The first block of a blockchain ever mined is called a Genesis Block.
What is Crypto Mining?
Mining is the process in which a miner solve complex math equations, and as a reward, gets a chunk of cryptocurrency asset like bitcoin, depending upon what he is mining. Mining comes with high energy consumption and high expenses, so it’s not common.Actually, the miner records and verifies the transactions […]
What is HODL?
Simply Hold is called HODL in cryptocurrency terminology.HODL stands for “Hold On for Dear Life”. This term is originated from a user typo on bitcoin forum. It actually refers to a passive investment strategy in which people buy and hold onto cryptocurrency instead of trading it.
What are Gas fees?
When you perform a transaction on blockchain, you have to pay a transaction fee. This fee is called gas fee. You are basically paying a miner to go out and recieve crypto for you. You can choose higher fees for faster transactions or lower fees for slower transactions.
What is Fiat Currency?
The anti-crypto currencies are called fiat currencies. Fiat currency is controlled and backed by the government, The currency notes in your wallet are fiat currency.
What is DLT?
Distributed Ledger Technology or DLT is just another term used for Blockchain technology.
What is ATL?
The lowest point where a cryptocurrency has been to, (either in price or capitalization) is called All-Time-Low or ATL.
What is ATH?
The highest point where a cryptocurrency has been to, (either in price or capitalization) is called All-Time-High or ATH.
How to Buy / Sell Cryptocurrency in Pakistan?
Cryptocurrency is not regulated in Pakistan therefore direct Bank deposit to buy or sell cryptocurrency area not supported. Therefore we have to resort to various Peer to Peer (P2P) services. All p2p services which provide escrow and have great reviews will be listed. P2P Platforms – Peer to Peer Exchanges […]
What are Altcoins?
All the coins, other than the Bitcoin are the Altcoins. The word Altcoin is a portmanteau of “alternative” and “coin”, to form “altcoin”.