What is crypto mining and how does it work?

In the crypto world, mining happens when people use their computers to solve super complicated math problems that make sure new crypto transactions are correct, which adds to the blockchain (aka the receipt). These people “mining” are then paid in—you guessed it—Ether coins.

What does Hodl mean in cryptocurrency?

“HODL” is a misspelling of “hold,” referring to the buy-and-hold strategy among cryptocurrency investors. The “hodling” strategy helps investors avoid realizing loss from the short-term volatility of cryptocurrencies and gain returns from long-term value appreciation.

What is a cryptocurrency and how does it work?

Cryptocurrencies are digital assets that rely on an encrypted network to execute, verify, and record transactions, independent of a centralized authority such as a government or bank. Cryptocurrency was developed as an alternative to the dollar, and its functions can make it an attractive investment.

What does “to the Moon” mean in crypto?

This is a misspelling of “wrecked”. This term refers to a trader or investor who is utterly ruined and destroyed with losses from the current downfall of a price. 8. TO THE MOON This refers to a crypto’s upward momentum as it keeps climbing in price, as in, “The price of this coin will one day go to the moon!” 9. ADDY