Crypto

KYC

"Know Your Customer" refers to due diligence activities that financial institutions and other regulated companies must perform to ascertain relevant information.

Equity Token

A token that represents ownership of an underlying asset or pool of assets

DeFi

Anything on block chain that resembles typical financing

Automacity

Clauses in a smart contract can cause a transaction to fail and thereby revert all previous steps of the transaction. As a result, transactions are automatic Automaticity is a critical feature of transactions because funds can move between many contracts with a knowledge and security that if one of the conditions is not met the contract terms reset as if the money never left the starting point

ERC - 721

Ethereum non-fungible standard. Contracts for NFTs. Think as a deed of ownership to a unique asset

ERC -20

Ethereum request for comment An interface that allows one to launch there own token (fungible token).

Currency Inflation

Increase in the number of dollars in circulation (Aka: monetary inflation, increase in money supply).

NFT

NFT stands for non-fungible token. ... Crypto's fungibility makes it a trusted means of conducting transactions on the blockchain. NFTs are different. Each has a digital signature that makes it impossible for NFTs to be exchanged for or equal to one another (hence, non-fungible).

Social Tokens

These are a type of cryptocurrency that is based around a brand, community, or influencer.

Mempool

Transactions are added to the memory pool before they are added to the block. Miners can post transaction to their own men pool to be included in the next available block. If the gas price offered by the transaction is uncompetitive the transaction may be deferred to future blocks

Price Inflation

a persistent increase in the prices of most goods and services

Money

anything that serves as a medium of exchange, a unit of account, and a store of value Barter - let's trade valuable things Commodity Money - money is the valuable thing Representative money - money is a claim on the valuable thing (I.e. gold bullion) Fiat Money - money is completely delete from the valuable thing (government money)

fintech

computer programs and other technology used to support or enable banking and financial services

Blockchain

A digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly