Benchmark

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In trading, it is the act of measuring the performance of one asset by comparing it to another. In computer science, a benchmark is a process of assessing a computer or program's performance using a battery of standard tests.

 

Bitcoin

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Bitcoin is most known for being the first cryptocurrency and blockchain officially released in 2009. Bitcoin as defined by its creator Satoshi Nakamoto: “a purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution… We propose a solution to the double-spending problem using a peer-to-peer network.” https://bitcoin.org/bitcoin.pdf

 

Broker-Dealer

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An individual that operates as an intermediary between their clients and a specific market to trade securities and other tradable assets. Broker-dealers also give advise, provide liquidity as a market maker or raise capital for a company. Broker-dealers use their account to make trades for themselves or on behalf of their clients.

 

Coin

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The single unit of an independent cryptocurrency that is used to exchange value much like the word dollar is used in the United States to describe a single unit of currency. Often the terms “coin” and “token” are viewed as synonyms. However, there is a difference: a coin refers to a single unit of a cryptocurrency such as Bitcoin which functions to transfer value using its mainnet whereas a token is a programmable application created on top of a cryptocurrency's mainnet. Ethereum's mainnet allows for the creation of tokens using its ERC-20 standard.