Cryptocurrencies: XERA Translation Case Study
Cryptocurrency Translation Project for XERA Ltd.
A Few Crypto Key terms Explained:
A blockchain – originally block chain, is a growing list of records referred to as ‘blocks’ . The blocks are linked by cryptography with each block containing a cryptographic hash of the previous block, a timestamp, and transaction data.
Bitcoin is a cryptocurrency. It is a digital currency without a central bank or single administrator that is decentralized and can be sent between users on the peer-to-peer bitcoin network without the need for intermediaries.
A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
An altcoin is any digital cryptocurrency similar to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any cryptocurrency that is not a Bitcoin like Ethereum or NEO.
A cryptocurrency exchange or a digital currency exchange (DCE) is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies.