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…Bitcoin functions as a true P2P system with the goal of eliminating the need for third-party financial institutions as intermediaries, instead having peers work together to secure the network and ensure it works smoothly.Key TakeawayIn a peer-to-peer (P2P) network, each user is a member of and contributes to the network, sharing data and/or tasks.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised …
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…Additionally, hardware wallets are noticeably less convenient for daily transactions, as they need to be physically plugged into a device or linked via a Bluetooth connection before the user can access their digital assets.Key TakeawayA hardware wallet is an offline physical cryptocurrency wallet.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLe…
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…This is why volume and other indicators, like the Relative Strength Index (RSI) or stochastic oscillator, are often used to confirm a breakout’s strength.Traders often use breakouts as entry points for positions in hopes of riding the trend following a breakout.Key TakeawayIn cryptocurrency trading, a breakout occurs when the price of a digital asset moves above a specific resistance level or below a support level with increased volume.Related WordsSolana Program LibraryThe Solana Program Libr…
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…This group of cryptocurrencies is known as ‘altcoins’, which include Ethereum, Cardano, XRP, and Polkadot, to name a few.Key TakeawayCryptocurrency is a peer-to-peer (P2P) digital payment system that relies on cryptography and blockchain technology to verify transactions and maintain security.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLe…
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…Examples of CSS are Skype, Microsoft Office, and MacOS. Examples of open-source crypto projects include Bitcoin Cash (BCH) and Bitcoin SV (BSV), which are modified versions of the original Bitcoin (BTC).Key TakeawayOpen-source is a term used to describe a publicly accessible software programme that users are free to inspect, modify, and share.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised app…
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…A trader may choose to buy more during such an event.Key TakeawayA golden cross indicates a long-term bull market moving forward.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA ‘HODLer’ is someone who holds onto their digital assets long term, regardless of market volatility or price fluctuations.Hierarchical Deterministic (HD) WalletA H…
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…However, the more established an exchange, the more likely it is to offer a variety of digital assets and services like decentralised finance (DeFi), non-fungible token (NFT) trading, and access to decentralised apps (dapps). Learn more about the Crypto.com Exchange here.Key TakeawayA cryptocurrency exchange, also known as a digital currency exchange, is a platform that facilitates the trading of cryptocurrencies.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collectio…
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…These metrics are advisable when looking at a potential NFT purchase, as they paint a fuller picture of its current/past value and popularity.Key TakeawayThe NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA…
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…As it signals a long-term bear market moving forward, a trader may choose to sell more during such an event.Key TakeawayA death cross signals a long-term bear market moving forward.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA ‘HODLer’ is someone who holds onto their digital assets long term, regardless of market volatility or price fl…
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…For example, a wallet address is created from a public key, and only those who have the private key are able to access the account.Key TakeawayRSA (short for Rivest–Shamir–Adleman) is one of the widely used public-key encryption algorithms for secure data transmission and is used to securely transmit messages over the internet.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (da…
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