Crypto Currency Terms you should know

Hello There,

You should know that having seamless trading experience is totally dependent on using the right trading site like Apex Network.

Cryptocurrency, like every new wave comes with it's own terms and vocabularies; knowing them will ease your trading experience.

COMMON CRYPTO TERMS AND VOCABULARIES.

BLOCKCHAIN

Blockchain is a type of Digital Ledger Technology in which transactions are recorded with an immutable cryptographic signature called a hash(#)

ADDRESS

An address is a unique identifier that serves as a virtual location where cryptocurrencies can be sent.

WALLET

Crypto wallet is the place where all your coins are store digitally. Coins can be moved from one wallet to another as authorized by the owners.

VOLATILITY

Volatility is the speed of change of a trading price series over time, usually measured by the standard deviation of logarithmic returns; which is rather high for Cryptocurrencies.

SATOSHI

The smallest denomination of bitcoin, equivalent to 100th billionth of one bitcoin is named after its unknown founder.

MINING

Mining is the process by which new Crypto Coins are entered into circulation,It involves hard work (done by computers) and results in a slow accumulation of resources.

ALT-COIN

This refers 'Alternative coin' that is any cryptocurrency that isn't Bitcoin.