Did you hear the big news? TOGGLE has expanded its coverage to now include more than 400 cryptocurrencies in its database. Here’s a guide to walk you through the different indicators which the TOGGLE AI system will be monitoring in order to generate insights.
But first, a few key terms:
- Ledger - a collection of recorded transactions since inception (in this case, an online ledger)
- Block - data/a single financial transaction broadcast by users of the network along with proof that the transaction is valid
- Blockchain - a distributed ledger, spread across multiple computers consisting of blocks, through which data is added and updated in real-time via consensus of the different nodes running the software in the network. Once data is added, it cannot be removed or modified.
- Address - a string of characters that represents a wallet that can send and receive cryptocurrency. It is similar to a real-life address, email or website. Every address is unique and denotes the location of a wallet on the blockchain
- Native - a blockchain’s inherent digital currency. In the case of bitcoin, it’s only purpose is as a cryptocurrency; so Bitcoins are the native crypto for Bitcoin.