Central Bank Digital Currency (CBDC)
What is Central Bank Digital Currency (CBDC)? Central Bank Digital Currency (CBDC) is a form of fiat currency issued by the central banks of various countries. A fiat currency is considered any form of currency that is not backed by an underlying physical commodity. This digital fiat currency is issued by central banks in token...
NFTs
What is an NFT? NFT is an acronym for Non-Fungible Token, a digital token that is highly unique that is commonly used to prove ownership and authenticity for an underlying asset, digital or physical. NFTs are a form of digital signature that is publicly verifiable because it is stored on a distributed digital ledger, called...
Minting Crypto
What is Minting Crypto? Minting crypto is the process of generating new coins by authenticating data, creating new blocks, and recording the information onto the blockchain through a “proof of stake” protocol. Both new units of a cryptocurrency and Non-Fungible Tokens (NFTs) can be minted this way. Newly minted cryptocurrency is added to the circulation...
Zcash
What is Zcash? Zcash is a cryptocurrency built on a decentralized blockchain that uses advanced applied cryptography to provide enhanced security and privacy through shielded addresses. It was originally built on an open-source code similar to Bitcoin. Zcash is mainly focused on anonymity, which is realized through the use of the zk-SNARKs, a specific type...
Dogecoin
What is Dogecoin? Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency that was made as a parody of the crypto market following the establishment of Bitcoin. It was originally created as a light-hearted joke for crypto enthusiasts, but it quickly exploded to be one of the leading cryptocurrencies in use today. Dogecoin’s brand logo is based...
Hot Wallet
What is a Hot Wallet? A hot wallet refers to a virtual currency wallet that is accessible online, and it facilitates cryptocurrency transactions between the owner and end-users. A collection of private keys stored on a program connected to the internet is used to store and send different currencies such as Bitcoin. By storing and...
HODL
What is “HODL”? “HODL” is a term that is often used in the Bitcoin investment community. It is a misspelling of “hold,” with an interesting story behind it. The term also spread to the communities of other cryptocurrencies. It is not only a popular term but is also considered an investment strategy. The Story of...
ICON Cryptocurrency (ICX)
What is ICON Cryptocurrency (ICX)? The ICON Cryptocurrency (ICX) is a cryptocurrency network that was launched in 2017 by a company based in South Korea. ICX is the associated cryptocurrency token or coin. ICON is actually a complete blockchain network, with the primary purpose of facilitating the connection and interaction of various blockchain software programs...
Hashed Timelock Contract (HTLC)
What is a Hashed Timelock Contract (HTLC)? A Hashed Timelock Contract (HTLC) is a transactional agreement used in the cryptocurrency industry to produce conditional payments. It is basically a payment wherein the receiver or the beneficiary is required to acknowledge the receipt of payment before a predetermined time or a preset deadline. The receiver is...
Simple Agreement for Future Tokens (SAFT)
What is a Simple Agreement for Future Tokens (SAFT)? A simple agreement for future tokens, commonly referred to as the SAFT, is a contractual investment agreement in the domain of cryptocurrencies between crypto developers and its authorized investors. It is a contractual investment agreement that involves the agreement of the authorized investors to finance the...
