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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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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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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":718,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Spoon (Blockchain)?","slug":"what-is-spoon-blockchain","section":"S","keyword":"Spoon (Blockchain)","status":"published","definition":"A spoon is a sort of a blockchain fork in which a new coin acquires the old cryptocurrency’s account balances.","content":"<p>In general, a <strong>spoon</strong> is a form of blockchain <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fork-blockchain/">fork in which the new coin acquires the old cryptocurrency's account balances. New projects can add their own functionality to the prior program while still enabling current standard users to participate in it. It acts as a way to attract users and developers of an existing platform.</p>\n<p>Their installation is rather difficult so they are still uncommon in the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">blockchain sphere.</p>\n<p><a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum is by far the most popular spooning protocol because of its big number of customers and large developer community. &nbsp;</p>\n<p>On the other hand, Cosmos is the most common example that took snapshots of the Ethereum blockchain so that it would be able to identify and migrate account balances to its own network. Naturally, the network is linked with the Ethereum mainnet in a variety of ways while also adding its own advancements to it. Regardless of the fact that it replicates values, Cosmos has its own tokens and does not utilize ETH.</p>\n<p>It's important to note that the nature and purpose of a spoon separate it from the more typical <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hard-fork-blockchain/">hard fork</strong></a>. Spoons just replicate balances and then utilize a different unique token, while hard forks employ the very same token as the already existing chain. Besides that, hard forks are intended to capture a platform's market share and supremacy, whereas<strong> spoons are intended to enhance the technological brilliance of the projects from which they copy balances</strong>. Also, many hard forks are divisive, whereas spoons are collaborative.</p>\n<p>Overall, the idea of a spoon is to force the process to grow into a brand new blockchain. 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Pegging is utilized in cryptocurrency as a device to control stability in the market against price fluctuations. However, <strong>the soft peg approach is not the same as \"free-floating,\"</strong> in which a currency is not pegged to another currency.</p>\n<p><strong>The Chinese Yuan</strong>, which was pegged to the US dollar from 1994 to 2005, is the&nbsp;most well-known soft-pegged currency. The Yuan's value was permitted to fluctuate within a small band around its predetermined target value under the soft-pegging method. In 2005, China revalued its currency, causing it to advance 2.1% versus the US dollar.</p>\n<p>Moreover, the soft peg technique allows for <strong>minor variations in the value of the pegged currency and its peg</strong>. The <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hard-peg/">hard peg</strong></a> technique, on the other hand, does not allow for any <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-volatility/">volatility, and the value of the pegged cryptocurrency is always proportional to its peg.</p>\n<p>The soft peg technique is an exchange rate mechanism used to maintain the value of a currency against a fixed currency or reserve currency. Besides soft peg, there are other techniques such as the above-mentioned hard peg or a flexible peg.</p>\n<p>A soft peg approach has a number of advantages. Foreign currency markets can benefit from soft pegging in terms of <strong>stability and consistency</strong>. It is very useful to nations with incredibly volatile currencies or high <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-inflation/">inflation rates.</p>\n<p>The Chinese government used soft pegging to keep its economy stable throughout times of high inflation and to keep it from trading substantially less than its official exchange rate.</p>\n<p>In addition, soft pegs seek to address this issue by tightly connecting cryptocurrencies to more dependable <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">fiat currencies</strong></a>, such as the US dollar or gold. Consumers will be able to utilize their crypto tokens in a similar way to regular cash by securing their value in this manner.&nbsp;</p>\n<p>Soft pegs are popular in today's cryptocurrency exchanges. In comparison to conventional currencies such as the US dollar, <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin has traditionally been pretty unpredictable. It indicates that the value can go up and down dramatically at any time.</p>\n<p>This helps traders who wish to profit from short-term price changes, but it causes complications for individuals who wish to use their cryptocurrency as a daily means of payment.</p>\n<p><a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-tether-usdt/">Tether <strong>is also an illustration of a cryptocurrency that has both hard and soft pegs</strong>. It has a hard peg of $1 and a soft peg that permits it to go up or down by 2%.</p>","level":"medium","meta_title":"What is Soft Peg? Definition & Meaning | Crypto Wiki","meta_description":"Soft Peg meaning: Soft Peg - is a strategy of maintaining the value of a currency against a reserve currency by utilizing an exchange rate mechanism.","meta_keywords":null,"language":"en","created_at":"2022-03-30T12:40:20.000000Z","updated_at":"2022-11-16T08:06:40.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-soft-peg"},"currentChapter":"S","currentSection":"what-is-source-code","chapterTitle":"S","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-source-code","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Crypto Terms: Letter S

What is Source Code?

Source Code MEANING:
Source Code - is a particular set of instructions as well as statements that lead to a computer program that was written by utilizing a high-level programming language.
Medium
2 minutes

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

A source code is a collection of instructions and statements that together form a computer program written in a high-level programming language. Later, using a compiler this code is translated into machine language. The translated code is referred to as object code.

A program's source code is often stored in one or more text files and has a significant amount of lines of code. The actual structure of these files differs depending on the programming language, however, most applications have one or more files with the extensions .c, .cpp, .CPP, or .cxx (e.g., filename.c). In most circumstances, the file name corresponds with the name of the program's core purpose or technique, and the file's material includes only a function description, accompanying declarations, and statements.

While bigger programs typically make use of hundreds or thousands of documents, it is fairly rare for tiny applications to employ only one source code file. Note that if there are numerous source files, the software might be divided into portions. This happens due to the fact that when all of the program's elements and procedures are contained in a single document, it might be difficult to identify certain areas of code.

Why Do You Need to Have a Source Code?

Yes, it is crucial to have a source code since it is a way of protecting yourself when transferring a license to a new owner or making a second file. You are dependent on the development company that created the app or website if you don’t possess a source code. In regards to that, the source code is the backbone of your program or website.

Besides, another important factor of having the source code is that it is possible for you to adjust it at any point when you need that. Having your own source code guarantees that you have superior protection.

In addition, it is the only method to make sure that you are up to date with security patches and various news.

Source Code VS Open Source

To specify, source code is usually written in a programming language such as PHP or JavaScript, which is a text that anyone can read. The term itself indicates the fundamental code of a program.

Open-source software (also known as free/libre open-source software (FLOSS)), is software that a user can duplicate, adjust, distribute, and share since its source code is available to the public for free. It is built in a team manner where everyone has access to the source code. The rationale for this transparency is that users can understand how the application works and other developers can modify it to build additional apps.