A figurative concept used to encourage and promote collective interest over personal interest.

The Prisoner’s Dilemma is an allegory that encourages the kind of decision-making that benefits a group rather than an individual. This allegory is largely used as an application of Game Theory, especially in scenarios when personal benefit appears to outclass group benefit. In the corporate world, the concept of the prisoner’s dilemma derives its value from the emphasis on cooperative courses of action where risks and rewards are shared.

Prisoner’s dilemma was put forward by a group of mathematicians. The original idea centered around two criminals choosing whether or not to testify against themselves. Ultimately, as long as both criminals keep silent, they would get a lighter sentence than if only one testifies or both of them testify.

The crypto space’s equivalent of a password.

A private key is the password or passcode to a crypto user’s wallet. This password is composed of a complex and random string of alphanumeric characters and is used by the user to generate addresses for receiving transactions or to send and approve transactions. Moreover, this key is paired with a public key that is shared with other users and serves as the wallet address.

Private keys are very important assets in and of themselves. Losing one’s private key is the same as losing access to the wallet. As a result, blockchain networks and exchange platforms usually make provisions such as paper wallets and seed phrases to provide an extra layer of safety against the loss of private keys.

The graphic representation of the movement of an asset’s price over time.

A price action simply refers to the movement of the price of an asset or commodity over time as captured in a chart. Because of this graphic representation across units of time, traders are able to identify periods when prices were high, low, rising, falling, etc. Thus, price actions help observers monitor the historical or live movement of an asset or commodity price, thereby allowing the observer to decide on whether to buy, sell, or continue watching the price trend.

Price actions are generally the most fundamental factor for all kinds of technical market analysis. They serve as the most important part of predictive algorithms.

Prisoner’s Dilemma

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