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href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-governance/">governance. Aeternity provides its users with the efficiency of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-private-blockchain/">private blockchains</strong></a> and the security of the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-blockchain/">public ones. Besides, the hybrid approach used by this blockchain allows <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</strong></a> and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-oracles/">oracles to process data off-chain, resulting in enhanced privacy, lower fees, and <strong>faster transactions</strong>.</p>\n<p>Aeternty blockchain is being developed by a team led by Yanislav Malahov, who has been involved in blockchain technology since its inception and was one of Ethereum's first contributors. The major aim of Aeternity is to address scalability and privacy issues. They use <strong>the hybrid approach</strong> that combines <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-off-chain-transaction/">off-chain and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-on-chain/">on-chain solutions to do this. Further improvements on governance, privacy, and <strong>scalability</strong> are planned in the future development of Aeternity.</p>\n<p>Besides, Aeternity happens to be one of the blockchains that use the decentralized oracle network. A decentralized oracle is a piece of software <strong>that serves as a</strong> link between the blockchain and the world around it. Smart contracts require oracles in order to connect with other networks like <strong>Bitcoin</strong> and Ethereum.</p>\n<p>Smart contracts can&rsquo;t access data from the outside of the blockchain due to the nature of blockchains. Therefore, oracles are used to access that external data&nbsp;<em>(such as information about sporting event results, weather conditions, flight times, etc.)</em> and submit it in the form of a transaction to a smart contract. Thus, oracles act as a<strong> gateway between off-chain data and on-chain applications</strong>.</p>\n<p>For instance, if you use a smart contract to bet on a sporting event, you can use an oracle to automatically trigger payment after the event is over. The oracle would then go out into the real world and obtain the game's outcome, which it would then input back into the smart contract so that funds could be released accordingly.</p>\n<p>The <strong>fast success of Aeternity </strong>is largely due to its mobile-first design approach. It is becoming an appealing network for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-decentralized-applications-dapps/">DApps developers because it uses cutting-edge technologies to deal with blockchain scalability problems.</p>","level":"medium","meta_title":"What is Aeternity Blockchain? 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The core idea of the ADX is that if the market appears to be following a strong trend, trading is more likely to bring profit, while the risk is significantly lower.</p>\n<p>The ADX was initially created by J. Welles Wilder Jr. in the late 1970s to track daily commodity charts. Nowadays, it has been adopted as an indicator for a broad scope of markets, including <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">crypto.

/n

The ADX is a non-directional indicator. This means that it determines the market trend strength regardless of which direction the prices are fluctuating towards. To assess the strength of the prices moving in positive and negative directions, the <strong>Directional Movement System</strong> (DMI+ and DMI- indicators) is utilized.</p>\n<p>The ADX is represented by a line using figures from 0 to 100. It is typically shown in the same window as the two lines known as directional movement indicators (DMI). DMIs are used to calculate the ADX.</p>\n<h2>How to Calculate the Average Directional Index (ADX):</h2>\n<p>1. Calculate Directional Movement (+DM) using the formula:</p>\n<p>+DM = Current High - Previous High</p>\n<p>2. Calculate -DM using:</p>\n<p>-DM = Previous Low - Current Low</p>\n<p>3. Select between +DM and -DM based on which option has the higher value.</p>\n<p>4. Calculate the True Range (TR) using one of the following:</p>\n<p><strong>Current high - Current low; Current low - Previous close; Current high - Previous close</strong></p>\n<p>5. Calculate the smoothed 14-period averages of the TR, the +DM, and &ndash;DM using:</p>\n<p>First 14TR = Sum of first 14 TR readings</p>\n<p>Next 14TR = first 14TR &ndash; (prior 14TR/14) + current TR</p>\n<p>6. Calculate the +DI and -DM values using:</p>\n<p>+DI = (Smoothed +DM / ATR) x 100</p>\n<p>-DI = (Smoothed -DM / ATR) x 100</p>\n<p>7. Calculate the directional movement index (DMI) using the equation:</p>\n<p><strong>DX = ( | +DI - -DI | &nbsp;/ | +DI + -DI | ) x 100</strong></p>\n<p>8. Calculating ADX requires the DX for all 14 periods. To calculate the first ADX, divide the sum of all 14 periods of DX by 14. For the remaining 13, use the formula:</p>\n<p>ADX = (Previous ADX x 13) + Current ADX) / 14</p>\n<p>The process of computing the ADX is entirely automated, so there is no need to manually apply the formulas to calculate the final indicator.</p>\n<p>Other commonly used indicators in trading are the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-accumulation-distribution-indicator/">Accumulation/Distribution Indicator</strong></a>, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-moving-average-convergence-divergence-macd/">Moving Average Convergence Divergence (MACD)</strong></a>, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-on-balance-volume-obv/">On-Balance Volume (OBV)</strong></strong></a>, and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-relative-strength-index-rsi/">Relative Strength Index (RSI)</strong></a>.</p>","level":"medium","meta_title":"What is Average Directional Index (ADX)? Definition & Meaning | Crypto Wiki","meta_description":"Average Directional Index (ADX) meaning: Average Directional Index (ADX) - an indicator used to measure the strength of a market trend. The ADX is represented by numeric figures between 1 and 100.","meta_keywords":null,"language":"en","created_at":"2022-02-11T09:05:04.000000Z","updated_at":"2022-05-13T14:32:22.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-average-directional-index-adx"},"currentChapter":"A","currentSection":"what-is-accounting-token","chapterTitle":"A","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-accounting-token","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">

Handbook Cover Page
Crypto Terms: Letter A

What is Accounting Token?

Accounting Token MEANING:
Accounting Token - a tokenized credit or debit entry (IOU/UOM) on a distributed ledger.
Easy
1 minute

Let's find out Accounting Token meaning, definition in crypto, what is Accounting Token, and all other detailed facts.

Accounting tokens, like any other spreadsheet-based accounting system, are tokenized credit or debit entries (IOU/UOM) on a distributed ledger. They are a great alternative to stablecoins, which are a nightmare for regulators since they act like cash and can be anonymously used anywhere. Therefore, stablecoins are treated like the financial products they resemble and are heavily regulated in many jurisdictions.

Unlike stablecoins, accounting tokens are not backed by fiat money. They are only used for accounting purposes and they represent the amount of money that a token holder has. Therefore, they can’t be treated as a financial product.

These tokens are great when there is a limited number of settlement partners. In fact, if the number of participants is small enough, the entire procedure can be completed on the blockchain using the token's smart contract.

Besides, accounting tokens are practically like coupons because they don’t necessarily represent a currency, they can also represent goods or services. Though, unlike traditional coupons, they represent an equal amount of the accounted value of these goods or services.

Accounting tokens are really secure and compliant, thanks to the nature of blockchain technology. Businesses can limit potential token holders by adopting a KYC/AML process, adding documentation, and keeping the entire process transparent on a public blockchain.
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