Cryptocurrency
By CoinGecko | Updated on Mar 03, 2020
A form of digital currency that utilizes cryptographic protocols to record ownership, prevent counterfeit (when ownership and transaction gets logged onto the blockchain). Bitcoin is one of the most successful examples which combines peer-to-peer networking, cryptography and incentivization by design to create a cryptocurrency.
Related Terms
Decentralized Finance (DeFi)
Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free.
Altcoin
Coins althernative to Bitcoin
All-Time-Low (ATL)
The lowest point (in price, in market capitalization) that a cryptocurrency has been in history.
Block Confirmation
Refers to the number of confirmation a particular block has. Each block ahead of the referenced block adds one block confirmation to it.
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