FinTech- Crypto Glossary |jargon Buster|101

If you are new to crypto- world you will probably heard many jargon and get confused. In this article I will be writing about few terms and jargon of crypto-world which will make you easier and little clearer. You will find this any term if you read or listen to any crypto news or podcast

Let’s start with most common terms for beginners

Bitcoin(BTC)

Bitcoin is a decentralized digital cryptocurrency that was invented by the pseudonymous Satoshi Nakamoto in 2008. In the past few years, Bitcoin has evolved from being murky money of digital underworld to an increasingly mainstream digital currency.

Blockchain

The Blockchain is best known as the general ledger. Where bitcoin transactions are recorded. A Blockchain is a data structure that makes it possible to create a digital ledger of transactions and share it among a distributed network of computers.

Cockroach

Cockroach is scuttling in to challenge the term unicorn as the definitive word for a startup that reaches a valuation of a billion of more. It underpins a VC investment strategy for investing in billion dollars startup focused on resiliency. Whilst a unicorn achieves meteoric almost magical growth, Cockroach achieves slow, steady, sustainable growth.

Smart Contract

Smart contracts are computer protocols that facilitate, verify, of enforce a digital contract. The idea is that these programs will eventually be used to replace lawyers and banks when handling common legal and financial transactions.

Payment gateway

A service provider that facilitates credit card transaction for online business.

Thank you for reading this article if you have something to say please leave a comment i would love to hear from you guys. I hope it was helpful for those who are new into crypto-world. If you reading my article for first time do subscribe i will be writing more about crypto.

Here is my previous article about some other jargon which are used regularly in crypto news and podcast.