The most detailed cryptocurrency dictionary

Blockchain and cryptocurrency are becoming an increasingly popular topic in the world and have long gone beyond the crypto community. Moreover, the regulation and use of cryptocurrencies are discussed at the state level. Also, a huge number of people join the crypto community and try to understand the market trends. But to understand the market and all the phenomena associated with cryptocurrency, users need to understand the cryptocurrency terminology, so the Cryptorobotics team has compiled a cryptocurrency dictionary that will help new users get comfortable in the crypto industry. Here, users will find the basic concepts and terms in the field of blockchain and cryptocurrencies to make it easier to navigate.

Demo trading mode - is a simulation of trading on real quotes of digital coins but without the use of user funds. This tool is designed to test the function and practice trading skills for beginners. Also known as Paper Trading.
Desktop single-user robot - is a crypto trading bot that is installed on a PC. Entering trades using desktop single-user robots is possible only when the computer is turned on.
Entering cryptocurrency - is the transfer of funds to a cryptocurrency wallet or the purchase of digital coins for ordinary money.
Ethereum - is a cryptocurrency that ranks 2nd in terms of capitalization and a blockchain platform for decentralized online services (decentralized applications) based on smart contracts.
Etherscan - is a special platform that allows you to view all generated blocks in the Ethereum blockchain. In addition, the user can check the current network commission through this service, can check addresses and wallets, view transactions. Essentially, Etherscan is the public ledger of the Ethereum blockchain.
Farming - is a high-yield and high-risk type of investment in digital assets where an investor locks up their coins in a liquidity pool to get additional returns.
Fiat money - is paper money issued by the government. This type of money also includes virtual funds stored on simple plastic cards, Qiwi wallets, and others.
Fully automated robots - are cryptocurrency trading bots that analyze the market and open and close trades on their own.
Hard fork - is a way to make significant changes to the protocol code of a project created on the blockchain. Also, a hard fork can be used to launch new crypto projects or as a way to reach a consensus on new changes in the community.
HOLD - is a long-term strategy that provides a passive way of investing for a long time. In other words, investors simply buy a digital asset and wait for a long period of time for its value to rise in order to capitalize on the price difference.
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