Stocks and Cryptocurrency Flashcards
A type of investment fund that is traded on stock exchanges like individual stocks that aims to replicate the performance of a specific index, asset class, or sector. They provide investors exposure to a diversified portfolio of assets without having to buy each individually.
ETF (Exchange-Traded Fund)
A decentralized and distributed digital ledger that records all transactions across a network of computers. It ensures transparency, security, and immutability of data
Blockchain
The process of validating and adding transactions to the blockchain. Powerful computers are used to solve complex equations
Mining
A divergence in the blockchains protocol that can lead to 2 separate versions of the blockchain.
Fork
Give a few examples of coins that have forked.
Ethereum - Ethereum Classis
Bitcoin - Bitcoin Cash, Bitcoin SV, Bitcoin Gold
Litecoin - Litecoin Cash, Dash,
A computer or device that participates in the operation of a blockchain by validating transactions, maintaining a copy of the blockchains ledger, and broadcasting information.
Nodes
Currency that is issued by the government but isnt backed by anything
Fiat
A place where you record deposits and withdrawals. A checkbook would be an example
Ledger
What is the max number of Bitcoins that will ever be produced
21 million
A physical wallet to place your coins in that cannot be hacked
Cold wallet
A digital wallet that is used to perform transactions
Hot wallet
Can you perform transactions with a cold wallet
No
A blockchain that authenticates data by solving complex computer problems. Operates off brute computer strength
Proof of Work
A blockchain that works like a raffle. Everyone has a chance to win, but the more coins you have on the blockchain the better your chances.
Proof of stake
Name some examples of proof of stake coins
Cardano, Solana, Ethereum 2.0, tron