What is fintech in finance and cryptocurrencies?
Fintech is an industry that brings together companies that use technology and innovation to transform financial services. It includes payment services, neobanks, and also blockchain-based solutions.
What is the flippening in cryptocurrencies?
The flippening is a hypothetical moment when Ethereum overtakes bitcoin in market capitalization and becomes the number one cryptocurrency. The reverse scenario is jokingly called the floppening.
What is flat (sideways trend) in cryptocurrency trading?
Flat, or a sideways trend, is a market state in which the price moves within a narrow horizontal range without a pronounced trend. It is a period of calm between upward and downward movements.
What is a fork in a blockchain?
A fork in a blockchain is a change to the rules by which a block is recognized as valid. There are soft forks and hard forks, which affect the unity of the network in different ways.
What is a cryptocurrency fork?
A cryptocurrency fork is a new coin created on the basis of existing code or an algorithm with certain changes made to it. This is how altcoins based on Bitcoin and Litecoin came about.
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