peer-to-peer./n
Software clients are used as a tool to connect to the blockchain network. Users that connect to the blockchain network are known as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-node/">nodes. They are able to interact with other nodes within the network.</p>\n<p>There are many uses for cryptocurrency clients. Crypto <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-miner/">miners use special software to manage the mining equipment. It also helps transmit solved <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hash/">hashes throughout the blockchain network.</p>\n<p>Crypto <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">wallets also act as clients that users can use to deposit, store, and overall manage cryptocurrency <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-coin/">coins and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-token/">tokens, including <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">non-fungible tokens (NFTs)</strong></a>. This applies to both <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hot-wallet/">hot and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cold-wallet/">cold wallets. Hot wallets are software-based, while cold wallets are hardware units.</p>\n<p>Wallets often possess streamlined graphical user interfaces (GUIs). GUIs allow users of all skill levels to easily manage their crypto transactions and funds.</p>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-block-explorer/">Block explorers</strong></strong></a> are another type of client. They provide users with access to blockchain data like <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-block-height/">block height</strong></a>, hash rate, as well as information on individual transactions. The information on block explorers is easily readable.</p>","level":"easy","meta_title":"What is Client? 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Have?","featured_image_id":10729,"status":"published","chapter_id":7,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-invest-in-crypto","featured_image":{"id":10729,"uuid":"3439a1db-9892-404a-b4b6-a1db5a34bca4","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-invest-in-crypto-featured-image.jpg","name":"how-to-invest-in-crypto-featured-image.jpg","original_name":"how-to-invest-in-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"75.22KB"},"youtube_video":null},{"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the 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Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main 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Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug 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Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know 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Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":165,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Close?","slug":"what-is-close","section":"C","keyword":"Close","status":"published","definition":"the closing price of the market that's used in traditional and crypto markets.","content":"<p><strong>Close</strong>, or closing price, refers to one of the four key data points used in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-day-trading/">day trading</strong></a>, known as OHLC. The other three data points are <strong>opening</strong>, high, and low prices. OHLC is widely used in traditional, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency, and other markets to consistently track asset performance.</p>\n<p>The term “day trading” originates from the traditional structure of the stock exchange before the late 1960s. Trade used to be conducted during regular market hours. In the case of the New York Stock Exchange, trading would commence between 9:30 a.m. and 4:00 p.m.</p>\n<p>This meant that the performance of market assets could be traced on a day-to-day basis. Since the trading was executed between the same hours every day, it was easy to highlight the highest and lowest market prices.</p>\n<p>Most traders view the closing price as the most important OHLC metric. The closing price is often set as the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-benchmark/">benchmark to determine the performance of an asset throughout different periods in the market.</p>\n<p>With the emergence and rapid development of electronic trading, the phenomenon of <strong>after-hours trading</strong> arose. After-hours trading is notable for lower volumes than regular day trading. Despite the rise of after-hours trading, the OHLC metrics remained relevant and are continuously tracked within the regular day market hours.</p>\n<p>Since the creation of cryptocurrencies in 2009, exchange platforms dedicated to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-asset/">digital assets</strong></a> started appearing in the early 2010s. These platforms support a model of 24/7 trading since they are accessible solely online and the listed assets are always operational. Nevertheless, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-exchange/">crypto exchanges</strong></strong></a> also provide OHLC data. Candlestick charts are particularly common.</p>","level":"easy","meta_title":"What is Close? Definition & Meaning | Crypto Wiki","meta_description":"Close meaning: Close - the closing price of the market that's used in traditional and crypto markets.","meta_keywords":null,"language":"en","created_at":"2022-02-22T12:53:43.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-close"},"prevSection":{"id":163,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Ciphertext?","slug":"what-is-ciphertext","section":"C","keyword":"Ciphertext","status":"published","definition":"the encrypted form of plaintext after applying a cipher to secure the message.","content":"<p><strong>Ciphertext</strong> is a term used in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptography/">cryptography to describe the encrypted form of a message that was initially created as plaintext. The algorithm used to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-encryption/">encrypt the message is known as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cipher/">cipher.
/n
Ciphertext contains the original plaintext. During the process of encryption, the plaintext is turned unreadable to any person or device that does not possess the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decryption/">decryption key to turn it back into the original plaintext.</p>\n<p>The cipher used to create a ciphertext is an algorithm. The ciphertext is the output of applying the encryption algorithm.</p>\n<p>Prior to the development of electromechanical devices and <strong>computer prototypes</strong>, cipher algorithms were done by hand, typically using pen and paper. There are several types of cipher, like substitution, polyalphabetic substitution, and transposition.</p>\n<p>The substitution cipher is an encryption method when parts of the plaintext are replaced with ciphertext and can be decoded using a key. The <strong>polyalphabetic substitution cipher</strong> uses a mixed alphabet for encryption.</p>\n<p>One type of transposition cipher, the rail fence cipher, is a method of encryption where units of plaintext shift positions based on a specific system. The result is a permuted plaintext. A few other types of transposition cipher include double and <strong>columnar transposition</strong>, as well as scytale.</p>\n<p>Modern ciphers provide higher security to the plaintext than classical ciphers. There are two main categories of modern encryption methods – private-key cryptography and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-key-cryptography/">public-key cryptography</strong></a>.</p>\n<p>An attacker trying to crack a cipher that uses private-key cryptography is aware of the plaintext and the ciphertext that corresponds to it. Both the sender and the receiver have a pre-shared key they use for decryption. Private-key encryption is done using DES and <strong>AES algorithms</strong>.</p>\n<p>Correspondence that uses public-key cryptography requires two keys for encryption and decryption – the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-private-key-secret-key/">private key</strong></a> and the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-key/">public key</strong></a>. The sender uses the <strong>public key to encrypt</strong> the plaintext. The receiver is not aware of what the private key is. Instead, the receiver has the public key which is used to decrypt the ciphertext and access the message.</p>","level":"medium","meta_title":"What is Ciphertext? Definition & Meaning | Crypto Wiki","meta_description":"Ciphertext meaning: Ciphertext - the encrypted form of plaintext after applying a cipher to secure the message.","meta_keywords":null,"language":"en","created_at":"2022-02-22T12:23:04.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-ciphertext"},"currentChapter":"C","currentSection":"what-is-client","chapterTitle":"C","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-client","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter C
What is Client?
Client MEANING:
Client -
software used on local computers to access and process transactions that are done on the blockchain.
Let's find out Client meaning, definition in crypto,
what is Client,
and all other detailed facts.
A client is a hardware or software that grants end-users the ability to remotely interact with other users on the internet. Depending on the environment, the client can either connect to the server if it is client-server, or the rest of the network if it is peer-to-peer.
Software clients are used as a tool to connect to the blockchain network. Users that connect to the blockchain network are known as nodes. They are able to interact with other nodes within the network.
There are many uses for cryptocurrency clients. Crypto miners use special software to manage the mining equipment. It also helps transmit solved hashes throughout the blockchain network.
Crypto wallets also act as clients that users can use to deposit, store, and overall manage cryptocurrency coins and tokens, including non-fungible tokens (NFTs). This applies to both hot and cold wallets. Hot wallets are software-based, while cold wallets are hardware units.
Wallets often possess streamlined graphical user interfaces (GUIs). GUIs allow users of all skill levels to easily manage their crypto transactions and funds.
Block explorers are another type of client. They provide users with access to blockchain data like block height, hash rate, as well as information on individual transactions. The information on block explorers is easily readable.
