Paxos Standard

Meaning of Paxos Standard It is a Stablecoin known as the first digital asset issued by a financial institution and is backed by USD. It is represented with PAX just as BTC for Bitcoin! See Altcoin. Paxos Standard token is created each time a dollar deposit is made and destroyed when withdrawn at 1PAX = […]

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Stablecoin

Meaning Of Stablecoin It means the crypto coin/token is less volatile in price usually pegged to a specific currency like USD. Thus, 1Stablecoin is considered to be equal 1USD if pegged to it with a USD equivalent of it in a bank account. Example of Stablecoin USDT, PAX, TUSD, USDC etc. 1Stablecoin = 1USD; 1Stablecoin […]

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TRC20 Token

Meaning Of TRC20 Token It means the token adhere strictly to TRON Token technical standard known as TRC-20 to work easily as Cryptocurrency on Tron Blockchain and mostly compatible with Tron wallets. See TRC, TRC10, TRC777!  

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TRC10 Token

Meaning Of TRC10 Token It means the token adhere strictly to TRON Token technical standard known as TRC-10 to work easily as Cryptocurrency on Tron Blockchain and mostly compatible with Tron wallets. See TRC, TRC20, TRC777!  

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Tron Request for Comments

Meaning of Tron Request for Comments It means Tron Token technical standard and defines a common list of rules that a Tron token has to implement to work perfectly on the Tron Blockchain. Example of Tron Request for Comments Some examples of existing TRC are TRC20, TRC10 etc.

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Token Burn

Meaning of Token Burn Token burn happens when a certain percentage of cryptocurrency tokens maximum supply is totally destroyed and rendered unspendable forever. It may be sent to the gateway, where they are burned (destroyed by sending them to an unspendable address). Usually done to destroy what is considered excessive supply to reduce the maximum supply […]

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ERC1155 Token

Meaning of ERC1155 Token It means the token adhere strictly to Ethereum Token Standard known as ERC-1155 to work easily on multiple Blockchains apart from Ethereum Blockchain. It was introduced by Enji in late 2018 See CryptoCollectible, ERC, ERC20, ERC23, ERC721, Non-Fungible Token!

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Wrapped Bitcoin

Meaning of Wrapped Bitcoin It is Bitcoin backed ERC20 token created on the Ethereum Blockchain to serve as bridge token between BTC and ETH Blockchains. Created: October 2018 Creator: Dark Pool and BitGo Ratio To Bitcoin: 1WBTC = 1BTC  

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Price Volatility

Meaning of Price Volatility It refers to price of a coin/token not been stable for long making it less predictable. The whole cryptosphere price is considered volatile.

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Bitcoin Core

Meaning of Bitcoin Core This is the technical name given to the original Bitcoin created by Satoshi to differentiate and identify it from other Bitcoins that forked from the main Bitcoin Blockchain. Its currency ticker is BTC.

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