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Cryptocurrency and Blockchain

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates on decentralized networks based on blockchain technology.

Short Crypto Vocabulary:


Blockchain: A decentralized ledger of all transactions across a network. It ensures transparency and security.
Wallet: A digital tool to store and manage cryptocurrencies.
Private Key: A secret key used to authorize cryptocurrency transactions.
Public Key: An address used to receive cryptocurrencies.
Smart Contract: Self-executing contracts with the terms directly written into code.
Token: A digital asset created on a blockchain.

FAQ

  • What is a Liquidity Pool?

    A liquidity pool is a collection of funds locked in a smart contract that provides liquidity for decentralized exchanges (DEXs). It enables automated trading by ensuring there is always liquidity available, typically incentivized by earning transaction fees or rewards.

  • What is CeFi and DeFi?

    CeFi (Centralized Finance): Financial services offered through centralized institutions like exchanges, where users' funds and data are managed by a central authority. DeFi (Decentralized Finance): Financial services using smart contracts on blockchain technology, removing intermediaries and offering services like lending, borrowing, and trading in a decentralized manner

  • What is a Pre-Sale?

    A pre-sale is an event before a cryptocurrency project’s public launch, where early investors can purchase tokens at a discounted rate. This helps projects raise funds and build a community.

  • What is a Launchpad?

    A launchpad is a platform that helps new cryptocurrency projects raise capital and launch their tokens. It provides investors with early access to tokens and projects with necessary funding and marketing support.

  • What is IDO, ICO, IGO in Crypto?

    ICO (Initial Coin Offering): A fundraising method where a project sells tokens to early investors before going public. IDO (Initial DEX Offering): A fundraising method conducted on a decentralized exchange, ensuring immediate trading and liquidity. IGO (Initial Game Offering): Similar to an ICO but specifically for gaming projects, offering early access to in-game assets or tokens.

  • What is Stablecoin?

    Stablecoins are cryptocurrencies pegged to a stable asset, like fiat currency (e.g., USD), to minimize price volatility. They are used for trading, lending, and as a store of value.

  • What is an Altcoin?

    Altcoins are cryptocurrencies other than Bitcoin. They offer alternative features and improvements. Examples include Ethereum (ETH), Ripple (XRP), and Litecoin (LTC).

  • What is Staking?

    Staking involves holding and locking up a certain amount of cryptocurrency in a wallet to support network operations like transaction validation, in return for rewards.

  • What is Copy Trading?

    Copy trading allows investors to automatically copy the trades of experienced traders, leveraging their expertise to potentially achieve similar returns.

  • What is P2P?

    P2P (Peer-to-Peer) refers to direct transactions between users without intermediaries. In crypto, P2P platforms facilitate direct buying and selling of cryptocurrencies between individuals.

  • What are Cold Wallets?

    Cold wallets are offline storage solutions for cryptocurrencies, providing high security against hacks and theft. Examples include hardware wallets and paper wallets.

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