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What are some common terms in the ARK Nova glossary related to cryptocurrency?

avatarAlouraApr 25, 2022 · 3 years ago1 answers

Can you provide a list of common terms in the ARK Nova glossary that are related to cryptocurrency? I'm looking to expand my knowledge in this area.

What are some common terms in the ARK Nova glossary related to cryptocurrency?
Cryptocurrency
ARK Nova Glossary
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  • avatarApr 25, 2022 · 3 years ago
    Absolutely! Here are some common terms you'll find in the ARK Nova glossary related to cryptocurrency: 1. Blockchain: A decentralized ledger that records transactions. 2. Cryptocurrency: Digital or virtual currency that uses cryptography for security. 3. Wallet: A digital tool used to store and manage cryptocurrencies. 4. Mining: The process of validating and adding transactions to the blockchain. 5. ICO: Initial Coin Offering, a fundraising method used by startups to raise funds for new cryptocurrencies. 6. Exchange: A platform where cryptocurrencies can be bought, sold, and traded. 7. Smart contract: Self-executing contracts with predefined conditions written in code. 8. Token: A digital asset issued by a project on the blockchain. 9. Fork: A split in the blockchain resulting in two separate chains. 10. HODL: A slang term for holding onto cryptocurrencies instead of selling them. I hope this helps! Let me know if you have any other questions.

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