Crypto
Crypto is short for “cryptography”, which is the technology used to encrypt and secure transactions across the internet. For example, sending emails, visiting websites with a padlock next to the url or making Bitcoin transactions.
With Bitcoin, miners have to solve complex equations called hashes before adding the next batch of transactions to the blockchain. This is a simplified explanation but cryptography is a key part of Bitcoin’s blockchain technology.
Crypto is also short for “cryptocurrency” which is a currency, or coin, that uses cryptography to maintain transactions, of which there are many.
The word “crypto” does trigger a few Bitcoiners as they call everything that isn’t Bitcoin, “crypto”, even though Bitcoin is technically a cryptocurrency itself. It is often used interchangeably to describe the whole crypto industry, including Bitcoin, but there’s another word Bitcoiners use to describe all other cryptos.
Latest Articles
What Is The Bitcoin Security Budget?
Bitcoin, often referred to as digital gold, is not just a revolutionary form of decentralised digital currency; it’s also a pioneer in security. It’s the
What Is A Social Recovery Wallet?
As Bitcoin and blockchain technology continue to gain popularity, this new way of managing money and interacting with apps and each other online brings a
What Are Runes?
The bear market and its sideways movements don’t exactly sit well with those with a high-time preference; without price action, there is no dopamine hit