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.

Related Terms

QR Code

Abbreviation "Quick Response Code", QR code is a machine readable optical label that stores up to 3Kb of data

Impermanent Loss

Temporary loss of funds due to volatility leading to divergence in price between token pairs provided by liquidity providers.

Open/Close

The price at which a cryptocurrency opens at a time period, for example at the start of the day; the price at which a cryptocurrency closes at a time period, for example at the end of the day.

Off-chain

It refers to transactions occuring outside the blockchain and executed instantly.

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