The Cryptopedia is a community encyclopedia about cryptocurrencies, crypto economy, and blockchain technology. When we first get started with cryptocurrencies, terms and concepts may sound foreign. It can take significant time to understand how to implement the information and dive into the fantastic possibilities available in digital investments and decentralized finances. The goal of The Cryptopedia is to help you get basic crypto information faster and in a friendly manner. The Cryptopedia is free to use, and all are welcome to join in contributing and building the archives. Here's The Cryptopedia World! Sign up now to create your account and start learning and contributing today.

The Cryptopedia Glossary
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    Exchanges - Financial Concepts
    An exchange is a marketplace where people are able to buy and sell assets. The New York Stock Exchange (NYSE), for example, is a place where people are able to buy and sell stocks. In a similar way, there is an increasing number of cryptocurrency exchanges set up today. Some of the major exchanges include: Kraken (based in San Franciso), Gemini (Based in New York), Bitstamp (Based in Luxembourg), and Bitpanda (based in Viena). All cryptocurrency exchanges are not created equal. Different exchanges let you buy and sell different cryptocurrencies, and some even include other assets such as precious metal (gold and silver); different exchanges set different prices for their listed cryptocurrencies; and different exchanges have different volumes of trades happening on them, which changes how easy it is to buy or sell cryptocurrency efficiently.
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    Fiat - Assets
    Fiat refers to government-issued currencies, such as the U.S. dollar, the euro, and the Brazilian Real. They do contrast with cryptocurrencies, but these two are slowly beginning to blur as governments and world economies begin to issue and adopt stable coins and other cryptocurrencies into their financial systems.
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    Liquidity - Financial Concepts
    The availability of liquid assets (ready to be bought or sold) to a market or company. For example, cash is a liquid asset. Liquidity may also refer to a high volume of activity in a market. For example, high buying and selling bitcoin during a bull market.
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    Litecoin (LTC) - Coins & Tokens
    Litecoin (LTC) is a “clone” of Bitcoin released in 2011 by Charles Lee, but with a larger pool of total coins, shorter block processing times, and a different hashing algorithm. Lee believed that BTC was better suited to be a store of value, like gold, rather than a true currency. He created LTC to be the digital equivalent of silver: it’s in the same asset class as Bitcoin’s digital gold, but LTC is designed to be less valuable and easier to transact with.
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    Stable Coin - Assets
    Stable coins are cryptocurrencies intended to maintain a stable price and value, in contrast to the other extremely volatile cryptocurrencies (such as Bitcoin and Ether). Financial crypto institutions achieve this goal by issuing tokens with a value pegged to particular fiat currencies. There are decentralized and centralized types of stable coins. For example, the MakerDao foundation is a decentralized project that issues a token, DAI, which is designed to always be worth $1 USD. DAI is a stable coin pegged to the US dollar and backed by Ethereum as collateral. And Tether is an example of a centralized, private project that issues a token, the USDT, which is a stable coin also pegged to the US dollar, but backed by fiat and other mixed assets.