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Bitcoin
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=== Glossary === Here's a glossary of key terms commonly used in the cryptocurrency and blockchain space: # '''Blockchain:''' A digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. # '''Bitcoin (BTC):''' The first and most well-known cryptocurrency, which introduced blockchain technology. # '''Ethereum (ETH):''' A blockchain platform known for its smart contract functionality, allowing developers to build decentralised applications. # '''Smart Contract:''' A self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. # '''Ripple (XRP):''' A digital payment protocol and cryptocurrency known for its digital payment protocol more than its cryptocurrency. # '''Litecoin (LTC):''' A peer-to-peer cryptocurrency often considered the silver to Bitcoin's gold. # '''Cardano (ADA):''' A blockchain platform that aims to be a more secure and scalable infrastructure for developing decentralised applications and smart contracts. # '''Polkadot (DOT):''' A multi-chain interchange and translation architecture which allows customised side-chains to connect with public blockchains. # '''Chainlink (LINK):''' A decentralised oracle network designed to connect blockchain-based smart contracts to external data sources. # '''Binance Coin (BNB):''' Originally a utility token for the Binance cryptocurrency exchange, now used to power its ecosystem. # '''Solana (SOL):''' A high-performance blockchain supporting builders around the world creating crypto apps that scale today. # '''Dogecoin (DOGE):''' A cryptocurrency that started as a meme but grew to have a large online community and real-world usage. # '''Uniswap (UNI):''' A popular decentralised trading protocol, known for facilitating automated trading of decentralised finance (DeFi) tokens. # '''Monero (XMR):''' A privacy-focused cryptocurrency that obfuscates sender, recipient, and amount in transactions. # '''Proof of Work (PoW):''' A consensus mechanism that requires participants to perform computationally intensive tasks to validate transactions and create new blocks. # '''Proof of Stake (PoS):''' A consensus mechanism where validators are chosen to create new blocks based on the number of coins they hold and are willing to "stake" as collateral. # '''Decentralised Finance (DeFi):''' Financial services, including lending, borrowing, and trading, provided on a decentralised network typically built on blockchain technology. # '''Non-Fungible Token (NFT):''' A type of cryptographic token on a blockchain that represents a unique asset, such as digital art, collectibles, or real estate. # '''Cryptocurrency Wallet:''' A digital wallet used to store, send, and receive cryptocurrencies like Bitcoin and Ethereum. # '''Decentralised Applications (dApps):''' Digital applications or programs that exist and run on a blockchain or peer-to-peer network of computers instead of a single computer, and are outside the purview and control of a single authority.
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