Etherscan
Tokens built on the Ethereum network must adhere to the ERC-20 standard in order to be considered “fungible.” In contrast to the more well-known non-fungible tokens (NFTs), a fungible token may be exchanged for another token of the same kind. Etherscan is a block explorer that exposes information about the Ethereum blockchain, including transactions, smart […]
ERC-20
ERC-20 provides a standard means of exchanging tokens that may interact with smart contracts. Tokens in this context are symbols that may be exchanged for anything else, such as assets, rights, ownerships, access, cryptocurrencies, or anything else that is not really unique. Tokens representing one of these things, coupled with smart contracts, may be traded […]
Decentralized Finance
The term “decentralized finance” (DeFi) refers to a new kind of digital currency that operates on the same trustless distributed ledgers as bitcoin. As a result of this system, financial institutions no longer have sway over our currency, financial goods, or financial services.
Day Trading
Buying and selling securities twice in one trading day is sometimes referred to as “day trading.” Although it may happen in any market, the FX and stock markets are particularly vulnerable. Individuals that engage in day trading tend to be well educated and financially secure. They trade with a lot of borrowed money and a […]
Cryptocurrency Arbitrage
A method of making money in the stock market that involves buying and selling cryptocurrency at the same time. The idea is to gain money by taking advantage of price differences across cryptocurrency exchanges.
Cryptocurrency Pairs
Each asset in a cryptocurrency pair may be valued independently of the other without resorting to fiat currency. The crypto economy and liquidity cannot function without trading pairs.
Cryptocurrency
Cryptocurrencies are encrypted digital or virtual currency designed to prevent counterfeiting and double-spending. Numerous cryptocurrency networks rely on blockchain technology, a distributed ledger maintained by a dispersed network of computers. Cryptocurrencies differ from conventional currencies because they are not issued by a central authority, making them potentially resistant to government interference or manipulation.
Custody
Guarding the secret code that verifies your identity and access to your cryptocurrency. By definition, in the world of conventional banking, custodians must be banks or other such entities. Bitcoin and other cryptocurrencies, however, allow its owners to act as their own de facto bank.
Centralized
“Centralized Cryptocurrency Exchange” refers to an arrangement where a third party acts as an intermediary in buying and selling cryptocurrencies. This intermediary has the confidence of both buyers and sellers while dealing with their assets. This is typical when a consumer gives a bank permission to retain their funds.
CBDC
Digital representations of current fiat currencies are subject to the same influences of inflation and deflation as their physical counterparts. They do not have the same trustless, decentralized qualities as cryptocurrencies.