13 Crypto Terms You Must Know Before Trading!

13 Crypto Terms You Must Know Before Trading!

Don't worry! We're here to help you get a grasp on this Have you ever read one of our weekly crypto news recaps and scratched your head wondering what the heck these crypto enthusiastic nerds are talking about . If you're nodding your head, then keep reading because this article contains the most popular terms in the crypto sphere that you should probably know before venturing in with your money: Note: these terms might sound difficult to understand because most of them originated from the IT and programming sectors. But have no fear our intrigued reader, AlBawaba Business is here to decipher ! A method of payment that only exists in digital form only so it is neither physical nor tangible like fiat coins. Bitcoin is the world's first digital currency that was created in 2009 by a person or a group of people under the name Satoshi Nakamoto. Bitcoin promises lower fees than traditional payment methods and is operated by a decentralized system as it's not backed by a government nor any commodity. A distributed ledger system consists of a sequence of blocks (units) that contains digital information which is stored in a decentralized public database. Data