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Author: CryptoPress

Burned

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When cryptocurrency tokens or coins are purposefully and indefinitely withdrawn from circulation, they are referred to as “burned.” Often blockchain networks use the mechanism of “burning” tokens to encourage network users to buy and invest in protocol-specific tokens. Burning tokens reduces the cumulative total token supply, potentially raising the value of the underlying commodity, which is typically used as a...

DeFi, Glossary

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Bull / bullish

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The word “bullish” refers to a person’s constructive or enthusiastic attitude toward a particular asset. Someone who is optimistic on bitcoin assumes that the value of the currency would rise. A bitcoin “bull” is a human who is bullish on the digital currency.

Glossary

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Block

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A block is the data archive of all transaction history made on a blockchain’s network within a given timeframe. Blocks are sequentially applied to a network’s data chain, forming the public database known as blockchain. A Bitcoin block, for example, includes information about the date, duration, and number of transfers, as well as signature information about the transfer’s origin and destination. Before a chain will begin...

Blockchain, Glossary

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Fair Launch

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The equal and open initial allocation of coins in a blockchain project is known as a fair launch. They are considered a good way to encourage decentralization and participation in the crypto community.

Blockchain, Glossary

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What is Bitcoin's Taproot upgrade?

What is Bitcoin’s Taproot upgrade?

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The decentralized currency market has been growing steadily over the last few years. As the first and major cryptocurrency, Bitcoin (BTC) is now widely used by investors who want to maintain total control of their own funds. But there is still work to be done on improving the network’s scalability and security. Now, an upcoming update called Taproot aims to solve these issues once and for all.  What is Bitcoin’s Taproot...

Bitcoin, Featured, Guides, Main

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