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Tag: Glossary

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

Unbanked

Individuals who are unbanked are those who are unable to get basic banking products and services, the majority of whom are from marginalized social groups and are consequently rejected by conventional financial institutions for a variety of reasons. People who have opted not to utilize banks or other standard financial services are also considered unbanked. The majority of the unbanked are often impoverished people who cannot afford or meet...

DeFi, Glossary

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USDC

The USD Coin (USDC) is a digital stablecoin that is linked to the US dollar. It uses the Ethereum, Stellar, Algorand, and Solana blockchains for its operations.  USDC is one of the world’s largest dollar stablecoin asset by market capitalization, with a total worth of 32 billion USD as of October 2021.  The Centre consortium, which comprises the two primary founder members Circle and Coinbase, was the first to produce USDC....

Glossary

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Exchange

A cryptocurrency exchange is a kind of digital currency exchange where users may buy, sell, and swap digital assets for fiat money or other digital assets. They’re comparable to conventional stock exchanges, where users may buy and sell traditional equities via transactions and orders. Cryptocurrency exchanges have come a long way from their early incarnations (which were often unregulated) to offer increased security and accessibility,...

Exchanges, Glossary

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Qr code

QR codes are often used to communicate wallet addresses with others when it comes to cryptocurrency. A Bitcoin address is necessary for users to make or receive payments. A Bitcoin address has the disadvantage of being fairly lengthy and difficult to memorize. By using a Bitcoin QR Generator to turn a Bitcoin address into a QR Code, a user may make and receive crypto payments by simply scanning the QR code. A label may also be attached...

Glossary

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Quantum computing

A quantum computer is a computer that uses quantum physics events to do significantly more efficient calculations than previous, conventional computer technology. The two properties of quantum physics that are employed in quantum calculations are superposition and entanglement. These properties enable quantum computers to perform tasks at rates that are orders of magnitude faster than regular computers while using much less energy. The discipline...

Blockchain, Glossary

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