BIRIZON ACADEMY

Address

A crypto address is a string of characters that represents a wallet that can send and receive cryptocurrency. It is similar to a real-life address, email, or website.

Altcoins

Any cryptocurrency other than Bitcoin is referred to as a "altcoin".

Artificial intelligence trading

This plan is simply the buy and selling of almost all types of cryptocurrency with the help of AI technology at faster response time.

Blockchain

Blockchain is a method of storing data that makes it difficult or impossible to manipulate, hack, or cheat the system. A blockchain is a digital ledger of transactions that is duplicated and distributed across the blockchain's entire network of computer systems.

Block

A block is a location in a blockchain where data is encrypted and stored. Long numbers are used to identify blocks, which include encrypted transaction data from previous blocks as well as new transaction data.

Bitcoin

Bitcoin is a cryptocurrency, a virtual currency, that is designed to act as money and a form of payment while remaining independent of any single person, group, or entity, eliminating the need for third-party involvement in financial transactions. It is given to blockchain miners in exchange for their efforts in verifying transactions and can be bought on several exchanges.

Satoshi Nakamoto, an anonymous developer or group of developers, first announced Bitcoin to the public in 2009.

It has since become the world's most well-known cryptocurrency. Many other cryptocurrencies have sprung up as a result of its popularity.

Crypto currency?

Cryptocurrency, also known as crypto-currency or crypto, is any type of digital or virtual currency that uses cryptography to secure transactions. Cryptocurrencies operate without a central issuing or regulating authority, instead relying on a decentralized system to track transactions and create new units.

Cryptography

The study of secure communications techniques that allow only the sender and intended recipient of a message to view its contents is known as cryptography. The word "kryptos" comes from the Greek word "kryptos," which means "hidden."

Cryptocurrency exchanges

These are a digital market centres where you can purchase and trade crypto assets.

Centralized

The process of centralization refers to the concentration of planning and decision-making activities within an organization to a single leader or location.

Decentralized

Decentralization or decentralisation is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group.

Decentralized applications

Decentralized applications (dApps) are digital programs or applications that run on a blockchain or peer-to-peer (P2P) network of computers rather than a single computer. DApps (also known as "dapps") exist outside of the control of a single authority. DApps, which are commonly built on the Ethereum platform, can be used for a wide range of purposes, including gaming, finance, and social media.

Decentralized Autonomous Organization (DAO)

Virtual currencies make use of the decentralized status to attain levels of privacy and security that are typically unavailable to standard currencies and their transactions.

Inspired by the decentralization of cryptocurrencies, a group of developers came up with the idea for a decentralized autonomous organization, or DAO, in 2016

The DAO was created to be a decentralized and automated organization. It functioned as an open-source venture capital fund, with no traditional management structure or board of directors. The DAO was not affiliated with any nation-state in order to be fully decentralized, even though it used the Ethereum network.

Decentralized exchange(DEX)

A decentralized exchange (or DEX) is a peer-to-peer marketplace where cryptocurrency traders can transact directly with one another.

Decentralized Finance (DeFi)

Decentralized finance eliminates middlemen by allowing individuals, businesses, and merchants to conduct financial transactions using emerging technology. This is done through peer-to-peer financial networks that make use of security protocols, connectivity, software, and hardware advancements.

Digital token

A coupon may entitle you to a complimentary beverage. A hundred dollars could be worth a casino chip. In the same way, a digital token works. It represents a specific amount of digital resources that you can own, assign to others, or redeem later.

Fungible

Being something (like money or a commodity) that allows one part or quantity to be replaced by another equal part or quantity when paying a debt or settling an account. Simply means it is interchangeable.

Gas fee

Gas fees are payments made by users to compensate for the computing energy required to process and validate transactions on the blockchain. "Gas limit" refers to the maximum amount of gas (or energy) that you're willing to spend on a particular transaction.

A Hash

A hash is a function that solves the encrypted demands for a blockchain computation.

Liquidity

The efficiency or ease with which an asset or security can be transferred into ready cash without affecting its market price.

Metaverse

The metaverse is an immersive, interactive environment generated by a computer that has recently been connected to the blockchain network of private ownership.

Mining

mining is the process that Bitcoin and several other cryptocurrencies use to generate new coins and verify new transactions. It involves massive, decentralized networks of computers all over the world that verify and secure blockchains, or virtual ledgers that record cryptocurrency transactions. Computers on the network are rewarded with new coins in return for contributing their processing power.

NFT's

This means Non-fungible token.

"Non-fungible" essentially means that it is one-of-a-kind and cannot be replaced. A bitcoin, for example, is fungible, meaning you can exchange one for another and get exactly the same thing. However, a one-of-a-kind trading card is not fungible.

Open source

Open source for blockchain means that it is a very public, transparent way to keep records.

Peer to peer(P2P)

When two or more PCs are connected and share resources without going through a separate server computer.

Proof of Stake

Proof-of-stake is a cryptocurrency consensus mechanism for processing transactions and creating new blocks in a blockchain.

Proof of work

Proof of work (PoW) is a system that requires a reasonable amount of effort to deter frivolous or malicious uses of computing power, such as sending spam emails or launching denial of service attacks.

Satoshi

The smallest unit of the cryptocurrency bitcoin is the satoshi. It is named after Satoshi Nakamoto, the creator of the blockchain protocol and the bitcoin cryptocurrency. The satoshi to bitcoin ratio is one bitcoin to 100 million satoshis.

Smart contracts

Smart contracts are blockchain-based digital contracts that are automatically executed when certain terms and conditions are met.

Stablecoins

A stablecoin is a type of cryptocurrency that is backed by a reserve asset and aims to provide price stability. Stablecoins have gained popularity as they attempt to combine the best of both worlds: the instant processing and security or privacy of cryptocurrency payments, as well as the volatility-free and stable valuations of fiat currencies.

Transaction fee

A transaction fee is a fee that a business must pay each time a customer's payment is processed. The transaction fee will be different depending on the service.

Wallet

A cryptocurrency wallet is an application that lets a user store and accesses their digital assets. You don't need a wallet to spend your cash, but it does help to keep it all in one place. A user can store cryptocurrency, such as bitcoins, in a cryptocurrency wallet and use it to make transactions from there.