Author: CryptoPress
UTXO stands for Unspent Transaction Output. In the context of Bitcoin, it refers to the individual units of Bitcoin that have not yet been used or spent in previous transactions. Each UTXO holds a specific value, typically denoted in satoshis, the smallest unit of Bitcoin. These UTXOs are associated with the public key addresses of their recipients, allowing for the traceability and accountability of Bitcoin transactions.
When a user...
APY (Annual Percentage Yield)
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APY, or Annual Percentage Yield, is a measure of the rate of return that users earn when they deposit their funds in different cryptocurrency lending protocols and yield farming platforms. APY includes the effects of compound interest, which can transform low daily or hourly yields into significant amounts over time. Since APY reflects the investment return over one year, advertised rates should only be expected if funds are deposited for...
Celestia Announces Genesis Airdrop: 60 Million TIA Tokens
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Celestia, the first modular data availability network, has announced a Genesis Drop of its native asset, TIA.
The airdrop will distribute a whopping 60 million TIA tokens, constituting 6% of the entire supply.
The airdrop is aimed at incentivizing participation in the Celestia community.
In a strategic move to build the first modular data availability network, Celestia has announced the Genesis Drop. This campaign is designed to...
Crypto Market Update: September 22, 2023
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The cryptocurrency market today is experiencing a mix of ups and downs. The global cryptocurrency market cap stands at $1.12 trillion. Bitcoin continues to dominate the market with a dominance of 47.4%, while Ethereum follows with a dominance of 17.7%.
In recent news, South Korea’s KSTAR facility has achieved a significant milestone in nuclear fusion technology. This development has sparked interest in the crypto community due to its...
Stellar (XLM)
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What is Stellar?
Stellar is a blockchain network developed by the Stellar Development Foundation. The organization’s currency, called the lumen (XLM), is traded under the symbol XLM on various cryptocurrency exchanges. Lumens are designed to be used on the Stellar network to pay transaction and account initialization fees. The network was created to connect banks, payment systems, and people to facilitate low-cost, cross-border,...
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