What is Private keys?-Definition of all finance terms

What is Private key?

Definition of Private key It is a variable that is used in a world of cryptocurrency in which variable has been associated with a public key or algorithm to encrypt or decrypt code known as a private key. Fundamentally, this key is a part of a bitcoin and outcomes with the help of which their owner […]
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what is Ethereum?-Definition of all finance terms

What is Ethereum?

Definition of Ethereum Ethereum is one of the most common cryptocurrencies, which is an open-source platform based on blockchain technology. It facilitates people or their users by providing a decentralized application. Brief Explanation of Ethereum Ethereum and bitcoin are similar to some extent, but in many cases, ethereum provides a different function, like it ratifies accounts […]
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what is transaction block?-Definition of all finance terms

What is transaction block?

Definition of transaction block In a network, a transaction block records all or some of the transactions and the data and regulates them. This process makes every transaction in a blockchain of cryptocurrency more secure and reliable. Brief Explanation This block is completely like a record book or ledger where all the completed block has been checked […]
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what is token?-Definition of all finance terms

What is token?

Definition of token In the world of cryptocurrency, the token is a characterization or representation of digital commodities or assets used in a distributed blockchain-based network. These are commonly provided by cryptocurrencies like ethereum, bitcoin, etc. Brief Explanation of token This is quite similar to a common coin but is built on a different platform of […]
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what is ether classic?-Definition of all finance terms

What is Ethereum Classic?

Definition of Ethereum Classic Ethereum Classic is a common cryptocurrency that is an open-source platform based on blockchain technology. It facilitates people or their users by providing a decentralized application. In addition, it provides a cryptocurrency value token which is known as “CLASSIC ETHER.” Brief Explanation Ethereum Classic and Ethereum are similar in many ways as […]
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what is softfork?-Definition of all finance terms

What is softfork?

Definition of softfork A softfork is a variation or change in protocols on the blockchain-based network by the instructions or approval of old blocks or protocols that the new one is valid or not in a bitcoin blockchain-based application system. Brief Explanation of softfork The validity of a new block depends on the decision of a […]
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what is stream ciphers?-Definition of all finance terms

What is Stream ciphers?

Definition of Stream Ciphers A stream cipher is a method in which all the encrypted data or content has been combined with a binary digit or a key stream. This method is not commonly used in cryptography; the best alternative to stream ciphers is a block cipher. Brief Explanation of Stream Ciphers It is commonly […]
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what is digital identity?_Definition of all finance terms

What is digital identity?

Definition of Digital Identity Digital identity is an innovation of technology, which empowers people to make their own digitized identity, but there is a lack of control in terms of stolen, faked, or lost; but blockchain-based distributed identity now becomes more secure and controllable. Brief Explanation of Digital Identity A distributed blockchain-based identity is becoming […]
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what is permissioned block chain?-Definition of all finance terms

What is Permissioned blockchains?

Definition Permissioned blockchains are a distributed network that prohibits consensus participation by users or actors. The only allowed recipient can be a part of that network or system. Even it also restricted users from creating smart contracts. Brief Explanation of Permissioned blockchains In this distributed blockchain-based network, every user or customer has to be an […]
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what is ripple?-Definition of all finance terms

What is Ripple?

Definition of Ripple Ripple is a financial intermediary or a payment protocol in a network for any currency, including fiat/cryptocurrency or any other. The ultimate goal of this is to make transactions easy in a network with a trustworthy gateway without any discrimination. Brief Explanation of Ripple In a blockchain-based distributed network, a ripple system work […]
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