WealthBoy Digital

 

WealthBoy Digital is the Digital division of WealthBoy Entertainment.

WealthBoy Digital Product and Service Offerings:

1. Digital Solutions: We provide cutting-edge digital solutions that cater to various needs, including data analysis, software development, and cloud services.

2. Data Analytics: Our expertise in data analytics offers businesses valuable insights for data-driven decision-making.

3. Software Development: We excel in crafting software applications, spanning web, mobile, and desktop platforms.

4. Digital Marketing: Our digital marketing services encompass SEO, social media marketing, email marketing, and online advertising.

5. Content Creation: We offer content creation services, producing diverse media content for online platforms.

6. Cloud Services: Our cloud solutions provide scalable and secure hosting, storage, and computing resources.

7. Consulting and Advisory Services: We offer consulting and advisory services to help businesses navigate and make strategic decisions in the digital landscape.

8. AI and Machine Learning: Leveraging AI and machine learning technologies, we enhance various business operations.

9. Cybersecurity: We ensure the protection of digital assets and data with our cybersecurity services.

10. User Experience (UX) and User Interface (UI) Design: We specialize in creating user-friendly and visually appealing digital interfaces for a superior user experience.

11. IoT (Internet of Things): Our IoT solutions connect physical devices to the internet, enabling data exchange and automation.

12. Blockchain and Cryptocurrency: We are involved in blockchain technology and cryptocurrency-related services and products.

At WealthBoy Digital, we are a versatile digital company offering an array of services that span the digital landscape, catering to the diverse needs of businesses and individuals in the modern digital era.

What is Cryptocurrency?

Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service.

Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.

 

Web3

Web3, also known as Web 3.0, is an idea for a new iteration of the Internet that is based on public blockchains. The term was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2020 and 2021 from cryptocurrency enthusiasts, large technology companies and venture capitalist firms.

 
 
  • Web3 is a collection of JS libraries that lets you interact with an Ethereum node remotely or locally. Simply, it provides us with an API to use so we can easily work with the blockchain. Web3 works as a wrapper for JSON RPC to connect to a remote or local Ethereum node with either a HTTP or IPC connection.

  • While the Web2 was a frontend revolution, the Web3 is a backend revolution. It is a set of protocols led by blockchain, that intends to reinvent how the Internet is wired in the backend, combining the logic of the Internet with the logic of the computer.

 
 
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Terminology

  • Address

    An address is a unique string of letters and numbers that is used to receive cryptocurrency from another person.

    Address lengths vary. Bitcoin addresses are usually 26-35 characters (though most Bitcoin addresses are 34). Ethereum addresses are 40 characters (42 including Ox prefix). The private key is used to create the public key; the public key is used to create cryptocurrency from another person.

  • Airdrop

    An Airdrop is a method of distribution for a new cryptocurrency coin or token. Airdrops help to increase a projects visibility and circulating supply, and to create early buzz.

  • Atlcoins

    Tokens, cryptocurrencies, and other types of digital assets that are not bitcoin are collectively known as alternative cryptocurrencies, typically shortened to "altcoins" or "alt coins".

  • ATH

    ATH is an acronym for All Time High. This refers to the highest priced milestone a cryptocurrency has achieved. You can identify a cryptocurrencies ATH by the biggest peak on its historical (date range: ALL) price chart.

  • Bag

    Bags are cryptocurrency that has plummeted in value from its ATH.

  • Bag Holder

    Bag holders are individuals who own a large number of bags. Bag holders often acquired cryptocurrency during ATH or a Pump and Dump, leaving them with a discernible loss in profit when bag-status is reached. The collective strategy between bag holders is to "keep HODLing!!'.

  • Bears

    A bear is an investor who believes that a particular security, or the broader market is headed downward and may attempt to profit from a decline in stock prices. Bears are typically pessimistic about the state of a given market or underlying economy.

  • Bitcoin

    Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Bitcoin (with a capital B) refers to the overall concept of the Bitcoin P2P protocol & Bitcoin payment network. Bitcoin is the first open-source & decentralized cryptocurrency invented by Satoshi Nakamoto. The Bitcoin whitepaper was published in 2008, and Bitcoin was released in 2009.

  • bitcoin

    bitcoin (with a lowercase b) refers to an amount of Bitcoin. Example: 0.07 bitcoin. Bitcoin also has a Unicode character: B, which also refers to an amount of Bitcoin. Example: 0.07 B

  • Blockchain

    A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party.

  • BTD

    BTD is an acronym for Buy The Dip. It's spoken between traders to suggest acquiring a specific cryptocurrency during a price dip.

  • Bulls

    A bull is a stock market speculator who buys a holding in a stock in the expectation that in the very short-term it will rise in value whereupon they will sell the stock to make a quick profit on the transaction.

  • Cold Storage

    Cold storage refers to cryptocurrency wallets that are not accessible to the internet. Some examples of cold storage include hardware wallets (also referred to as hard wallets) and paper wallets. Cold storage is a safer approach to storing your cryptocurrency, as they're offline from potential breaches or hackers.

  • Cryptocurrency

    Cryptocurrency is a system that meets six conditions:

    1. The system does not require a central authority; its state is maintained through distributed consensus.

    2. The system keeps an overview of cryptocurrency units and their ownership.

    3. The system defines whether new cryptocurrency units can be created. If new cryptocurrency units can be created, the system defines the circumstances of their origin and how to determine the ownership of these new units.

    4. Ownership of cryptocurrency units can be proved exclusively cryptographically.

    5. The system allows transactions to be performed in which ownership of the cryptographic units is changed. A transaction statement can only be issued by an entity proving the current ownership of these units.

    6. If two different instructions for changing the ownership of the same cryptographic units are simultaneously entered, the system performs at most one of them.

  • Decentralized

    Decentralization or decentralisation is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group.

  • Dip

    "Buy the dips" means purchasing an asset after it has dropped in price. The belief here is that the new lower price represents a bargain as the "dip" is only a short-term blip and the asset, with time, is likely to bounce back and increase in value.

  • Ether

    Ether (ETH) is the main cryptocurrency of Ethereum. It is known as the 'crypto-fuel' for the Ethereum network, because along with ether being a cryptocurrency, it is also used to execute smart contracts.

  • Ethereum

    Created by Vitalik Buterin, Ethereum is an open source decentralized platform that focuses on smart contracts and executing the code of DApps. Ethereum runs on its own currency called Ether.

  • Exchange

    An Exchange is a website or mobile application where individuals can buy and sell cryptocurrencies using fiat money, bitcoin or altcoins.

  • Gas fees

    Gas fees are payments made by users to compensate for the computing energy required to process and validate transactions on the Ethereum blockchain. "Gas limit" refers to the maximum amount of gas (or energy) that you're willing to spend on a particular transaction.

  • Meta

    Metadata is "data that provides information about other data", but not the content of the data, such as the text of a message or the image itself. There are many distinct types of metadata, including:

    * Descriptive metadata — the descriptive information about a resource. It is used for discovery and identification. It includes elements such as title, abstract, author, and keywords.

    * Structural metadata — metadata about containers of data and indicates how compound objects are put together, for example, how pages are ordered to form chapters. It describes the types, versions, relationships and other characteristics of digital materials.

    * Administrative metadata — the information to help manage a resource, like resource type, permissions, and when and how it was created.

    * Reference metadata — the information about the contents and quality of statistical data.

    * Statistical metadata, also called process data, may describe processes that collect, process, or produce statistical data.

    * Legal metadata — provides information about the creator, copyright holder, and public licensing, if provided.

    Metadata is not strictly bounded to one of these categories, as it can describe a piece of data in many other ways.

  • Hot Storage

    Hot storage refers to cryptocurrency wallets that are connected to the internet. Some examples of hot storage include online wallets, software wallets, and storing your cryptocurrency within an online exchange account. The opposite of hot storage is cold storage.

  • Miners

    In a PoW system, miners are an individual's computer (full node) who earn mining rewards by processing blocks of transactions to add to the blockchain.

  • Mining

    Blockchain or distributed ledger technology is a shared ledger, duplicated across a network of computers or operators of “nodes” on the network, typically referred to as “Miners”.

  • Minting

    Minting is defined as the computer process of validating information, creating a new block and recording that information into the blockchain.

  • Mooning

    Mooning is a rapid price increase in a specific cryptocurrency. Interchangeable with the phrase 'To the Moon!'🚀🌖✨

  • NFT's

    A non-fungible token is a unique and non-interchangeable unit of data stored on a digital ledger. NFTs can be used to represent easily-reproducible items such as photos, videos, audio, and other types of digital files as unique items, and use blockchain technology to establish a verified and public proof of ownership.

  • Software Wallets

    Software wallets (commonly referred to as soft wallets) are cryptocurrency wallets that are based in software. Soft wallets come in three forms: desktop wallets, mobile wallets and web wallets. Soft wallets are a form of hot storage.

  • Stablecoin

    Stablecoins are altcoins that are designed to maintain a stable level of purchasing power.

  • Stocks

    Stocks are a type of security that gives stockholders a share of ownership in a company. Stocks also are called “equities.”

  • Staking

    Staking is a way to put your crypto to work and earn rewards on it. ... Staking cryptocurrencies is a process that involves committing your crypto assets to support a blockchain network and confirm transactions. It's available with cryptocurrencies that use the proof-of-stake model to process payments.

  • Symbol

    Symbol is a trusted and secure enterprise blockchain that smooths business friction, increasing the flow of data and innovation to supercharge the creation, exchange and protection of assets. Symbol is purpose-built to help businesses cut costs, reduce complexities, and streamline innovation.

  • Token

    Technically, “token” is just another word for “cryptocurrency” or “cryptoasset.” But increasingly it has taken on a couple of more specific meanings depending on context. The first is to describe all cryptocurrencies besides Bitcoin and Ethereum (even though they are technically also tokens). The second is to describe certain digital assets that run on top of another cryptocurrencies’ blockchain, as many decentralized finance (or DeFi) tokens do. Tokens have a huge range of potential functions, from helping make decentralized exchanges possible to selling rare items in video games. But they can all be traded or held like any other cryptocurrency.

  • Tokenomics

    Tokenomics (portmanteau word consisting of 'Token' and 'Economics') is the overlying quality of a Token that may influence investors and users to buy or avoid. These factors include (but are certainly not limited to) the Token's team, allocation, distribution, branding & PR, adaptation and business model. Tokenomics is a driving factor for the growth of a Token's ecosystem.

  • Trader

    A trader (in the context of this Crypto Pie application: a cryptocurrency trader) is one who buys and sells cryptocurrency.

  • Wallet

    A wallet is a collection of private keys which allow you to spend your cryptocurrency allocated to it. There are several forms of cryptocurrency wallets that all fall under two categories: hot storage & cold storage.

  • Whale

    A whale is an individual or group of people who hold an immense amount of cryptocurrency. Although speculative, whale’s are known to hold in excess of 10,000 bitcoin.

“Live Wealthy Die Wealthy, In The Wealth We Trust.”

— King Hersh 13th