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Accounting Errors, The Trial Balance, And System DesignBookkeeping using hardback books is simple, but also very error-prone. Errors can range from misdescribing a transaction to incorrectly calculated numbers. No one would argue that accoutning is one of those industries where it felt natural for computers to completely revolutionize the proc...
Published 2 months ago
Who Is A Liquidity Provider?A liquidity provider (LP) is a person or organization that supplies assets, such as cash, stocks, or cryptocurrencies, to a market so others can easily buy or sell. In both traditional asset markets and cryptocurrency markets, liquidity providers usually deposit a combination (or ratio) of...
Published 2 months ago
What Are Gas Fees?Just like you need gas to get a car moving, gas fees are what you pay to miners or validators to verify and record transactions or to run smart contracts on the blockchain. These fees go to validators as compensation for the computational work required to perform these actions....
Published 2 months ago
What Are Gas Fees?Just like you need gas to get a car moving, gas fees are what you pay to miners or validators to verify and record transactions or to run smart contracts on the blockchain. These fees go to validators as compensation for the computational work required to perform these actions....
Published 2 months ago
What Is A Market Price?A market price is the current price at which an asset, like a stock, cryptocurrency, or commodity, can be bought or sold in the open market. This price is determined by the supply and demand in the market. For example, when more people want to buy a particular asset than sellers are...
Published 2 months ago
What Is A Bid-Ask Spread And Slippage?The bid-ask spread in a market is the difference between the highest price a buyer is willing to pay (the bid) and the lowest price a seller is willing to accept (the ask) for an asset. For example, if a stock's bid is $100 and its ask is $101, the bid-ask spread is $1. Sli...