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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":1003,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Law of Demand?","slug":"what-is-law-of-demand","section":"L","keyword":"Law of Demand","status":"published","definition":"asks the question of how much a customer is prepared to spend for a specific product or service.","content":"<p>Before diving into the term, it&rsquo;s important to understand the basics of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-supply-and-demand/">supply and demand</strong></a>.&nbsp;</p>\n<p>Demand describes the readiness to pay a certain price for goods or services. Basic principles of demand revolve around the price of the commodity and personal preferences.</p>\n<p>The quantity of consumers willing to pay a specific price for a product or service depends on various factors. The key factor is the price.&nbsp;</p>\n<p><strong>The Law of Demand describes how the increase in price influences the decrease in demand</strong>. The same logic can be applied to a reversed situation where a decrease in price influences the increase in demand.</p>\n<p>To put it simply, a growing price of a commodity will make consumers buy less while a decreasing price of that same commodity will make consumers buy more.</p>\n<p>A solid grasp of the Law of Demand greatly benefits anyone who&rsquo;s making economic predictions.</p>\n<p>The demand schedule is a key element in the equation. It represents the demanded quantity of a product or service at different prices per unit. There are two types of demand schedules:</p>\n<ul>\n<li><strong>Individual demand schedule</strong> - the quantity of a product or service that an individual consumer is prepared to buy at a specific price and time;</li>\n<li><strong>Market demand schedule</strong> - the quantity of a product or service that all consumers are prepared to buy at a specific price and time.</li>\n</ul>\n<p>As we can see, within the Law of Demand, there is a strong relationship between price and demanded quantity.</p>","level":"easy","meta_title":"What is Law of Demand? Definition & Meaning | Crypto Wiki","meta_description":"Law of Demand meaning: Law of Demand - asks the question of how much a customer is prepared to spend for a specific product or service.","meta_keywords":null,"language":"en","created_at":"2022-05-19T09:02:44.000000Z","updated_at":"2022-06-07T11:49:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-law-of-demand"},"prevSection":{"id":932,"original_id":null,"author_id":43,"translator_id":null,"title":"What are Liquidity Provider Tokens (LP Tokens)?","slug":"what-are-liquidity-provider-tokens-lp-tokens","section":"L","keyword":"Liquidity Provider Tokens (LP Tokens)","status":"published","definition":"a type of tokens given as a reward to liquidity providers by a decentralized exchange (DEX) operating on an automated market maker (AMM).","content":"<p><strong>Liquidity Provider Tokens (LP Tokens) track each contribution given to the overall</strong> <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-liquidity-pool/">liquidity pool</strong></a> since the amount of owned LP tokens corresponds to the liquidity share in the overall pool. They&rsquo;re given to liquidity providers on a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralized-exchange-dex/">decentralized exchange (DEX)</strong></a> run on an <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-automated-market-maker-amm/">automated market maker (AMM)</strong></a>.</p>\n<p>DEXs that issue LP tokens to liquidity providers include <strong>Uniswap, PancakeSwap, and Sushi</strong>.&nbsp;</p>\n<p>In the most basic terms, LP tokens are very similar to tokens on the same network. For instance, Uniswap and Sushi operate on the Ethereum network. Therefore, LP tokens issued by these DEXs are considered to be <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-erc-20/">ERC-20 tokens. Consequently, they can be transferred, traded, and staked on other protocols just like a regular ERC-20 token.</p>\n<p><strong>LP token holders have control over their locked liquidity</strong>, therefore they can redeem LP tokens from the liquidity pools whenever they wish to do so. However, if they redeem them too early, they might face small penalties.</p>\n<p>As mentioned above, LP tokens and the share in the overall liquidity pool are proportionate. This fact is utilized to find out:</p>\n<ul>\n<li>The <strong>transaction fees&rsquo; share</strong> accumulated throughout a liquidity provision per one liquidity provider;</li>\n<li>The <strong>percentage of liquidity</strong> when liquidity providers redeem their LP tokens.</li>\n</ul>\n<p>You can calculate the value of an LP token using this formula:</p>\n<p><em>Total Value of Liquidity Pool/Circulating Supply of LP Tokens = Value of 1 LP Token</em></p>\n<p>In regards to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-defi/">decentralized finance (DeFi)</strong></a> platforms, more and more ways to use LP tokens are popping up.</p>\n<p>For example, LP tokens are also used for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-yield-farming/">farming which is a way to maximize rewards by staking LP tokens. Additionally, LP tokens can be used to qualify its holder to participate in an <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-dex-offering-ido/">initial DEX offering (IDO)</strong></a>. This is due to the fact that you must hold a certain amount of LP tokens that have a specific value in order to be eligible.</p>","level":"medium","meta_title":"What are Liquidity Provider Tokens (LP Tokens)? Definition & Meaning | Crypto Wiki","meta_description":"Liquidity Provider Tokens (LP Tokens) meaning: Liquidity Provider Tokens (LP Tokens) - are a type of tokens given as a reward to liquidity providers by a decentralized exchange (DEX) operating on an automated market maker (AMM).","meta_keywords":null,"language":"en","created_at":"2022-04-11T12:20:53.000000Z","updated_at":"2022-11-29T09:30:43.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-are-liquidity-provider-tokens-lp-tokens"},"currentChapter":"L","currentSection":"what-is-linux","chapterTitle":"L","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-linux","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter L

What is Linux?

Linux MEANING:
Linux - an open-source operating system developed by Linus Torvalds in 1991.
Easy
1 minute

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

Linux is a highly customizable operating system that simplifies communication between software and hardware. Since the system is open-source, it’s freely available to anyone. Users can modify, employ, and distribute the source code of Linux. However, they can only do that under its license terms.

Linux is used in a variety of systems thanks to its versatility. This includes web servers, smartphones, supercomputers, routers, musical instruments, and even vehicles.

In terms of technicalities, Linux is a kernel. This means that it's a computer program that serves as the foundation of an operating system. In other words, a computer code is converted into binary data using a kernel to make it comprehensible for the hardware.

However, the usage of the Linux kernel is pretty complicated. Therefore, many developers have created new components and apps to make it easier to use. As a result, Linux is typically distributed in collections of software tools which are referred to as Linux distros.

Communities and businesses have collaborated with Linux to develop systems that suit their needs. Therefore, there is a huge variety of Linux distros from all around the world.

Some of the distros are fully community-driven (e.g., Arch Linux), others, however, have corporate backing (e.g., openSUSE). Besides, different distros have different goals. They could, for example, be concerned with customization, privacy, usability, and many other things.

To summarize, Linux is an efficient, safe, and flexible operating system that has a lot of benefits. Some of the benefits include:

  • Customization based on user preferences
  • Lightweight infrastructure that offers fast speed
  • A huge variety of systems to choose from (based on the needs of the user)
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