Cryptocurrency

Finance Glossary

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Crucial Finance Terms Explained | SoftwareDekho Glossary

Cryptocurrency has gained significant popularity and economic value within the last few years though there is a lot of discussion and controversy in the market concerning the sustainability and the regulation of Cryptocurrency. Its advocates appreciate its structure and the fact that it is not tied to any third-party intermediaries such as banks. However, cryptocurrency enables unlawful transactions and fraud and uses a lot of energy because of the use of proof-of-work. 
In light of the changing regulatory landscape and with the use of new technologies including smart contracts, cryptocurrency is poised to revolutionise the sphere of finance and international trade if key issues are to be solved. The legitimacy of the mainstream adoption by big players in the financial and technology industries, such as banks and online retailers, adds further credibility, but there is still ambiguity on the future of cryptocurrency.

Cryptocurrency is defined as digital or virtual money that uses cryptography for security and is not controlled by mainstream banking institutions and governments. Bitcoin, released in 2009 by an unknown person or a group under the pseudonym Satoshi Nakamoto, is the first modern Cryptocurrency, employing cryptography to secure the funds and the blockchain as the public database. 

Definition of Cryptocurrency- Finance Glossary | SoftwareDekho

Finance

Finance as a discipline is very broad and can be categorized into categories such as; personal finance, corporate finance and public finance. It incorporates the arts of maintaining income as well as expenditure, decision-making on investments and computations of finances of financial markets. For a person or an organization to be financially sound and able to make sound decisions regarding finances then he or she needs to be financially literate.


It is concerned with the generation of income, accumulation and its disbursement in satisfying everyday needs as well as investment. Finance involves the proper management of funds to meet certain predetermined objectives.

Definition of Finance - Finance Glossary | SoftwareDekho

Internet Speed Test

An internet speed test provides details on the upload and download rates of your internet connection. This simple tool can help you find out whether or not your provider is delivering the speeds they claim to provide, as well as spot potential network issues.

Base Transceiver Station

One of the key elements in a cellular network is the base transceiver station (BTS). It serves to connect mobile devices with the rest of the telecommunications network, allowing for sending and receiving radio signals. BTSs are there to give coverage in specific areas and non-interruption communication for mobile users.

Download

A Download is transferring data from a remote server on the internet to another device or system for archiving, saving, or editing. Usually, this means getting on the Internet and downloading some files or retrieving some resources stored elsewhere. 

HRMS

HRMS (Human Resource Management System) is a software application for managing various aspects associated with the human resource operations of an organization. This can assist in simplifying approaches and ensure the effectiveness of HR functions.

ATM (Asynchronous Transfer Mode)

ATM (Asynchronous Transfer Mode) is a high-speed switching technology developed specifically for networks that can transmit both voice and data traffic. It offers the benefits of using any kind of data such as voice, video calls etc.

CPQ (Configure, Price, Quote)

CPQ (Configure, Price, Quote) is a software solution designed to help companies with the automation of their sales process, right from configuration and pricing to quoting products or services. This offers a single starting point for all sales teams who want to have correct and individualized quotes. 

A Storage Service Provider (SSP) is an entity that provides cloud storage to individuals or companies. It provides a stable and scalable storage infrastructure, helping end users store data on the cloud whilst allowing them to access and manage it remotely.

Scanner

A scanner is a device that basically converts hard copies (Images and Texts) through digitization, which allows your computer to store and manipulate those resultant digital files. Optical technology is used to capture the image into a digital representation.

Python

Python is an interpreted language that combines readability, simplicity, and ease of use. Today, it is one of the most popular languages in web development, data analysis and scientific computing or automation.

Smartphone

A phone or cellular telephone is frequently a portable phone which might produce and receive calls with a stereo link.

Google Trends

Google Trends is an online tool which has been made available free of charge by Google to enable the searching of any term and know the frequency at which it is searched for at any given time. It is useful in identifying topics that are popular at the moment as well as the time of the year when there is an increased search activity and how individuals and businesses within different geographical locations search. 

Information Technology

Information Technology involves the use of computers to store, transfer, and acquire information. It is made up of the following; hardware, software, database and networking. IT is of great importance in today’s world whether it is used for communication or business.

Duckduckgo 

DuckDuckGo is a search engine that seeks to protect user’s right to privacy. Unlike some of its counterparts, it does not follow users’ search records and does not pass individual data to advertisers. In fact, DuckDuckGo can be considered as being a search engine of a different kind as compared to Gmail and Google.

PDF is an output format that does not alter the formatting of the document no matter with which application the document was created. PDFs are used for transferring and storing documents on digital platforms.

PSK is an amplitude modulation technique in telecommunications by which information is conveyed by changing the phase of the carrier wave. It is widely employed in wireless communication networks like wireless fidelity or Wi-Fi and Bluetooth.

Software Asset Management

Software Asset Management (SAM) is defined as the process of monitoring and controlling an organization’s software assets as well as usage rights. It involves checking compliance with licensing agreements and managing software investments for better efficiency.

Artificial Intelligence

Artificial intelligence can hence be described as the ability of a computer or machine to imitate tasks that are regarded as intelligent in human beings.

Bluetooth

Bluetooth is a Short Range Wireless Connectivity technology that is used to create a connection between two or more devices. Bluetooth is mostly used in communication of smartphones, head/phone and other related items.

Cyclic Redundancy Check (CRC)

Cyclic Redundancy Check (CRC) is an error detection code used to detect errors in data transmission over the transmitting media. Essentially, it looks into the data to arrive at a checksum value and then compares the checksum with the one received to determine the status of the data.

Java

Java is one of the high-level language programming languages in computer software application development. Besides, it possesses great platform independence, it is object-oriented and, finally, it has good community support.

Library

A place which allows people to borrow books, magazines and other print and non-printing materials. Libraries also conduct educational programs, workshops, and different events for the community. This is a place where a huge number of books, different journals and others are found and these institutions are called libraries. It means that they develop educational programs, workshops, and other events which contribute to the enrichment of people’s reading and, consequently, studying habits. Libraries can also be in charge of the preservation and dissemination of cultural and historical materials or promoting literacy among the communities.

Virtual Private Network

A technology that enables one to connect to the internet thus ensuring that one’s privacy and anonymity are guaranteed. Thus, their primary applications are to extend their capabilities to safely bypass geographical restrictions and to work remotely as well as to secure sensitive information. 

Avatar

An avatar is a graphical icon that a person selects and uses in virtual space applications such as in a game or social networks. Avatars have further features of mode of dressing as well as accessories which make it possible for the user to make avatars that represent his or her unique personality. 

HTML

It is the normal way of preparing the pages that build a site on the web and defining the layout and content of web pages. HTML to a certain extent, is used to organize the content, to determine the shape and appearance of the web page as well as its design. 

Swift

A programming language that was specifically designed for use in Apple devices such as iPhones, iPads, Mac computers, and the Apple watches among others. Swift is a contemporary and robustly developed language comfortable for learning and coding. It is applied to a diverse spectrum of applications, including small utilities, large games, and any commercial project.

Twitch

A social video streaming platform mainly built for and around video games. Through Twitch, users can play games and stream them live so that others can watch, and communicate with the streamer via the chat bar and the streamer can also recommend other games as well as introduce new streamers.

Browser

A program employed to retrieve and display web pages from the World Wide Web. Some of the most commonly used web browsers are Google Chrome, Mozilla Firefox, Apple’s Safari, and Microsoft Edge. Browsers come with features like tabbed browsing, bookmarking and extension, analyzably making the use of browsers more appealing to the users.

File

A collection of data that is processed in a computer system. In general, the contents of files can consist of text, images, sound, moving pictures or some other kind of information.

Link

A relationship between two items of data is usually utilized in web pages. The anchor or link is used to point to other web pages or some other resources. It is crucial for the web since it helps the users move from one page to another and get the information from it.

AOL Instant Messenger (AIM) was one of the pioneers of instant messaging programs, which became very popular in the nineties and the early years of the twenty-first century. Introduced by AOL, AIM enabled users to know the availability of friends, to instantly communicate with them and to share files and graphics.

Code

Computer code and programming languages give an understanding of the basic framework that underlies the development of software, applications, websites, and other technologies.

The CPU, or Central Processing Unit, is the primary component and the brain of computers and other devices that execute instructions and perform calculations. CPUs read program instructions stored in memory and then perform these instructions, which makes the CPU serve as the ‘brains’ of a computing apparatus.

Cybersecurity

Cyber security can be described as measures taken to prevent the various components that are associated with the internet such as the hardware, software, servers, and data, from being controlled by others or attacked. With increased use of consumer and business technologies which store large volumes of sensitive data and with continually new technologies coming online, the threat levels escalate each year through piracy, phishing, malware, denial of service, and network intrusion attacks which result in valuable losses

Dashboards

A dashboard is an instrument that presents information that is significant to a specific goal or operation. Dashboards are pull tools that combine numbers, metrics and sometimes performance indicators into a single screen to facilitate awareness and insight. 

Data Scientist

A data scientist analyzes large data sets using statistics, programming, and machine learning to extract insights. They help organizations make data-driven decisions and present findings clearly to stakeholders.

Extension 

An extension adds functionality or features to existing software, programs, or browsers, enhancing user experience or productivity without changing the core application. Examples include browser add-ons or plug-ins.

NAP - Network Access Point

A network access point (NAP) is hardware that can enable other wired or wireless devices to connect to a network and extend its coverage. Since NAPs are centralized physical points to interconnect different networks, they perform the role of relaying network communication between endpoints.

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