchain-based computing platform that allows developers to create and deploy decentralized applications. These apps are called Dapps, and they can be used for a wide range of purposes, from simple financial services to democratic decision-making. The blockchain technology that underlies Ethereum is an immutable record of all transactions on the network, which…
Bitcoin is a new form of currency that uses peer-to-peer technology and cryptography to solve a major problem in commerce on the internet: How do you transfer value without a trusted intermediary? By removing the role of banks and payment processors, Bitcoin creates potential for an open financial system that is more efficient, free, and…
Smart contracts are a fundamental component of many platforms and applications built using blockchain or distributed ledger technology. They can be used for a variety of use cases including tokenized assets, voting processes, digital wallets, decentralized exchanges and gaming. In essence, a smart contract is a program that executes automatically based on if-then logic. Typically,…
A cryptocurrency is a digital asset that is secured by cryptography. This makes it nearly impossible to counterfeit or double-spend, and it is theoretically immune to government interference and manipulation. While cryptocurrencies are growing in popularity, there are many things you should know before investing in them. These include the risks involved and whether they…
A secure transaction ledger database shared by a network of computers, the blockchain eliminates the need for third-party intermediaries such as payment processors. Instead, transactions are recorded on a distributed network and verified by computer algorithms. A digital currency such as Bitcoin or Ethereum is an example of how blockchain technology can be used to…