Sommainly

Jul 23, 2024 08:05

What is the primary distinction between bitcoin and NFTs?

Non-fungible tokens (NFTs) are blockchain tokens that are not interchangeable in general. Bitcoin, on the other hand, is a fungible token, which means that one bitcoin can be easily swapped for another bitcoin, much like one Canadian dollar can be...

Sailve03

Jul 23, 2024 02:21

How does the supply limit of Bitcoin compare to Ethereum's supply model?

The supply limit of Bitcoin and Ethereum represents a fundamental difference between the two cryptocurrencies. Bitcoin has a fixed supply limit of 21 million coins, which is hard-coded into its protocol. This finite cap is central to Bitcoin's value...

Gorman

Jul 22, 2024 09:20

What are the Automated market makers (AMMs)?

Automated market makers (AMMs) are decentralized finance (DeFi) protocols that allow traders to buy and sell cryptocurrencies without the need for traditional order books. Instead, AMMs use algorithms to determine asset prices based on the ratio of...

Thady1987

Jul 22, 2024 05:57

What is papper wallet?

A hard copy containing bitcoin wallet information such as bitcoin addresses and their corresponding private keys. Paper wallets are often used to store bitcoins securely in a non-software capacity.

Porter

Jul 19, 2024 14:42

What is cryptocurrency mining?

A computer mines cryptocurrency by performing specific tasks in exchange for a small amount of bitcoin. Cryptocurrency mining is analogous to mining other commodities: it requires work and gradually generates new money at a rate similar to how gold...

Hogle

Jul 19, 2024 08:31

What is cryptocurrency script?

Crypto Script, also known as cryptocurrency script or script language, refers to the programming language used to write smart contracts and create customized transactions in blockchain-based cryptocurrencies. It provides a set of instructions that...

Backis44

Jul 18, 2024 12:46

What is a spot market?

A spot market enables traders to buy and sell assets at current market prices. Crypto spot market transactions are settled on the spot immediately after both the buyer's and seller's orders are filled. Buyers, sellers, and an order book are all...

McPeak

Jul 18, 2024 12:29

What is theta?

Theta is a piece of software that encourages a global network of computers to run a decentralized video streaming platform. Users now pay CDNs, which are geographically dispersed networks of operators, to deliver video streams. There are geographical...

Maded1954

Jul 17, 2024 12:54

How does the Tezos blockchain work?

Tezos is a blockchain platform that operates on a unique consensus mechanism known as "Liquid Proof-of-Stake" (LPoS). It was designed to address some of the issues commonly associated with other blockchain networks, such as scalability and...

Barros

Jul 17, 2024 12:24

What is bitcoin mining?

Bitcoin mining is the process by which Bitcoin network participants achieve agreement on the next block of transactions to be added to the Bitcoin blockchain. For each new block, a group of users known as "miners" compete to solve a cryptographic...