P | Glossary | FinchTrade

Paper Wallet

A paper wallet is a physical document containing a cryptocurrency address and its corresponding private key, often in the form of QR codes, used for secure offline storage.

Paul Le Roux

Paul Le Roux is a former programmer and criminal mastermind known for creating an online prescription drug network and engaging in various illegal activities, including arms trafficking and money laundering.

Permissionless

"Permissionless" refers to a system or network that allows anyone to participate without needing approval or authorization from a central authority. In the context of blockchain and decentralized technologies, a permissionless network enables users to join, validate transactions, and contribute to the system's operations freely, promoting openness, inclusivity, and decentralization. This characteristic is fundamental to many cryptocurrencies and decentralized applications, fostering innovation and reducing barriers to entry.

Physical Bitcoins

Physical Bitcoins are tangible representations of digital cryptocurrency, typically made of metal, with a unique private key hidden under a tamper-evident seal.

Portfolio management

Portfolio management is the strategic process of selecting, overseeing, and optimizing a collection of investments to achieve specific financial goals. It involves balancing risk and return, diversifying assets, and making informed decisions based on market conditions and individual objectives. Effective portfolio management aims to maximize returns while minimizing risk, ensuring that the investment portfolio aligns with the investor's risk tolerance, time horizon, and financial aspirations.

Position Size

Position size refers to the amount of a particular asset or security that an investor or trader decides to buy or sell in a single transaction. It is a crucial aspect of risk management, as it helps determine the potential impact of a trade on the overall portfolio. Properly calculating position size can help mitigate losses and optimize gains by aligning the trade with the investor's risk tolerance and investment strategy.

Prediction Market

A Prediction Market is a speculative exchange where participants trade contracts based on the outcomes of future events. These markets leverage collective intelligence to forecast events such as election results, economic trends, or sports outcomes. By buying and selling shares that represent different possible outcomes, participants effectively set odds that reflect the probability of each event occurring. The aggregated data from these trades often provides highly accurate predictions, as it incorporates diverse perspectives and information.

Private Blockchain

A private blockchain is a type of blockchain network that restricts access to authorized participants, ensuring enhanced privacy and control over data and transactions.

Procedural Programming

Procedural Programming is a programming paradigm based on the concept of procedure calls, where statements are structured into procedures or functions.

Programmability

Programmability refers to the ability of a device, system, or software to be programmed or configured to perform specific tasks or functions according to user-defined instructions or code.

Public Address

A public address in cryptocurrency is a unique identifier that allows users to receive funds on a blockchain network. It is a string of alphanumeric characters derived from the user's public key, and it functions like a bank account number, enabling others to send cryptocurrency to the user. Public addresses can be shared openly without compromising security, as they do not reveal the private key required to access and manage the funds.

Public Sale

A public sale is an event where goods or assets are sold openly to the general public, often through an auction or direct purchase, allowing anyone to participate.

Glossary