Crypto Terms:
Letter A
Jun 19, 2023 |
updated Apr 05, 2024
What is Abstract?
Abstract Meaning:
Abstract -
is a concept or idea that does not have a physical representation.
Let's find out Abstract meaning, definition in crypto, what is Abstract, and all other detailed facts.
The abstract term is obtained from a Latin word that means "separated" or "drawn apart". To be more specific, drawn away from the actual reality and the physical world.
An abstract is a concept or idea that does not have a physical representation. This idea can be used to summarize the most significant aspects of a bigger entity. Furthermore, it can be considered as a syllabus with plain principles and no extra elaboration.
ledger. From there, the accounts can be used to prepare financial statements for specific accounting periods.<\/p>\n<p>In the context of crypto, an account refers specifically to a <strong>cryptocurrency account<\/strong>. Users require a crypto account to access and utilize <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-centralized-exchange-cex/">cryptocurrency exchanges<\/strong><\/a>.<\/p>\n<p>A cryptocurrency account provides the owner with access to <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-hot-wallet/">hot wallets<\/strong><\/a>, which allow them to buy, sell, and trade cryptocurrencies. An account also acts as an identifier or a way to keep <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-public-key/">public keys<\/strong><\/a> during the exchange process.<\/p>\n<p><strong>Account holders<\/strong> can receive special promotions. On the users’ end, accounts can be used to manage everything on the platform or exchange. The account acts as a configurative console that can be adjusted based on the user’s needs. Users can customize their spending limits or other personal preferences.<\/p>","definition":"a record-tool that tracks the financial activities of a specific asset or revenue.","status":"published","updated_at":"2024-04-05T20:54:26.000000Z"}"
:prev-section="{"id":954,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Absolute_Advantage","level":"easy","section":"A","keyword_en":"Absolute Advantage","author_id":1,"created_at":"2023-06-19T06:59:01.000000Z","slug":"what-is-absolute-advantage","title":"What is Absolute Advantage?","keyword":"Absolute Advantage","content":"<p>Absolute Advantage is a term that demonstrates a direct advantage of one party over the other. The advantage can be shown when creating or offering a particular <strong>product or service<\/strong>. Meaning that one party is performing better than the other.<\/p>\n<p>It’s a concept that is widely used in <strong>economics<\/strong>.<\/p>","definition":"a structure in which one party has an advantage in performance when creating or providing services and products.","status":"published","updated_at":"2024-04-05T20:49:02.000000Z"}"
:model="{"id":9,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Abstract_and_concrete","level":"easy","section":"A","keyword_en":"Abstract","author_id":1,"created_at":"2023-06-19T06:58:58.000000Z","slug":"what-is-abstract","title":"What is Abstract?","keyword":"Abstract","content":"<p>The abstract term is obtained from a Latin word that means \"separated\" or \"drawn apart\". To be more specific, <strong>drawn away from the actual reality and the physical world<\/strong>.<\/p>\n<p>An abstract is a concept or idea that does not have a physical representation. This idea can be used to <strong>summarize the most significant aspects<\/strong> of a bigger entity. Furthermore, it can be considered as a syllabus with plain principles and no extra elaboration.<\/p>","definition":"is a concept or idea that does not have a physical representation.","status":"published","updated_at":"2024-04-05T20:51:25.000000Z","author":{"id":1,"user_id":1,"image_id":2641,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-02-29T07:19:25.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","referral_token":"05TMu2NysXOCn525","referred_by":null,"last_connected_at":"2024-04-09T08:14:54.000000Z","created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-04-09T08:14:54.000000Z","full_name":"Aaron S."}}}"
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current-chapter="A"
current-section="what-is-abstract">
