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HASTARA BANK S.A.
2 min readMar 29, 2022

A cryptocurrency glossary can be very useful before making your investments, it is very important that you are familiar with important terms that will help you understand how the world of cryptocurrencies works, how are they born? Who values โ€‹โ€‹them? and what is your future?

๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐œ๐ฒ:

It is a type of digital currency free from financial entities or governments. Whose value is assigned by the people who use it. A cryptocurrency, cryptocurrency or cryptographic asset, is a digital medium of exchange that uses strong cryptography to protect transactions, control the creation of additional units, and verify the transfer of assets using distributed ratio technologies. [Wikipedia].

Wallet or digital wallet:

A digital wallet, also known as an electronic wallet or e-Wallet, refers to an electronic device, mobile banking service or mobile application that allows one party to conduct electronic transactions with another party that exchanges units of digital currency for goods and services.

Blockchain:

The block chain, better known by the English term blockchain, is a single, consensual record distributed in several nodes of a network. In the case of cryptocurrencies, we can think of it as the ledger where each transaction is recorded.

Cryptography:

Cryptography (from the Greek ฮบฯฯฯ€ฯ„os (kryptรณs), โ€œsecretโ€ and ฮณฯฮฑฯ†ฮฎ (graphรฉ), โ€œgraphicโ€ or โ€œwritingโ€, literally โ€œsecret writingโ€) has traditionally been defined as the field of cryptology dealing with cryptography or scrambling techniques.

Miners:

Bitcoin miners are the key figure in the blockchain that supports this cryptocurrency and of the approximately 800 (and soaring) cryptocurrencies that exist.

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