Top terms in the crypto world

In order to start investing in the crypto economy, there are some terms you need to know. In this article, you will get to know the most important terms. Keep reading and do the right investment!

In order to start investing in the crypto economy, there are some terms you need to know. In this article, you will get to know the most important terms. Keep reading and do the right investment!

The universe of cryptocurrencies, at times, can be somewhat complex due to the number of terms that are used, for this reason, knowing some terms can be very helpful.

Bitcoin
When talking about Bitcoin, it can be done in two contexts, on the one hand the famous virtual currency, created in 2009, with which this entire universe of virtual currencies began. On the other hand, in some contexts it is used as a generic name synonymous with cryptocurrency or cryptocurrency.

Distributed databases

Distributed databases

It is a large number of databases that are in different places, independent but connected between them and without being managed by a single administrator. In this way, thanks to the distributed ledger (as it is called in English) it is one of the ways to guarantee the independence that these cryptocurrencies display.

Bear market / bearish
It is the expectation of a decrease in prices in the market, so if prices fall, it may be interesting for a potential buyer. However, it is a term that no one interested in selling will want to hear. The opposite term, upward expectation, is known as bull market / bullish.

Blockchain

Blockchain


It is a single record that is distributed through a network in several nodes that acts as an accounting record book, in which the different operations that are carried out are recorded, although guaranteeing the anonymity of the people who are carrying out the transactions.

Open Source
Another of the key terms when talking about the Internet and the collaborative economy. It is simply that contrary to what happens in the traditional economic and business sector in which business secrecy dominates, here it is a contrary philosophy. The configuration or code is open, so it is accessible by everyone who wants to access it. Everyone is free to make the modifications they want.

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