Category: Crypto Currency Interview Question

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.

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.

A cryptocurrency exchange is a platform that allows users to buy, sell, and trade cryptocurrencies. Examples include Binance, Coinbase, and Kraken.

 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.

A cryptocurrency wallet is a digital software program that allows users to store, manage, and transact cryptocurrencies. It holds the user’s private keys, which are necessary for accessing and controlling their funds.