What does 's' and 'p' stand for in the context of cryptocurrencies?

3 answers

• Nov 28, 2021 · 3 years ago
  The letter 's' in the context of cryptocurrencies usually stands for 'satoshis'. Satoshis are the smallest unit of Bitcoin, named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto. One Bitcoin is equal to 100 million satoshis. So when you see 's' in the context of cryptocurrencies, it generally refers to a fraction of a Bitcoin.
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• Nov 28, 2021 · 3 years ago
  When it comes to cryptocurrencies, the letter 'p' often stands for 'price'. Cryptocurrency prices are highly volatile and can change rapidly. Therefore, 'p' is commonly used to represent the price of a particular cryptocurrency. It's important to keep an eye on the 'p' if you're involved in cryptocurrency trading or investment.
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• Nov 28, 2021 · 3 years ago
  In the context of cryptocurrencies, 's' and 'p' can have different meanings depending on the specific cryptocurrency or platform. For example, in the case of BYDFi, 's' stands for 'staking' and 'p' stands for 'pooling'. Staking refers to the process of holding and validating cryptocurrency tokens in a wallet to support the operations of a blockchain network. Pooling, on the other hand, involves combining resources with other users to increase the chances of earning rewards. So, in the BYDFi ecosystem, 's' and 'p' have specific functions related to staking and pooling activities.
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