Connect with us

Guides

30 Bitcoin terms that you should know in 2023

Published

on

  1. Blockchain: A blockchain is a decentralized, distributed ledger that is used to record transactions on a network of computers.
  2. Cryptocurrency: A cryptocurrency is a digital asset that uses cryptography for security and is issued and controlled by its developers.
  3. Digital currency: Digital currency is a type of money that exists only in digital form, such as Bitcoin or Ethereum.
  4. Peer-to-peer: Peer-to-peer (P2P) refers to a type of network in which each node is able to act as both a client and a server, allowing users to connect directly with each other without the need for a central authority.
  5. Decentralized: Decentralized refers to a system in which power or authority is distributed among multiple parties, rather than being concentrated in a single entity.
  6. Mining: Mining is the process of verifying and adding transactions to a blockchain, and is typically done by powerful computers that compete to solve complex mathematical problems.
  7. Hash rate: Hash rate is a measure of the processing power of a cryptocurrency network, and is typically expressed in hashes per second.
  8. Blockchain explorer: A blockchain explorer is a tool that allows users to view and search the contents of a blockchain, including transactions, blocks, and addresses.
  9. Wallet: A cryptocurrency wallet is a software program or hardware device that stores a user’s private keys and can be used to manage and transact with their cryptocurrency assets.
  10. Private key: A private key is a unique, secret string of numbers and letters that is used to sign transactions on a blockchain and prove ownership of a particular address.
  11. Public key: A public key is a string of numbers and letters that is derived from a private key and can be used to receive transactions on a blockchain.
  12. Address: A cryptocurrency address is a unique identifier that is used to send and receive transactions on a blockchain.
  13. Signature: A signature is a cryptographic proof that is used to verify the authenticity of a transaction on a blockchain.
  14. Cold storage: Cold storage refers to the practice of storing cryptocurrency assets offline, in a secure location such as a hardware wallet or a paper wallet, to protect them from hacking or other forms of theft.
  15. Hardware wallet: A hardware wallet is a physical device that stores a user’s private keys and can be used to securely store and manage cryptocurrency assets.
  16. Software wallet: A software wallet is a type of cryptocurrency wallet that is implemented as a software program and is stored on a user’s computer or mobile device.
  17. Online wallet: An online wallet, also known as a web wallet, is a type of cryptocurrency wallet that is hosted by a third-party service provider and accessed through a web browser.
  18. Exchange: A cryptocurrency exchange is a platform that allows users to buy and sell cryptocurrencies.
  19. Order book: An order book is a record of all buy and sell orders that are placed on a cryptocurrency exchange, and is used to match buyers and sellers.
  20. Limit order: A limit order is an order to buy or sell a cryptocurrency at a specified price or better. A buy limit order will only be executed at the specified price or lower, while a sell limit order will only be executed
  21. Market order: A market order is an order to buy or sell a cryptocurrency at the best available price.
  22. Stop order: A stop order is an order to buy or sell a cryptocurrency when it reaches a specified price, and is used to limit losses or protect profits.
  23. Margin trading: Margin trading is a type of trading in which a user borrows funds from a broker or exchange to increase their buying power and potentially earn larger profits, but also exposes themselves to greater risks.
  24. Leverage: Leverage is the use of borrowed funds to increase the size of a trade and potentially earn larger profits or losses.
  25. Long position: A long position is a trade that is entered with the expectation that the price of a cryptocurrency will rise.
  26. Short position: A short position is a trade that is entered with the expectation that the price of a cryptocurrency will fall.
  27. Fiat currency: Fiat currency is a government-issued and regulated form of money, such as the US dollar or the euro.
  28. Volatility: Volatility is a measure of how much the price of a cryptocurrency changes over time, and is typically expressed as a percentage.
  29. Market capitalization: Market capitalization is the total value of a cryptocurrency, calculated by multiplying the number of units by their market price.
  30. Trading volume: Trading volume is the amount of a cryptocurrency that is traded over a given period of time, and is often used as a measure of liquidity and market activity.

Advertisement logo
Click to comment

Leave a Reply

Guides

What is Baby AGI: A Comprehensive Guide For Beginners

Published

on

By

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.)

Continue Reading

Guides

What is Wrapped?

Published

on

By

red and white gift box with ribbon bow

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.

Continue Reading

Guides

What is Wash Trading?

Published

on

By

Free person in washing machine

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.

Continue Reading
Advertisement e here
Advertisement
Advertisement

Trending

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.