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SAFU

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(Secure Asset Fund for Users) This ensures that an emergency fund is held to safeguard all funds that have been deposited. In the case of a hack or other event resulting in the destruction of user properties, this money will be used to reimburse investors. SAFU has become a security standard that aims to balance the volatility and exposure that the cryptocurrency world has to the risk of losing assets. Various cryptocurrency...

Glossary

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PrimeXBT Principal Analyst: Solana (SOL), Crypto's Dark Horse Seeking to Challenge Ethereum (ETH)

PrimeXBT Principal Analyst: Solana (SOL), Crypto’s Dark Horse Seeking to Challenge Ethereum (ETH)

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Among the top 20 coins that fell victim to crypto bloodshed last week, one coin managed to survive relatively unscathed: Solana Blockchain (SOL). Not only was it not a victim of the carnage, SOL even managed to make a profit of around 60% for the week, a very impressive record when most other coins were posting losses of between 20% and 50%. In fact, SOL also managed to post a record daily percentage gain in Sunday’s sell-off that...

Ethereum, Trading

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Is Ripple Going To IPO?

Is Ripple Going To IPO?

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A leading cryptocurrency company, Ripple has not given up plans to launch an IPO despite the recent legal battle with the regulators in the US. The former chairman of SBI Group (Strategic Business Innovator Group, the group of financial services companies behind Ripple based in Tokyo, Japan) said that no regulatory framework yet exists for this market and there is no “focused regime” in place like traditional financial markets or securities...

Cryptocurrencies, Featured, News

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Fiat (Currency)

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Fiat currency is “legal tender” that is guaranteed by the federal government and has its own financial structure, such as fractional reserve banking. It may be in the form of hard cash or electronic representations, such as bank credit. It serves as a means of trade, a store of value, and a unit of account as a government-regulated instrument. Money must be robust, compact, divisible, uniform, permissible, and small in quantity in order to...

Glossary

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Finality rate

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Finality is a blockchain condition (or status) that happens when a blockchain transaction has been authenticated and cannot be canceled, revoked, or changed by all network members. The finality rate is the time it takes for a contract to enter its final state after it has been completed. Depending on the blockchain in question, as well as the sense in which this word is used, this rate can be calculated in seconds or blocks.

Blockchain, Glossary

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