Cryptocurrency

By CoinGecko | Updated on Mar 03, 2020

A form of digital currency that utilizes cryptographic protocols to record ownership, prevent counterfeit (when ownership and transaction gets logged onto the blockchain). Bitcoin is one of the most successful examples which combines peer-to-peer networking, cryptography and incentivization by design to create a cryptocurrency.

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Related Terms

EIP (Ethereum Improvement Proposal)

Refers to improvement proposals for Ethereum, used to introduce features or any updates on the Ethereum network.

Side Chain

A separate blockchain ledger that runs parallel with the primary blockchain.

Airdrop

A way to promote cryptocurrencies by sending some free tokens to traders

Wallet address

The address in which cryptocurrency can be stored, sent to and receive.

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