What is the purpose of SegWit?

SegWit, short for Segregated Witness, is actually a Bitcoin improvement project implemented to solve two main problems. the goal of this soft fork is primarily to provide conditions for securing transaction flexibility and subsequently is a step to increase block capacity in the Bitcoin blockchain network. Currently, the most popular Bitcoin reference client, SegWit was proposed by the Bitcoin core…

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What means hard fork in crypto?

Blockchain technology is an expanding and evolving technology that needs to be updated and upgraded. While the blockchain itself cannot be changed, the tokens or coins offered on the blockchain platform can be changed. This is where a concept called a fork comes in. Updating or creating a new blockchain is called a fork. Forks are necessary to make changes…

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What does stop-loss mean in cryptocurrency?

Stop loss is a safety valve to protect traders against cryptocurrency loss. This service (feature) is used by traders who work in the financial markets with a short- and medium-term perspective to determine the right time to exit the transaction. These people use Stop Loss to stop losing trades or to set their profit and loss limits. Of course, sometimes…

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What is an example of a Shitcoin?

In fact, Shitcoin is a term that has entered the digital currency market in the last few years. Of course, the term has been used for many years and was only used sometime after Bitcoin was introduced. But it was never as common as it is today. Nor was it widely used in the digital currency world. In recent years,…

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How do wrapped tokens work?

To answer this question, it is first necessary to say that different blockchains offer different possibilities, but their nature is such that they cannot communicate with each other. For example, the Bitcoin blockchain does not know what is happening on the Ethereum blockchain and vice versa. Here, Wrapped Token can create a bridge between two different blockchains. A wrapped Token…

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What is DAI currency?

Digital Currency Dai (DAI) is a decentralized stablecoin. Currently, stablecoin Dai is the best alternative to centralized stablecoins like Tether. DAI cryptocurrency is an Ethereum-based token (ERC-20 token). Cryptocurrency is created as a stablecoin based on the US dollar and its value is defined as a 1:1 ratio to the US dollar; That is, the value of Dai’s stablecoin is…

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What is Solana main focus?

Solana and SOL digital currencies are among the networks that, thanks to a strong team, can largely solve the problem of scalability and provide new solutions. This cryptocurrency is one of the currencies that the term Ethereum killer is used, since in addition to providing smart contracts in its network, it also has a high speed in processing information and…

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What is Flippening in cryptocurrency?

The digital currency industry is so popular because Bitcoin is so popular that it is hard to believe that this digital currency will ever return to second place. Since Bitcoin’s official launch in 2009, no other cryptocurrency has surpassed it in terms of market capitalization. Simply put, Flippening is a phenomenon where Ethereum has overtaken Bitcoin in terms of market…

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Cardano currency terms and price forecast

(Cardano) is a proof-of-principle (POS) based blockchain network. Despite the fact that this network tries to solve the problem of scalability; But this network has not yet been able to achieve its goals. Cardano is a third-generation blockchain and is considered a competitor to the Ethereum 2 network. Cardano got closer to its goal when it released the Vasil update…

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