CryptoURANUS Economics

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Thursday, May 6, 2021

Lambo: Defined in CryptoCurrency

Lambo: Defined in CryptoCurrency



Lambo is defined as a short form of “Lamborghini”, the exotic Italian sports car many investors in cryptocurrency want to buy when they are rich.

Ledger: Defined in CryptoCurrency

Ledger: Defined in CryptoCurrency

 

A ledger is a book or other collection of records in which a person, business, or other group records how much money it receives and spends.

Leverage: Defined in CryptoCurrency

Leverage: Defined in CryptoCurrency

 

Leverage is increased investment power through margin. Margin is a borrowed asset (stocks or cryptocurrencies), usually from the financial services company you are investing with, that allows you to make larger investments in the hopes of making even more money. 


Leverage allows the investor to control much more assets than he actually owns giving him the opportunity to make or lose more money.

Lightning Network: Defined in CryptoCurrency

Lightning Network: Defined in CryptoCurrency




The Lightning Network is technology that allows near-instant and low fee transactions of cryptocurrencies using bitcoin’s technology. 


With cryptocurrencies like bitcoin, it can take an average of 10 minutes for your transaction to be registered in the digital recording known as the blockchain. 


The Lightning Network will make those transactions instant.

Limit Order: Defined in CryptoCurrency

Limit Order: Defined in CryptoCurrency


A limit order is defined as a request to buy or sell an asset (stock, crypto, etc) at an exact price or better. A limit order’s priority is price.

A limit order is used to purchase or sell an asset at a price that would get you the best price and maximize your profit. 

It is best used when your priority is profit rather than speed.
  • A buy limit order will only be executed if the price meets your limit order or is lower (more affordable).
  • A sell limit order will only be executed if the price meets your limit order or is higher (more profitable).
The risk with limit orders is that if the asset you want to buy never reaches your targeted price range, your order will not execute. 

An additional risk is that even if your target price is reached, the number of freely available assets may be limited and so you may not be able to purchase the entire quantity you ordered.

Sharding: Defined in CryptoCurrency

Sharding: Defined in CryptoCurrency


Sharding is defined as a smaller pieces of a whole. In technology, sharding is a small part of a large computer program that is quicker and more manageable to run.


Shard comes from an Old English word that meant, “to cut” and in present time, a shard is a small piece of a bigger whole. By sharding a massive computer program, you can reduce the computer requirements and make a large program more manageable. 


In other words, with sharding, smaller portable computers can run what used to require a larger, more powerful, and expensive computer.

In blockchain technology, the files are often over 100 gigabytes in size and growing. 

Using sharding, the huge blockchain program is split up and shared by the network of thousands of computers.

Segregated Witness: Defined in CryptoCurrency

Segregated Witness: Defined in CryptoCurrency


Segregated witness is a technology that moves some information recorded into the bitcoin system known as the blockchain into a separate recording. When someone sends bitcoin to another, the technology must verify that the sender has enough in his account. 


Once the technology verifies this, it “signs” the recording (block) as a witness. Each bitcoin recording is limited to 1 megabyte (MB) in size and new recordings are made every 10 minutes. Because the signature takes up a lot of space in the recording, relocating it to a different recording, also known as segregating, will allow man