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…Conversely, when the RSI falls below 30, it indicates that the cryptocurrency may be oversold, presenting a potential buying opportunity.Combining RSI analysis with fundamental research can provide a more comprehensive understanding of an individual cryptocurrency’s potential price movements, as other factors like upcoming token drops or roadmap milestones (upgrades, halvings, etc.) can also influence its price.Key TakeawayThe Relative Strength Index (RSI) is a popular momentum indicator used …
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…Since parachains can work independently of the Polkadot network, they can set their transaction fees according to what they deem fit.Key TakeawayParachains are blockchains used on the Polkadot and Kusama networks, where they are natively integrated.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 d…
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…It allows users of a network to vote in delegates who then validate blocks.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 Hierarchical Deterministic (HD) wallet is a type of cry…
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…Traders also exit based on broader market trends or signals, such as significant news events, changes in market sentiment, or technical indicators showing overbought or oversold conditions.Additional exit strategies include selling portions of holdings to maintain a balanced portfolio, particularly if a cryptocurrency’s value has significantly increased, as well as exiting based on changes in the underlying fundamentals of the cryptocurrency.Key TakeawayCrucial for managing risk and securing p…
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…Validators are also expected to be online and actively participating in the network, and if a validator goes offline or fails to fulfil their duties for an extended period, they can be penalised.Aside from the financial loss, slashing can also harm a validator’s reputation, reducing their chances of being selected as a validator in the future.Key TakeawaySlashing is an essential feature of Proof of Stake (PoS) networks, helping to maintain the security, functionality, and trustworthiness of th…
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…One notable exception is Ethereum 2.0, which has been exploring the integration of VDFs as part of its Casper PoS consensus mechanism.Key TakeawayA Verifiable Delay Function (VDF) is a mathematical puzzle that requires a certain amount of time and computational effort to solve; once solved, its correctness can be efficiently verified by anyone.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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…Additionally, Web2 offers interoperability across different services, improved user interface and user experience from Web1, seamless communication, and proliferation of companies that provide services in exchange for personal data.Applications include social media like Instagram, YouTube, and Meta (Facebook); blogging; voting, tagging; social bookmarking; and podcasting.Key TakeawayWeb2 is the second version of the World Wide Web (WWW) — the current version of the internet — characterised b…
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…Since cryptocurrencies are based on blockchain technology, technical challenges and vulnerabilities like security breaches, software bugs, or network congestion can be introduced, which can lead to sudden price fluctuations.Fear, greed, and market sentiment can also influence cryptocurrency markets, as these emotions can lead to herd behaviour, where traders buy or sell based on the actions of others rather than fundamental analysis.Key TakeawayIn cryptocurrency, volatility refers to the degree …
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…As a result, many countries have implemented regulations and reporting requirements to monitor and track offshore accounts in order to prevent illegal activities and ensure compliance with tax laws.Key TakeawayAn offshore account is a bank account held in a country other than the one in which the account holder resides or where the funds are generated.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentral…
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…This includes using authentication mechanisms, encryption, and other security practices.Key TakeawayRPC, short for Remote Procedure Call, is a mechanism that enables different components of a cryptocurrency network to communicate and interact effectively, facilitating transactions, data retrieval, and network operations.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…
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