Bit

The universal unit of measurement for computational resources represented as a 0 or 1 in binary code.

Additionally, a Bit is a fractional unit of account for Bitcoin; 1,000,000 Bits is equal to 1 Bitcoin.  (not to be mistaken with satoshi, which is the smallest unit of measurement for fractions of a Bitcoin.)

      Related Terms:

      Resources

Name Price24H (%)
Bitcoin (BTC)
$6,724.64
-1.51%
Ethereum (ETH)
$140.85
-1.24%
Litecoin (LTC)
$40.41
0.57%
Tezos (XTZ)
$1.68
-0.38%
Monero (XMR)
$53.07
4.04%
Dash (DASH)
$67.53
-1.35%
NEO (NEO)
$7.00
-0.52%
Donate

BTC: bc1qcskmel9llhrdqj3arxyqnennx4ashvfutlreyy
LTC: ltc1qa0fj4lcu5365rep50aza5fqqvx8ef0afemh6s5
ETH: 0x071D72dbc48ad2Fe35daE256eCF0834C5dde688c
DASH: XgXHqVyJiQNdVVszH9cnqCP4uWcP8tVxdK
BNB: bnb1mau4j8kry0jgw45ufy69hvhd0k04llet8fk2p6

Connect With Us

Air Drop

Commonly understood to be a marketing stunt, airdrops are an approach to distribution used by startup crypto-asset projects looking to attract some attention. A method of distributing cryptocurrency in which market participants do not need to exchange their existing assets for a new one; but rather receive it based on some prerequisite factors (such as holding a parallel cryptocurrency).

Majority of the time participants in airdrops do not need to go out of their way to procure the new assets; the assets are either given out entirely for free or in return for some kind of social activity (tweeting, following, etc). However, some of the time, “AirDrops” can happen unintentionally due to chain-splits (also known as Hard-Forks)  

      Related Terms:

Name Price24H (%)
Bitcoin (BTC)
$6,724.64
-1.51%
Ethereum (ETH)
$140.85
-1.24%
Litecoin (LTC)
$40.41
0.57%
Tezos (XTZ)
$1.68
-0.38%
Monero (XMR)
$53.07
4.04%
Dash (DASH)
$67.53
-1.35%
NEO (NEO)
$7.00
-0.52%
Donate

BTC: bc1qcskmel9llhrdqj3arxyqnennx4ashvfutlreyy
LTC: ltc1qa0fj4lcu5365rep50aza5fqqvx8ef0afemh6s5
ETH: 0x071D72dbc48ad2Fe35daE256eCF0834C5dde688c
DASH: XgXHqVyJiQNdVVszH9cnqCP4uWcP8tVxdK
BNB: bnb1mau4j8kry0jgw45ufy69hvhd0k04llet8fk2p6

Connect With Us