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Tag: Glossary

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

What is a DEX?

What is a DEX?

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A decentralized exchange (DEX) is a platform that allows users to trade cryptocurrencies without the need for intermediaries, such as a central authority or third party. These exchanges are built on blockchain technology and give their users a safer and more open place to trade.  A DEX is a peer-to-peer marketplace where transactions occur directly between crypto traders. It lets people do financial transactions without having to deal...

Blockchain, Cryptocurrencies, DEX, Exchanges, Featured, Glossary

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Proof of reserves PoR

What is Proof of Reserves (PoR)?

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Proof of Reserves (PoR) is a method that exchanges use to show that they hold assets like cryptocurrencies and fiat cash. This is important for exchanges because it allows customers to verify that the exchange has the assets it claims to have, which helps to build trust and confidence in the exchange. It is an auditing technique that is provable using cryptographic proofs, checks of public wallet ownership, and recurrent audits to verify an...

Exchanges, Featured, Glossary, Proof of reserves (PoR)

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crypto whale

What Is a crypto whale?

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“Whale” is a word used to describe investors with an enormous amount of cryptocurrency, especially those with enough money to affect the market. Individuals or organizations with substantial crypto holdings are called whales. Due to their immense riches, whales may influence the market. Sell barriers reduce the price of a coin, enabling whales to make inexpensive purchases. Buy barriers compel investors to increase the cost of a...

Featured, Glossary

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Light Node

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What is a light node? A lightweight node contains only a partial list of a blockchain transaction, which usually includes only the block headers, rather than its entire transaction history. The lightweight crypto node is the easiest way to install and use blockchain technology. It is ideal for anyone who wants to get started with cryptocurrencies. The lightweight node provides a low-cost solution for those who want to use cryptocurrencies...

Glossary

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HODL

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Hold On for Dear Life In the context of purchasing and holding Bitcoin and other cryptocurrencies, HODL is a phrase created from a misspelling of “hold.” It has also come to signify “hang on for dear life” among cryptocurrency speculators. HODL as a Strategy HODL, an abbreviation for “hold on for dear life,” signifies a long-term strategy to investing in cryptocurrencies. This approach echoes GameKyuubi’s...

Glossary

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