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+100 terms in crypto that you should know in 2023

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  1. Blockchain: a decentralized and distributed digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network.
  2. Cryptocurrency: a digital or virtual currency that uses cryptography for security and is not backed by any government or central authority.
  3. Bitcoin: a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
  4. Ethereum: a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
  5. DeFi: short for decentralized finance, refers to a growing ecosystem of financial applications built on blockchain technology that offer users access to a wide range of financial services without the need for intermediaries.
  6. NFT: short for non-fungible token, refers to a type of digital asset that represents a unique and indivisible item, such as a piece of art or a collectible.
  7. Smart contracts: self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.
  8. Mining: the process of verifying and adding transaction records to the public ledger (blockchain) in a cryptocurrency system.
  9. Stablecoin: a type of cryptocurrency that is pegged to a stable asset, such as the US dollar, to reduce volatility and provide a more stable store of value.
  10. Exchange: a platform or marketplace where users can buy and sell cryptocurrencies.
  11. Altcoin: any cryptocurrency other than bitcoin.
  12. Token: a digital asset that represents a certain value or utility and can be traded on a blockchain platform.
  13. Market cap: short for market capitalization, refers to the total value of all the units of a cryptocurrency in circulation.
  14. Wallet: a digital wallet that stores a user’s cryptocurrency assets and allows them to send and receive them.
  15. Private key: a secret piece of data that grants access to a cryptocurrency wallet and allows the owner to spend or transfer their funds.
  16. Public key: a cryptographic key that can be used to encrypt messages and verify the identity of a user.
  17. Hash function: a mathematical function that maps data of any size to a fixed size and is used in cryptography to secure data.
  18. HODL: a slang term used in the crypto community to mean holding onto one’s cryptocurrency assets and not selling them, even during market downturns.
  19. Satoshi: the smallest unit of a bitcoin, equal to one hundred millionth of a bitcoin.
  20. Whale: a term used to refer to a large holder of a cryptocurrency who has the power to significantly influence the market by buying or selling large amounts of the asset.
  21. Cold storage: the practice of storing cryptocurrency assets offline in a secure physical location, such as a USB drive or hardware wallet, to protect them from online threats such as hacking.
  22. Ripple: a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc.
  23. Litecoin: a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license.
  24. Cardano: a decentralized public blockchain and cryptocurrency project that is focused on providing a more secure and scalable platform for the development of dApps.
  25. Stellar: an open-source protocol for value exchange founded in 2014 by Jed McCaleb and Joyce Kim.
  26. Chainlink: a decentralized oracle network that connects blockchain-based smart contracts to external data sources, allowing them to interact with real-world data and events.
  27. Polkadot: a next-generation blockchain protocol that enables scalable, secure and interoperable blockchain networks.
  28. Avalanche: a highly-scalable, open-source platform for building decentralized finance (DeFi) applications and enterprise blockchain solutions.
  29. Binance: one of the largest and most popular cryptocurrency exchanges in the world.
  30. Coinbase: a digital currency exchange headquartered in San Francisco, California.
  31. Kraken: a US-based cryptocurrency exchange that offers bitcoin and ether trading, as well as margin trading and over the counter (OTC) trading services.
  32. XRP: the native cryptocurrency of the Ripple network, often used as a means of transaction on the network.
  33. TRON: a decentralized open-source protocol for the global digital entertainment industry.
  34. CryptoKitties: a blockchain-based collectible game that allows users to breed, buy and sell virtual cats.
  35. BitMEX: a cryptocurrency derivatives trading platform that offers leveraged contracts that are bought and sold in Bitcoin.
  36. Aave: a decentralized lending and borrowing platform that allows users to earn interest on their deposits and borrow assets from the protocol.
  37. Compound: a decentralized finance (DeFi) protocol that allows users to earn interest on their cryptocurrency deposits and borrow assets from the protocol.
  38. Kyber Network: a decentralized liquidity protocol that enables the exchange and conversion of digital assets.
  39. Synthetix: a decentralized finance (DeFi) platform that allows users to trade synthetic assets on the Ethereum blockchain.
  40. Zcash: a privacy-focused cryptocurrency that uses zero-knowledge proofs to secure transactions.
  41. 0x: an open protocol that enables the peer-to-peer exchange of assets on the Ethereum blockchain.
  42. Monero: a privacy-focused cryptocurrency that uses ring signatures and stealth addresses to protect the identity of its users.
  43. Dogecoin: a cryptocurrency that was created as a joke but has gained a large and dedicated community of supporters.
  44. VeChain: a global enterprise-level public blockchain platform that focuses on providing transparent information flow, efficient collaboration and high-speed value transferring.
  45. Tezos: a decentralized, self-amending blockchain platform that uses a proof-of-stake consensus mechanism.
  46. Solana: a high-speed, secure and scalable blockchain platform that enables the deployment of decentralized applications (dApps).
  47. Bancor: a decentralized liquidity network that allows users to convert between different cryptocurrencies without the need for a counterparty.
  48. Decentraland: a decentralized virtual world where users can create, experience and monetize content and applications.
  49. ChainX: a cross-chain blockchain platform that enables users to move assets between different blockchain networks.
  50. Anchor Protocol: a decentralized finance (DeFi) platform that offers a suite of stablecoin products, including AnchorUSD, a stablecoin pegged to the US dollar.
  51. Ocean Protocol: a decentralized data exchange protocol that enables data sharing and monetization.
  52. Mirror Protocol: a decentralized finance (DeFi) protocol that allows users to mint and trade synthetic assets.
  53. Polkastarter: a decentralized cross-chain exchange platform that enables the creation and launch of decentralized fundraising events (IDOs).
  54. Serum: a decentralized exchange (DEX) built on the Solana blockchain that offers high-speed and low-cost trading.
  55. Flow Protocol: a scalable and user-friendly blockchain platform designed for the development of decentralized applications (dApps) and non-fungible tokens (NFTs).
  56. Elrond: a high-throughput and low-latency blockchain platform designed for scalability and security.
  57. Band Protocol: a decentralized oracle platform that allows smart contracts to securely access off-chain data.
  58. IOTA: a distributed ledger technology (DLT) and cryptocurrency platform that uses a directed acyclic graph (DAG) data structure instead of a traditional blockchain.
  59. Dash: a cryptocurrency that offers fast and private transactions, as well as a decentralized governance and budgeting system.
  60. Holo: a decentralized peer-to-peer hosting platform that allows users to host distributed applications (dApps) and earn cryptocurrency for providing hosting services.
  61. Cosmos: a decentralized network of independent, scalable and interoperable blockchain platforms.
  62. SushiSwap: a decentralized finance (DeFi) protocol that allows users to earn yields on their cryptocurrency holdings and trade on the SushiSwap decentralized exchange (DEX).
  63. Ren: an open protocol that enables the transfer of value between different blockchain networks.
  64. UMA: a decentralized finance (DeFi) platform that allows users to create and trade synthetic assets.
  65. Orchid: a decentralized open-source protocol that allows users to buy and sell bandwidth on a global network of providers.
  66. Stacks: a decentralized platform that enables the creation and deployment of smart contracts and decentralized applications (dApps) on the Bitcoin blockchain.
  67. Kava: a decentralized finance (DeFi) platform that offers a suite of DeFi products, including a decentralized exchange (DEX) and a stablecoin.
  68. Celsius: a decentralized lending and borrowing platform that allows users to earn interest on their cryptocurrency deposits and borrow assets from the protocol.
  69. Grin: a privacy-focused cryptocurrency that uses the Mimblewimble protocol to enable private transactions.
  70. Ampleforth: a decentralized finance (DeFi) protocol that uses a unique elastic supply mechanism to maintain the stability of its stablecoin, AMPL.
  71. Nexo: a decentralized finance (DeFi) platform that offers instant crypto loans and high-yield savings accounts.
  72. DIA: a decentralized finance (DeFi) platform that provides transparent and auditable price feeds for a wide range of assets.
  73. Aragon: a decentralized platform that enables the creation and management of decentralized organizations (DAOs).
  74. The Sandbox: a decentralized gaming platform that allows players to create, own and monetize their gaming experiences using non-fungible tokens (NFTs).
  75. Constellation: a decentralized and scalable protocol for secure and efficient data delivery.
  76. Reserve Rights: a decentralized stablecoin project that uses a two-token system to maintain the stability of its stablecoin, RSV.
  77. Numeraire: a decentralized finance (DeFi) platform that uses a unique token-incentivized prediction market to ensure the stability of its stablecoin, NMR.
  78. DAI: a decentralized stablecoin that is pegged to the US dollar and maintained through a system of smart contracts on the Ethereum blockchain.
  79. WAVES: a decentralized platform that enables the creation and launch of custom blockchain tokens.
  80. Hedera Hashgraph: a decentralized public ledger technology (DLT) platform that uses a novel consensus algorithm to achieve high-speed, low-latency and secure transactions.
  81. Klaytn: a decentralized platform for consumer-grade decentralized applications (dApps) that offers high-speed and low-cost transactions.
  82. Algorand: a decentralized and scalable blockchain platform that uses a unique pure proof-of-stake (PPoS) consensus mechanism.
  83. Band Protocol: a decentralized oracle platform that allows smart contracts to securely access off-chain data.
  84. TerraUSD: a decentralized stablecoin that is pegged to the US dollar and maintained by a network of validators on the Terra blockchain.
  85. xDAI: a stablecoin that is pegged to the value of the DAI stablecoin and operates on the xDai sidechain.
  86. Lightning Network: a second-layer payment protocol that operates on top of a blockchain, allowing for faster and cheaper transactions.
  87. ZK-Rollup: a scalability solution for blockchain networks that uses zero-knowledge proofs to enable high-speed and low-cost transactions.
  88. TON: short for Telegram Open Network, a blockchain platform and cryptocurrency project developed by messaging app company Telegram.
  89. Solana: a high-speed, secure and scalable blockchain platform that enables the deployment of decentralized applications (dApps).
  90. Serum DEX: a decentralized exchange (DEX) built on the Solana blockchain that offers high-speed and low-cost trading.
  91. dYdX: a decentralized finance (DeFi) platform that allows users to trade derivatives and margin-based products.
  92. Falcon: a decentralized finance (DeFi) platform that offers a suite of DeFi products, including a decentralized exchange (DEX) and a stablecoin.
  93. Celo: a decentralized platform that enables the creation and use of stablecoins and other digital assets.
  94. Ocean Market: a decentralized marketplace for the buying and selling of data.
  95. Wanchain: a decentralized platform that enables the creation of cross-chain decentralized applications (dApps) and the interoperability of different blockchain networks.
  96. Nervos: a decentralized network of blockchains and a suite of protocols for enabling the creation and deployment of decentralized applications (dApps).
  97. Kadena: a scalable and secure blockchain platform that offers smart contract functionality and a decentralized exchange (DEX).
  98. Parity: a suite of Ethereum blockchain infrastructure and development tools, including the Parity Ethereum client and the Polkadot network.
  99. DFINITY: is a decentralized and open-source network that aims to enable the creation and deployment of scalable and secure decentralized applications (dApps).
  100. Proof of Work (PoW): a type of consensus algorithm used by some blockchain networks to validate transactions and add new blocks to the blockchain.
  101. Proof of Stake (PoS): a type of consensus algorithm used by some blockchain networks to achieve distributed consensus and validate transactions.
  102. Sharding: a scalability solution for blockchain networks that involves dividing the network into smaller sub-networks, or shards, to improve transaction speed and throughput.
  103. Atomic swap: a type of peer-to-peer exchange of cryptocurrencies that allows users to trade cryptocurrencies without the need for a third-party intermediary.
  104. Governance token: a type of cryptocurrency that gives holders the right to participate in the governance of a blockchain network or decentralized organization (DAO).
  105. Permissionless: a term used to describe a type of blockchain network that allows anyone to participate without the need for prior approval or permission.
  106. Permissioned: a term used to describe a type of blockchain network that restricts participation to pre-approved or authorized participants.
  107. Off-chain: a term used to describe transactions or activities that occur outside of the main blockchain network.
  108. On-chain: a term used to describe transactions or activities that occur on the main blockchain network.
  109. Liquidity: a measure of the ease with which an asset can be bought or sold in the market without affecting the asset’s price.
  110. Delegated Proof of Stake (DPoS): a type of consensus algorithm used by some blockchain networks in which network participants can delegate their voting rights to other participants.
  111. Interoperability: the ability of different blockchain networks or platforms to communicate and exchange data with each other.
  112. Hard fork: a type of network upgrade that results in a permanent divergence from the previous version of the blockchain, causing a split into two separate networks.
  113. Soft fork: a type of network upgrade that is backward-compatible with the previous version of the blockchain, allowing both versions of the software to continue working together on the same network.
  114. Cryptography: the practice of using mathematical algorithms and protocols to secure data and protect against unauthorized access or tampering.
  115. Cryptocurrency market: the global market for buying, selling and trading cryptocurrencies.
  116. Market maker: a trader or institution that provides liquidity to the market by placing bids and offers for assets
  117. Trading pairs: the combination of two assets that are traded against each other on a cryptocurrency exchange, such as BTC/USD or ETH/BTC.
  118. Limit order: an order to buy or sell an asset at a specified price or better.
  119. Market order: an order to buy or sell an asset at the best available price.
  120. Stop-loss order: an order to sell an asset at a specified price to limit potential losses in case the market moves against the trader’s position.
  121. Take-profit order: an order to sell an asset at a specified price to take profit when the market moves in the trader’s favor.
  122. Margin trading: the practice of borrowing funds from a broker or exchange to increase the size of a trade and potentially increase the profit or loss.
  123. Margin call: a demand from a broker or exchange for a trader to deposit additional funds or securities to cover a margin account that has fallen below the required minimum balance.
  124. Leverage: the use of borrowed funds to increase the potential return on an investment.
  125. Liquidation: the process of closing a trader’s position and settling the resulting profit or loss when the margin account falls below the required minimum balance.
  126. Order book: a list of all the buy and sell orders for an asset, organized by price and time.
  127. Candlestick chart: a type of chart that is used to visualize the price movements of an asset, showing the open, high, low and close prices for a given time period.
  128. Technical analysis: the use of past price and volume data to identify trends and make predictions about future price movements.
  129. Fundamental analysis: the study of an asset’s intrinsic value and the underlying factors that affect its price, such as its business model, management team and market conditions.
  130. Market sentiment: the overall mood or attitude of market participants towards a particular asset or the market as a whole, often expressed as bullish (optimistic) or bearish (pessimistic).
  131. Security token: a digital asset that represents ownership of a real-world asset, such as equity in a company or real estate.
  132. Utility token: a digital asset that grants the holder access to a specific product or service on a blockchain network.
  133. Non-fungible token (NFT): a unique and indivisible digital asset that represents a one-of-a-kind item, such as a collectible or a virtual real estate property.
  134. Initial Coin Offering (ICO): a fundraising event in which a blockchain project sells its native tokens to investors in exchange for cryptocurrency.
  135. Initial Exchange Offering (IEO): a fundraising event in which a blockchain project sells its native tokens on a cryptocurrency exchange, with the exchange often providing support and promotion for the project.
  136. Decentralized Finance (DeFi): a movement that aims to use blockchain technology and smart contracts to create financial products and services that are open, transparent and accessible to everyone.
  137. Decentralized Autonomous Organization (DAO): a type of decentralized organization that is governed by smart contracts and operates

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What is Baby AGI: A Comprehensive Guide For Beginners

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Artificial Intelligence (AI), an omnipresent force subtly weaving through the fabric of modern life, has ushered in a new era of innovation and automation. From virtual assistants like Siri and Alexa to the sophisticated recommendation engines driving platforms like Netflix and Amazon, AI’s impact is unmistakable. A groundbreaking stride in AI’s evolution is the emergence of Baby Artificial General Intelligence (AGI), an advancement poised to reshape our existence by automating a diverse spectrum of tasks. This article delves into the essence of Baby AGI, its mechanics, and the boundless vistas it opens for application.

Introducing Baby AGI: Pioneering Autonomy and Efficiency

Laying the foundation for an era of self-sustaining AI, Baby AGI is a groundbreaking autonomous agent meticulously crafted using the Python programming language in tandem with the OpenAI and Pinecone APIs. This innovative entity possesses the prowess to independently initiate and execute tasks, effectively revolutionizing workflow dynamics. Much akin to its human counterparts, Baby AGI demonstrates the capacity to learn, comprehend, and execute tasks spanning a myriad of domains, distinguishing itself from the narrower confines of specialized AI.

Exploring Baby AGI’s Boundless Potential

While the infancy of Baby AGI’s journey is undeniable, the scope of its applications is nothing short of prodigious. From crafting literary marvels to orchestrating intricate travel plans, Baby AGI promises the ability to undertake tasks demanding a human-like grasp of context and nuance. Crucially, it is imperative to grasp that Baby AGI doesn’t supersede human intellect; rather, it serves as an invaluable tool for task automation, driving productivity gains across domains.

Embarking on the Journey: Navigating the Prerequisites

Utilizing Baby AGI mandates a trifecta of essentials:

  1. Adequate Hardware: While specific hardware prerequisites remain nebulous, a computer boasting a minimum of 4GB RAM is advised to ensure seamless operations. Optimal hardware guarantees expedient task execution.
  2. API Key Activation: Empowering Baby AGI necessitates procuring API keys from OpenAI and Pinecone. This entails simple steps for key generation.
    • OpenAI API Key Generation:
      • Access platform.openai.com, then log in or establish an account.
      • Click the profile icon, selecting “View API Keys.”
      • Create a new secret key with a designated name.
    • Pinecone API Key Generation:
      • Visit pinecone.io and access your account or create a new one.
      • Navigate to “API Keys” on the left-hand side, then proceed to generate a new API key.
  3. Stable Connectivity: Unlike offline AI tools, Baby AGI thrives on an unwavering internet connection, underscoring the need for dependable connectivity.

A Comprehensive Guide to Harnessing Baby AGI’s Potential

The journey commences by embracing the steps outlined below:

Step 1: Python Installation

Begin by installing Python, an essential programming language requisite for executing Baby AGI. Visit python.org, acquire the latest version of Python, and follow platform-specific installation guidelines.

Step 2: Acquiring Baby AGI Files

Through your terminal (Mac/Linux) or Command Prompt (Windows), input “git clone https://github.com/yoheinakajima/babyagi.git” and press Enter. This directive triggers the download of imperative Baby AGI components from the designated GitHub repository.

Step 3: Package Installation

Within the downloaded directory, execute “pip install -r requirements.txt” in the terminal or Command Prompt. This single command orchestrates the installation of essential packages, forming the bedrock of Baby AGI’s operational architecture.

Step 4: Configuration Precision

Upon successful package installation, locate and rename the “.env.example” file to “.env”. This configuration file is instrumental in establishing the operational context for Baby AGI.

Step 5: Enabling API Integration

Edit the renamed “.env” file using a text editor to input your OpenAI and Pinecone API keys. These keys imbue Baby AGI with the prowess to interact with external services, accentuating its capabilities.

Step 6: Igniting Baby AGI

Within your terminal or Command Prompt, input “python babyagi.py” and hit Enter. This catalyst sets Baby AGI in motion, ushering in its active presence and potential for interaction.

Step 7: Catalyzing Interaction

Elevate Baby AGI’s prowess by offering input that encapsulates your AI agent’s designation, the focal domain, and the inaugural task you seek to delegate. This framework defines its mission, enabling adept execution guided by your specifications.

A Glimpse of Baby AGI in Action

Illustrating Baby AGI’s potential, envision a scenario where it functions as a cyber insurance underwriter, identifying vulnerabilities primed for cyber insurance claims. Tasked with grasping cyber insurance nuances and dissecting potential linked.com issues, Baby AGI exemplifies task automation at its zenith.

Navigating Current Usage and Future Trajectories

Though yet to infiltrate commercial applications, Baby AGI captivates researchers and pioneers. Yohei Nakajima’s Baby AGI project harnesses machine learning and reinforcement learning, mirroring human growth patterns. Foreseeing the dawn of advanced educational tools and more sophisticated chatbots, the path forward entails overcoming challenges of safety and ethics.

Concluding Remark

Baby AGI crystallizes the zenith of AI evolution, steering us towards the realization of AI agents mirroring human cognition. Pioneering the realm of task automation, this nascent marvel harbors potent potential. Though in its infancy, Baby AGI pledges to empower and reshape the landscape of productivity.

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Forbes.)

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What is Wrapped?

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Wrapped is a term used in the cryptocurrency industry to refer to a digital asset that represents another asset or currency on a different blockchain. This allows users to trade or use assets on one blockchain, while still retaining the value of the asset on its original blockchain.

For example, the Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum blockchain. When a user wraps their BTC into WBTC, they receive an equivalent amount of WBTC on the Ethereum blockchain. This allows them to use BTC in Ethereum-based decentralized applications (dapps) or trade BTC on Ethereum-based decentralized exchanges (DEXs) without needing to transfer the actual BTC to the Ethereum blockchain.

The process of wrapping an asset involves locking the original asset on its blockchain and minting an equivalent amount of the wrapped asset on another blockchain. The wrapped asset is then pegged to the original asset’s value, usually through the use of a smart contract. When a user wants to redeem their wrapped asset for the original asset, the wrapped asset is burned, and the original asset is released back to the user.

Wrapped assets are useful because they allow for interoperability between different blockchains and can increase liquidity and trading volumes for certain assets. They can also enable new use cases for assets that were previously restricted to a specific blockchain.

In addition to WBTC, there are many other wrapped assets, including Wrapped Ether (WETH), Wrapped Litecoin (WLTC), and many others.

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What is Wash Trading?

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Wash trading is a practice that involves buying and selling a cryptocurrency asset for the purpose of creating the impression of greater market activity and trading volume than actually exists. It involves a trader simultaneously buying and selling the same asset to manipulate the price and create a false sense of demand and liquidity.

In the context of cryptocurrencies, wash trading is a fraudulent activity that can deceive investors and traders into thinking that a particular asset is more popular and valuable than it really is. This can lead to an artificial price increase, which can be exploited by the traders involved in the wash trading scheme.

Wash trading is typically used by unscrupulous traders and market manipulators who want to artificially inflate trading volumes or prices to attract other investors or traders to buy the asset. It is also sometimes used to manipulate prices to trigger stop-loss orders or liquidations, which can cause panic selling and create opportunities for the wash traders to profit.

Wash trading is illegal in traditional financial markets, and many jurisdictions have laws against it. In the crypto industry, some exchanges and regulators have taken steps to crack down on wash trading, including implementing monitoring tools to detect and prevent it.

Investors and traders should be cautious of assets with unusually high trading volumes, as they may be subject to wash trading. It’s important to do your own research and use reliable sources of information before investing in any cryptocurrency.

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Disclaimer: ATHCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.