Virtual currency has become more and more popular in recent years, and many media have started to report on its related applications. Even if you want to start studying it, but when you open the website, "cold wallet", "deposit/withdrawal" and many other terms make your head hurt?
It's okay, follow Coin Trust to understand the single word vocabulary from the beginning, and we will explain it in one simple sentence. If you want to study more deeply, you can also use these keywords to search and explore more new worlds!
Tip: Use the keyboard shortcut Ctrl+F (Command+F) to search for keywords, you can find the information you need faster!
Beginner Class.
Bitcoin (BTC): The first blockchain and cryptocurrency in history, proposed by Satoshi Nakamoto in his paper in 2008, the first Bitcoin was born in 2009.
Satoshi Nakamoto: The inventor of Bitcoin. He proposed the concept of blockchain and Bitcoin in a paper published in 2008.
Blockchain: The underlying technology of Bitcoin, which can record transaction history, has decentralized, anonymous, and tamper-evident qualities.
Virtual currency: Currency that can be used in virtual space, such as game points, game coins, etc. Cryptocurrency belongs to one of the subcategories of virtual currency.
Cryptocurrency: belongs to one of the subcategories of virtual currency, based on blockchain technology. Compared to other electronic currencies that can be copied and produced indefinitely, cryptocurrency can be issued in unlimited quantities through smart contracts to ensure its value and security against counterfeiting.
Cryptocurrency wallet: A digital wallet that holds the private key, public key, address, etc. of a cryptocurrency to prove ownership of the cryptocurrency.
Cryptocurrency exchange: Users can trade cryptocurrency and other assets on this platform. BitoPro Cryptocurrency Exchange is an international level NT cryptocurrency exchange, providing a similar service to Taiwan stock order aggregation.
Deposit: Also known as "deposit", this is the process of adding fiat currency or cryptocurrency to a trading bank account or a person's hot wallet on the exchange.
Withdrawal: Also known as "Withdrawal" or "Withdrawal", the act of transferring cryptocurrency out of a wallet.
Mining: The act of using a computer program to authenticate each transaction and obtain cryptocurrency, also known as a "miner".
Intermediate Classes.
BITO Coin: A platform coin launched by BitoPro, an international NTD cryptocurrency exchange. Users can use BITO Coin to offset transaction fees, BitoDebt fees, enjoy BitoPro VIP level and fee discount, 50% discount on BitoDebt fees, BitoDebt high annualized return coin lock, etc. BitoDebt has a high annualized return on coin lock, and other rights.
Stable coins: Cryptocurrencies with a more stable value, which are pegged to legal tender and controlled by algorithms to maintain a stable value.
Cold wallet: A subcategory of cryptocurrency wallet, representing an offline wallet that is not connected to the internet, and is more secure and connected to the internet only when transferring assets. Compared to a hot wallet, which can be connected at any time and assets can be transferred instantly, a cold wallet needs to be transferred to a user's hot wallet on an exchange before an order can be placed. CoinTrust insures both hot and cold wallets with insurance coverage.
Hot wallet: A sub-category of cryptocurrency wallet that represents an online wallet with a connection to the internet for easy trading, but with less security. Cryptocurrency trusts insure both hot and cold wallets for users, and enjoy insurance coverage.
Decentralized finance (DeFi): A framework that uses blockchain technology and open source code to allow financial services to operate without a centralized institution.
Ethereum: A public blockchain created by Vitalik Buterin in 2015, on which users can build decentralized applications and transfer assets in ETH and ERC20 currencies.
Ether (ETH): The cryptocurrency on the Ether blockchain, used to pay transaction fees and computing services.
Non-fungible token (NFT): A sub-category of cryptocurrency. Each token of this type of currency is unique and cannot be divided into smaller units, and can be used to prove ownership, e.g. an NFT can represent a piece of artwork or proof of ownership of a car.
Smart contract: Also known as a "smart contract", the contract is coded in the form of a program, so it is automatically executed once the conditions are met, and is open, transparent and enforceable.
BitoDebt: The first cryptocurrency debt service in Taiwan in 2019, providing a stable asset allocation tool with a maximum annualized return of 18%, providing a new channel for low-risk, stable and profitable wealth management.
It's okay, follow Coin Trust to understand the single word vocabulary from the beginning, and we will explain it in one simple sentence. If you want to study more deeply, you can also use these keywords to search and explore more new worlds!
Tip: Use the keyboard shortcut Ctrl+F (Command+F) to search for keywords, you can find the information you need faster!
Beginner Class.
Bitcoin (BTC): The first blockchain and cryptocurrency in history, proposed by Satoshi Nakamoto in his paper in 2008, the first Bitcoin was born in 2009.
Satoshi Nakamoto: The inventor of Bitcoin. He proposed the concept of blockchain and Bitcoin in a paper published in 2008.
Blockchain: The underlying technology of Bitcoin, which can record transaction history, has decentralized, anonymous, and tamper-evident qualities.
Virtual currency: Currency that can be used in virtual space, such as game points, game coins, etc. Cryptocurrency belongs to one of the subcategories of virtual currency.
Cryptocurrency: belongs to one of the subcategories of virtual currency, based on blockchain technology. Compared to other electronic currencies that can be copied and produced indefinitely, cryptocurrency can be issued in unlimited quantities through smart contracts to ensure its value and security against counterfeiting.
Cryptocurrency wallet: A digital wallet that holds the private key, public key, address, etc. of a cryptocurrency to prove ownership of the cryptocurrency.
Cryptocurrency exchange: Users can trade cryptocurrency and other assets on this platform. BitoPro Cryptocurrency Exchange is an international level NT cryptocurrency exchange, providing a similar service to Taiwan stock order aggregation.
Deposit: Also known as "deposit", this is the process of adding fiat currency or cryptocurrency to a trading bank account or a person's hot wallet on the exchange.
Withdrawal: Also known as "Withdrawal" or "Withdrawal", the act of transferring cryptocurrency out of a wallet.
Mining: The act of using a computer program to authenticate each transaction and obtain cryptocurrency, also known as a "miner".
Intermediate Classes.
BITO Coin: A platform coin launched by BitoPro, an international NTD cryptocurrency exchange. Users can use BITO Coin to offset transaction fees, BitoDebt fees, enjoy BitoPro VIP level and fee discount, 50% discount on BitoDebt fees, BitoDebt high annualized return coin lock, etc. BitoDebt has a high annualized return on coin lock, and other rights.
Stable coins: Cryptocurrencies with a more stable value, which are pegged to legal tender and controlled by algorithms to maintain a stable value.
Cold wallet: A subcategory of cryptocurrency wallet, representing an offline wallet that is not connected to the internet, and is more secure and connected to the internet only when transferring assets. Compared to a hot wallet, which can be connected at any time and assets can be transferred instantly, a cold wallet needs to be transferred to a user's hot wallet on an exchange before an order can be placed. CoinTrust insures both hot and cold wallets with insurance coverage.
Hot wallet: A sub-category of cryptocurrency wallet that represents an online wallet with a connection to the internet for easy trading, but with less security. Cryptocurrency trusts insure both hot and cold wallets for users, and enjoy insurance coverage.
Decentralized finance (DeFi): A framework that uses blockchain technology and open source code to allow financial services to operate without a centralized institution.
Ethereum: A public blockchain created by Vitalik Buterin in 2015, on which users can build decentralized applications and transfer assets in ETH and ERC20 currencies.
Ether (ETH): The cryptocurrency on the Ether blockchain, used to pay transaction fees and computing services.
Non-fungible token (NFT): A sub-category of cryptocurrency. Each token of this type of currency is unique and cannot be divided into smaller units, and can be used to prove ownership, e.g. an NFT can represent a piece of artwork or proof of ownership of a car.
Smart contract: Also known as a "smart contract", the contract is coded in the form of a program, so it is automatically executed once the conditions are met, and is open, transparent and enforceable.
BitoDebt: The first cryptocurrency debt service in Taiwan in 2019, providing a stable asset allocation tool with a maximum annualized return of 18%, providing a new channel for low-risk, stable and profitable wealth management.