What is a smart contract?
A smart contract is a self-executing program stored on the blockchain. It automatically enforces the terms of an agreement between two or more parties.
What is a stablecoin?
A stablecoin is a cryptocurrency designed to maintain a stable price, typically pegged to a fiat currency like the US dollar. This stability helps to reduce price volatility and make cryptocurrencies more suitable for everyday use.
What is an Initial Coin Offering (ICO)?
An ICO is a fundraising method used by cryptocurrency startups. It involves issuing new tokens or coins in exchange for investment capital, often in the form of Bitcoin or Ethereum.
What is a cryptocurrency exchange?
A cryptocurrency exchange is a platform that allows users to buy, sell, and trade cryptocurrencies. Examples include Binance, Coinbase, and Kraken.
Explain the difference between a hot wallet and a cold wallet.
A hot wallet is a cryptocurrency wallet that is connected to the internet, making it more vulnerable to hacking. A cold wallet, on the other hand, is offline and considered more secure.