Investing

Inflation is a process that decreases the value, or purchasing power, of a fiat currency.

Bitcoin manages to solve this issue thanks to confirmations and its proof of work consensus mechanism.

A private blockchain operates by invitation only and is often run by an entity or ‘trusted intermediary’.

Scarcity is a term in economics that refers to something that is finite or limited.

A Hash Time Locked Contract (HTLC) is a form of payment that uses hash-locks and time-locks to complete the transaction.

Budgeting is developing a tier system for your finances with essentials at the top, savings in the middle, and non-essentials at the bottom.

Cryptography is the key to blockchain technology and allows the storage of huge numbers of transactions and protect them from hackers.

An unspent transaction output (UTXO) is the amount of digital currency left over after a cryptocurrency transaction.

When you save money, as well as earning interest on the savings, you also earn interest on the interest itself.

Interest is the price paid for borrowing or lending money.

The Byzantine Generals Problem describes the difficulty of achieving consensus in distributed systems.

The Howey Test is used to determine whether an asset qualifies as a security.