Crypto #XLM #ZionCoin


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Today is 24/05/2022 in this video I focus on the the #DJI and jump in to the charts.

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Some handy Crypto words and meanings

When you think Bitcoin think:

* 51% attack: A hypothetical situation where more than half of the computing power on a blockchain network is controlled by one person or group, thus allowing them to dictate which transactions are verified. This would allow them to prevent other users from completing confirmed transactions and cause havoc within the system, and double-spend coins.

* 51% attack protection: A protection mechanism implemented by several cryptocurrencies that require more than 50% of their total hashing power working together as one entity (which would make it difficult for attackers since they'd need even more resources and time) or if this threshold is below 100%, having an additional safeguard feature where at least 66% must agree with every transaction before sending, making them unable to double-spend anything without others noticing until these changes are made on the chain permanently.

#Bitcoin: The first decentralised cryptocurrency released in 2009.

* Bitcoin maximalist: A person who defends bitcoin against all other crypto assets.

* Blockchain: A type of decentralised public ledger which contains records/transactions and forms the basis for how many cryptocurrencies work, using cryptography to link together blocks in a chain so that each block is linked with the previous one chronologically, preventing any tampering or revisionist history from occurring since it would be recognised immediately by other users on the network.

* Block height: When discussing blockchain networks such as BitcoinBTC), this term refers to how many blocks make up their total height/length starting from block #0, also called its genesis block, which was mined during the first round of updates to this network.

* Block size limit: The maximum amount of data that can be included in a block, measured in bytes. Bitcoin's is hard-coded at one megabyte while Ethereum's was recently increased to around 20% of that number (to roughly 12.66MB), with plans for it to increase further over the coming years.


When you think altcoins think:

* Air gapping:  The act of keeping digital information or machinery isolated from unauthorised access in order to enhance security.

* Altcoin: Any cryptocurrency that is an alternative to Bitcoin.

* ATH: All-Time High, the highest value reached by an asset at any point in its history.

* Bullish: When investors are bullish, they expect a price to go up in the future and would be comfortable buying coins/tokens at these levels because they believe it will increase even more.

* Bull market: A market in which prices are rising, and investors expect even better returns.

#Smartcontract: A piece of code that is executed on the #blockchain after certain conditions have been met; this allows developers to create decentralised applications without having to build the blockchain from scratch.

Defi Decentralised finance: Pushes the development of alternative decentralised blockchain-based financial applications to enable peer-to-peer transactions without third parties. DeFi apps include lending platforms, exchanges

Have a great day

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