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Confirmation

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Confirmation is the process of verifying or proving something. Confirmation is a metric used in the cryptocurrency industry to determine how many blocks have elapsed since a transaction was uploaded to a coin’s blockchain. The higher the number of confirmations, the more safe the transaction is. When it comes to minor transactions, buyers and sellers may agree to wait for zero transactions, while parties involved in bigger deals...

Blockchain, Glossary

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Jack Dorsey

Jack Dorsey

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Whom?  Jack Dorsey, is an American businessman and web developer, co-founder and ex-CEO of Twitter with Evan Williams and Cristopher Stone. Born on November 19, 1976, under the zodiac sign of Sagittarius, in St. Louis, Missouri.  Jack showed a great interest in technology as a child, at the age of 14 he designed and developed software for the logistics area that is used by taxi companies to this day.  After his teens,...

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Justin Sun

Justin Sun

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Whom? Justin Sun, born July 10, 1990, is a well-known serial entrepreneur in the blockchain industry. He is the founder of TRON Foundation and has served as the CEO of Rainberry Inc dba BitTorrent since June 2018.   Justin earned an MA from UPenn in 2013 and a BA in History from Peking University in 2011. He holds an MA from the University of Pennsylvania specializing in political economy. Before the ambitious Tron...

dApps

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KYC

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This procedure, which stands for “Know Your Customer“, refers to a financial institution’s responsibility to verify the identity of individuals who utilize its platform. KYC, or Know Your Client, is an important component of anti-money laundering and anti-terrorism funding efforts. KYC is a common procedure in the financial sector that ensures advisers are aware of particular facts about their customers, and it goes...

Glossary

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Kimchi Premium

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Kimchi premium is a phenomenon that occurs on South Korean cryptocurrency exchanges, where some tokens’ valuations are greater than on other international platforms. In South Korea, the kimchi premium phenomenon may be seen as a profitable opportunity for traders. However, in order to really secure profits, traders must buy tokens such as Bitcoin on an exchange outside of South Korea and sell them on a Korean exchange like Upbit or...

Glossary, Trading

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