Flashcards

Crypto Basics & Tokenomics

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Decentralization

The concept of distributing power so that no one source has all the power. In crypto, votes are taken from blockchain users on important decisions

Halving

(Bitcoin specific). Every 4 years, the amount of Bitcoin that enters circulation is cut in half. This usually results in high volume swings in Bitcoin price

Market Cap

Multiply the price of each coin/token by the total circulating supply. This is the value of all the coins that have been mined

Proof of Stake

A consensus algorithm that rewards earnings based on the number of coins you own or hold, so the more you invest in the coin, the more you gain by mining with this protocol

Smart Contract

A piece of code that executes the conditions of a contract once certain parameters are met. Not all blockchains have the ability to product smart contracts

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Book Title:Mastering Blockchain

Author(s):Imran Bashir

Edition:2020
ISBN:9781839211379
Edition:Unknown

Institution 1839213191
Course 1839213191

ibrahimfisiru

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