Credit and thanks to Nick Black! Market cap: The total value of all the coins of a particular crypto. Calculated by multiplying the current price per coin by the total number of coins in circulation. Typically used to rank cryptos, such as on the website CoinMarketCap.com. As of this writing, the total market cap for…
Credit to Nick Black and the Crypto and Coffee Team! Game theory: The process of modeling the strategic interaction between two or more players in a situation containing set rules and outcomes, often employed by Nick Black to determine the best strategy for profiting from a crypto investment. Gas: The unit used to calculate the…
Again, with Special Thanks to Nick Black and the Money Map team! dApp: Short for decentralized application, a kind of application that runs on a distributed, decentralized network, such as the Ethereum network, rather than a device such as a smartphone or PC. Decentralization: The concept of having no central authority such as a company,…