derivatives, such as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-option/">
options, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-futures/">
futures, and swaps.</p>\n<p>A hedge contract is similar to a forward contract. However, the two differ significantly in some regards.</p>\n<h2>Forward Contracts</h2>\n<p>A forward contract is defined as an agreement between two parties to buy and/or sell a certain agreed-upon amount of a commodity at a predetermined price on a specific date in the future. This allows the product costs to be fixed and may be advantageous to the buyer.</p>\n<p><strong>Forward contracts are considered to be</strong> <strong>hedging tools</strong>. They aim to mitigate the risks for both parties involved in the contract. If one party owns a significant amount of oil and has concerns about price fluctuations, they are able to buy a forward contract to ensure that the shipment of oil arrives at a fixed price, regardless of the market value.</p>\n<h2>Futures Contract</h2>\n<p><strong>A futures contract is a financial agreement between two parties.</strong> It states that a commodity has to be bought or sold at a set price at a predetermined time in the future. The buyer assumes a long position, while the seller takes a short position. A transaction under a futures contract reduces the risk of financial loss by locking in the price before the transaction.</p>\n<p>Futures contracts are standardized. This means that they can be traded on exchange platforms. The contract determines the quantity and quality of the commodity in question. Commodities such as agriculture, crude oil, and metals are traded using futures exchanges.</p>","level":"medium","meta_title":"What is Hedge Contract? 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Investing","slug":"trading-and-investing","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-trading.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-trading-101.jpg","rating":80,"sections":[{"slug":"where-to-trade-crypto","title":"Where Can You Trade 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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 One?","featured_image_id":11310,"status":"published","chapter_id":7,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/ico-vs-ido","featured_image":{"id":11310,"uuid":"315e8a2b-93a1-4870-be48-a2a09d801663","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/ico-vs-ido-featured-image.jpg","path":"crypto/storage/optimized/ico-vs-ido-featured-image.jpg","original_path":"crypto/storage/original/ico-vs-ido-featured-image.jpg","name":"ico-vs-ido-featured-image.jpg","original_name":"ico-vs-ido-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"64.39KB"},"youtube_video":null},{"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get 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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 Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto 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About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & 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":401,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Honeyminer?","slug":"what-is-honeyminer","section":"H","keyword":"Honeyminer","status":"published","definition":"a cryptocurrency mining app that ran until October 2021.","content":"<p><strong>Honeyminer</strong> was a multi-platform cryptocurrency <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining/">
mining app. The mining process was done through <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-graphical-processing-unit-gpu/">
GPU and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-central-processing-unit-cpu/">
CPU. Honeyminer supported mining processes for <strong>some of the most profitable cryptocurrencies</strong> and could automatically switch between different coins every ten minutes.</p>\n<p>The app would determine which <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-altcoin/">
altcoins were gaining the most traction and had the lowest <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hash/">
hash difficulty. It was possible to use Honeyminer to <strong>mine numerous different</strong> crypto coins which would be converted to <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">
Bitcoin (BTC)</strong></a>. Honeyminer was not open-source and did not provide operational transparency to its customers.</p>\n<p>Honeyminer also <strong>allowed users to mine cryptocurrencies</strong> on their personal computers without the need to build a separate mining rig. Users would participate in a dynamic <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining-pool/">mining pool</strong></a>.</p>\n<p>The users would run the app while not using the GPU. The pool would mine GPU-friendly altcoins. The participants would be sent BTC as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining-reward/">mining rewards</strong></strong></a> into their <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">wallets at the end of the mining session.</p>\n<p>Honeyminer provided a secure service as all the rewards would be stored in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cold-storage/">cold storage</strong></a>. <strong>Suspicious log-ins</strong> would be reported by the developers to avoid fraud or scams. Users were also able to enable <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-two-factor-authentication-2fa/">two-factor authentication (2FA)</strong></a> to reinforce their account security.</p>\n<p>On 16 October 2021 Honeyminer officially ended its operations. The notice on the website states that the team was working on a <strong>new offering for the crypto community</strong>.</p>","level":"easy","meta_title":"What is Honeyminer? Definition & Meaning | Crypto Wiki","meta_description":"Honeyminer meaning: Honeyminer - a cryptocurrency mining app that ran until October 2021.","meta_keywords":null,"language":"en","created_at":"2022-03-17T08:50:40.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-honeyminer"},"prevSection":{"id":399,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Hash Power (Hashrate)?","slug":"what-is-hash-power-hashrate","section":"H","keyword":"Hash Power (Hashrate)","status":"published","definition":"the amount of computer power that a network consumes to operate.","content":"<p><strong>Hash power</strong>, or hashrate, is a unit of measurement used to determine how much power a network consumes to perpetually operate. It is used when discussing the power requirements of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency networks or individual <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining-rig/">mining rigs</strong></a> on said networks.</p>\n<p>Mineable cryptocurrencies, such as <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin (BTC)</strong></a>, are managed by networks of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-miner/">miners. The miner community can consist of individuals and organizational entities that provide computational power from their crypto mining devices to process and verify transaction information, as well as create new <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-block/">blocks and new coins.</p>\n<p>The mining process is conducted by calculating <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptographic-hash-function/">cryptographic hashes</strong></a>, which are strings of pseudorandom data. Hashes help to avoid <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-double-spending/">double-spending. The calculation process ensures that all crypto coins are verified and cannot be produced out of nowhere. This process employs a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-work-pow/">Proof-of-Work (PoW) consensus mechanism</strong></a>.</p>\n<p>The hash power of a mining rig is determined by <strong>the number of hashes calculated per second</strong>. The hashrate of a cryptocurrency network is calculated by adding up the hashrates of all mining rigs in operation at the given time.</p>\n<p>The hashrates of individual mining devices are used to determine their profitability. A <strong>good hashrate</strong> produced by a well-optimized mining rig improves the chances of finding the correct hash computation, thus producing a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining-reward/">mining reward</strong></a>.</p>\n<p>The overall hash power of a network helps determine <strong>how secure the asset in question is</strong>. This information is relevant to parties that aim to breach the network. Hackers must overcome the total hash power of the network which is nearly impossible in networks that have <strong>significantly high hash rates</strong>.</p>\n<p>The hash power may vary between different devices. <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-central-processing-unit-cpu/">CPUs, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-graphical-processing-unit-gpu/">GPUs, and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-asic/">ASICs all provide different computational power and are <strong>not equally optimized for their network tasks</strong>.</p>","level":"easy","meta_title":"What is Hash Power (Hashrate)? Definition & Meaning | Crypto Wiki","meta_description":"Hash Power (Hashrate) meaning: Hash Power (Hashrate) - the amount of computer power that a network consumes to operate.","meta_keywords":null,"language":"en","created_at":"2022-03-17T08:20:15.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-hash-power-hashrate"},"currentChapter":"H","currentSection":"what-is-hedge-contract","chapterTitle":"H","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-hedge-contract","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter H
What is Hedge Contract?
Hedge Contract MEANING:
Hedge Contract -
an agreement used by investors to protect their investments against market price fluctuations and possible financial loss.
Let's find out Hedge Contract meaning, definition in crypto,
what is Hedge Contract,
and all other detailed facts.
A hedge contract is a security agreement that investors can use as insurance against any sudden, adverse market price changes. Businesses often add hedge contracts to their risk management strategies. They’re also useful to commodity producers, like farmers, to ensure the protection of their assets in case of drastic price changes due to a bad harvest.
A hedge refers to an investment position that aims to offset any potential losses or gains that could incur due to a companion investment. Hedges can be used as a preventative measure against currency fluctuations or other financial risks. Hedging is defined as an act of taking a position in market A that would offset any potential gains or losses in market B.
Hedging helps evade any significant losses and reduces the risk of unexpected market moves invoking losses that exceed the initial investment. Investors rely on derivatives, such as options, futures, and swaps.
A hedge contract is similar to a forward contract. However, the two differ significantly in some regards.
Forward Contracts
A forward contract is defined as an agreement between two parties to buy and/or sell a certain agreed-upon amount of a commodity at a predetermined price on a specific date in the future. This allows the product costs to be fixed and may be advantageous to the buyer.
Forward contracts are considered to be hedging tools. They aim to mitigate the risks for both parties involved in the contract. If one party owns a significant amount of oil and has concerns about price fluctuations, they are able to buy a forward contract to ensure that the shipment of oil arrives at a fixed price, regardless of the market value.
Futures Contract
A futures contract is a financial agreement between two parties. It states that a commodity has to be bought or sold at a set price at a predetermined time in the future. The buyer assumes a long position, while the seller takes a short position. A transaction under a futures contract reduces the risk of financial loss by locking in the price before the transaction.
Futures contracts are standardized. This means that they can be traded on exchange platforms. The contract determines the quantity and quality of the commodity in question. Commodities such as agriculture, crude oil, and metals are traded using futures exchanges.
