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Tag: Glossary

Glossary of commonly found crypto terms, acronyms, profiles, and useful resources.

Altcoin

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The term “altcoin” refers to any cryptocurrency that isn’t Bitcoin – a digital money that isn’t Bitcoin. Because Bitcoin was the first cryptocurrency, each subsequent cryptocurrency was considered an “alternative.” Ethereum, XRP, Litecoin, Cardano, and Dogecoin are some of the most well-known cryptocurrencies. Altcoin traders often trade enormous volumes of altcoins every day in the hopes of making quick...

Ethereum, Glossary

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Airdrop

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Airdrop is a marketing campaign that distributes a specific cryptocurrency or token to an audience. In order for airdrops to be successful, they need to have subscribers and participants who are willing to take the time to claim the tokens that have been distributed by the airdrop. Airdrops are originated in order to increase the popularity of a certain coin and to attract more people to take interest in that coin. The Airdrop distribution...

Blockchain, Glossary

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Guide to Cryptocurrencies: What is a Fork?

Guide to Cryptocurrencies: What is a Fork?

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What is a fork? In the cryptocurrency space, a fork is a change to the code of a cryptocurrency’s blockchain. Forks occur when two or more developers start from a single set of code and create two different versions of it. Developers can do this if they want to make changes to an existing protocol. It typically occurs when there is a disagreement among the people developing the cryptocurrency. They can also do this to test new ideas or to...

Cryptocurrencies, Ethereum, Glossary

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