A smart contract is self executing contract where the terms and conditions are defined and enforced using software. Smart contracts are generally stored and secured using blockchain technology.
Cryptocurrency is a general name referring to all encrypted decentralized digital currencies like Bitcoin.
Cryptocurrency uses cryptography to create coins and secure transactions. Typically cryptocurrencies are open source with pubic, but encrypted ledgers of all transactions.
There are a number of cryptocurrencies traded in markets, and the growing popularity means that despite volatile prices, market caps and values are growing every year.
Popular cryptocurrencies include the original Bitcoin, Ethereum’s Ether, and Litecoin.
Cryptocurrency is legal and taxable in the US, but it isn’t legal tender (you can’t pay your taxes in Bitcoin). With that said, due to its infancy and history so far, cryptocurrencies should be invested in and used with their historical volatility in mind.
Click on any of the pages below to learn more about cryptocurrency.
Bitcoin (BTC) is a digital asset, specifically a “cryptocurrency.” Bitcoin transactions are recorded on a decentralized and distributed digital public ledger called a blockchain.
The Stellar network is a distributed blockchain based ledger and database that facilitates cross-asset transfers of value, including payments. The native digital asset of Stellar is called Lumens (XLM).
Fiat money (or fiat currency) is currency that a government has declared to be legal tender. Cryptocurrency is not legal tender and not backed by a government.
To buy Ripple you’ll either need to use an exchange that trades Ripple for dollars, or you’ll need to buy Bitcoin or Ethereum first and trade it for Ripple on an exchange that allows that.
Here is a quick guide to cryptocurrency terms. We define technical terms, slang, and acronyms related to cryptocurrency.
To get “free coins” from a Bitcoin fork, you need to have Bitcoin on a platform that supports the fork before the block height at which the fork occurs.
On this page we present a list of things you can buy with Bitcoin and other cryptocurrencies (like Litecoin, Ethereum, etc).
In cryptocurrency, it can take a while for transactions to complete. This is especially true if you are sending cryptocurrency between exchanges.
In cryptocurrency, the term “trading pairs” describes a trade between one type of cryptocurrency and another. For example, the “trading pair” ETH/BTC.