digital currency</strong></a> in the market that is usually determined by its <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-market-capitalization-market-cap-mcap/">market cap</strong></a>. In order to define the market cap of a currency, you have to multiply the circulating supply at any given time with the price of the currency. <em>Though some ranking platforms additionally take into account the 24-hour <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-trading-volume/">trading volume</strong></a> of the asset.</em></p>\n<p>At the moment, <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin is ranked as <strong>the number one currency</strong> and it has been like that since the beginning of crypto. Other digital currencies tend to fluctuate in the list but <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum has strongly sealed the second place. Though it was once overshadowed by <strong>Ripple (XRP)</strong>. XPR usually used to rank in third place but after some security accusations with the SEC, its price and rank dropped.</p>\n<p>Since a cryptocurrency's ranking is heavily influenced by its market cap, <strong>investor attitudes </strong>and industry news are extremely important. The coins that are competing for the Top 10 ranking positions include &nbsp;Bitcoin (BTC), Ethereum (ETH), Tether (USDT), <strong>Binance Coin (BNB)</strong>, U.S. Dollar Coin (USDC), XRP, Terra (LUNA), Cardano (ADA), <strong>Solana (SOL)</strong>, and Avalanche (AVAX).</p>","level":"easy","meta_title":"What is Rank? Definition & Meaning | Crypto Wiki","meta_description":"Rank meaning: Rank - the position that a digital currency takes in the market.","meta_keywords":null,"language":"en","created_at":"2022-03-28T06:11:13.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-rank"},"prevSection":{"id":925,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Quantum Bit (Qubit)?","slug":"what-is-quantum-bit-qubit","section":"Q","keyword":"Quantum Bit (Qubit)","status":"published","definition":"In quantum data, a qubit is a unit of measurement for the number of bits.","content":"<p>A quantum bit is able to exist in superposition, which indicates that it can exist in several states at once. <strong>A qubit can keep a 0, a 1, or both of them at the same time.</strong> This means that it can operate very fast and do several calculations at once.</p>\n<p>In other words, it is the two-state quantum-mechanical method.</p>\n<p>There are some distinctions between qubits and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bit-computing/">bits. A bit is the simplest unit of information in computing. It has two possible values, which are commonly labeled as 0 and 1, which signify off and on, low and high voltage levels, and so forth.</p>\n<p>From a traditional computing perspective, a bit can only maintain in one state at a time.</p>\n<p>In <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-quantum-computing/">quantum computing</strong></strong></a>, a qubit, on the other hand, is a data unit. Qubits in a quantum computer can reside in several states at the same time (superposition). Employing superposition to describe data has significant advantages over traditional computers.</p>\n<p>Quantum gates and measurements are the two primary processes conducted on qubits. They must be used with extreme caution since <strong>even the tiniest interference might ruin the vulnerable superposition situation</strong>.&nbsp;</p>\n<p>The rotation of the electron in a qubit is up and down at the same moment. The measurement of this superposition condition returns with equal chances - either up or down. It is one of many types of quantum superposition conditions.&nbsp;</p>\n<p>With algorithm complexity, the quantity of qubits required to create a quantum computer increases sharply. As a result, some tasks may be unsolvable for conventional computers but easily addressed on a quantum computer.</p>\n<p>The qubit has been shown to be ideal for straight optical quantum computing operations. It might be used as the foundation for a range of useful quantum algorithms.</p>\n<p>As an illustration, in one ten-thousandth of a second, the qubit is able to develop a safe communication channel. It can&rsquo;t be hacked remotely by manipulating entanglement, polarization, directionality, and other physical features.</p>\n<p>It can evaluate all possible passwords at once, as well as conduct an arbitrary chain of computations that rely on both the previous and next phases in processing. It may also generate huge parallelism by doing calculations in many locations around space.</p>\n<p>Also, qubit also exhibits one of the most important aspects of quantum computing. Meaning that all of its computations are performed in a non-linear method. It is intrinsically unpredictable, and all of its qubits are intertwined.&nbsp;</p>\n<p>Because of these qualities, <strong>qubits can do many complex computations that traditional computers cannot</strong>, such as solving complex issues when conventional computers become trapped on local minima.</p>\n<p>A quantum computer's intrinsic parallelism is owing to the superposition of qubits, and this parallelism, according to scientist David Deutsch, will enable a quantum computer to do millions of computations in the time it takes a typical desktop PC to do a single calculation.&nbsp;</p>\n<p>In that regard, a 30-qubit computer might potentially match the capability of a current <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-supercomputer/">supercomputer running at 10 teraflops, but a typical desktop PC only works at a few gigaflops.</p>","level":"medium","meta_title":"What is Quantum Bit (Qubit)? Definition & Meaning | Crypto Wiki","meta_description":"Quantum Bit (Qubit) meaning: Quantum Bit (Qubit) - In quantum data, a qubit is a unit of measurement for the number of bits.","meta_keywords":null,"language":"en","created_at":"2022-04-11T10:41:49.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-quantum-bit-qubit"},"currentChapter":"R","currentSection":"what-is-radio-frequency-identification-rfid","chapterTitle":"R","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-radio-frequency-identification-rfid","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
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Crypto Terms: Letter R

What is Radio Frequency Identification (RFID)?

Radio Frequency Identification (RFID) MEANING:
Radio Frequency Identification (RFID) - a technology that employs radio waves to identify a person or a tagged item in a passive manner.
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Let's find out Radio Frequency Identification (RFID) meaning, definition in crypto, what is Radio Frequency Identification (RFID), and all other detailed facts.

Radio Frequency Identification (RFID) employs radio waves to passively identify a tagged item or a person. The RFID system is made up of an antenna, RFID tag, RFID reader, and a transceiver.

In order to broadcast and receive data, RFID employs radio waves of various frequencies. Low frequency (30-300 kHz), high frequency (14.56 MHz), and ultra-high frequency (300-3000 MHz) are the three basic frequency ranges used for RFID transmissions.

A few examples of the application of RFID include inventory control, employee tracking, and equipment tracking.
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