GLOSSARY

GLOSSARY

We continue studying important terms in the field of cryptocurrencies.

 

ATOMIC SWAP: It's a smart contract technology that enables exchange of one cryptocurrency for another without using centralized intermediaries, such as Exchanges.

ASIC: The Application-Specific Integrated Circuit is an integrated circuit customized for a particular use, rather than intended for general-purpose use. In the cryptocurrency world, it is used to solve hashing problems and thus generate new cryptocurrencies, which is known as cryptocurrency mining.

CRIPTOGRAFÍA: Set of mathematical techniques and methods that protect the information of the data registered in the Blockchain, providing them with security and guaranteeing their immutability.

DEFLACIÓN: Reduction of prices in an economy during a certain period of time.

FUD (Fear, Uncertainly, Doubt): Disinformation strategy used in sales, marketing, public relations, politics, and others. In this case, it's a strategy to influence perception of the crypto market by disseminating negative and dubious or false information.

 

By Lilia López Chamorro

  • Lilia López Chamorro

    Lilia López Chamorro

    Mi nombre es Lilia López Chamorro, de nacionalidad colombiana, mi profesión es Contadora Pública especialista en Gerencia Tributaria... tengo una amplia experiencia profesional y trabajo como independiente en uno de los sectores comerciales que hay en la ciudad donde vivo que es San Juan de Pasto.

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