Author: tayyaba
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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.
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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.
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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.
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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.
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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.