Crypto Terms:
Letter P
What is Programmability?
Meaning:
Programmability -
is a device or program that can understand and follow instructions.
Let's find out Programmability meaning, definition in crypto, what is Programmability, and all other detailed facts.
Programmability defines something, usually a computing device, that’s able to understand, accept, and carry out instructions. An example of this would be a computer or a smartphone.
The above-mentioned instructions are usually just lines of code that are input to a computing device, or a software program that’s within the said computing device. Let’s take computer mice and keyboards for example. They both have the capability to be programmed to do specific tasks such as muting the sound of a computer at the click of a button.
When it comes to cryptocurrencies, programmability was first studied in order to figure out how to create digital money that has the capability to follow instructions.
Let’s look at our regular, fiat money first. Most of us have cash in our wallets which, without the assigned value by the central bank, would be considered worthless since it’s just a piece of paper. By using any fiat currency, you agree to the regulations that govern it.
This is where programmability comes into play. Programmable money stands out since it does not follow any jurisdiction rules. The only rules that are established within virtual, programmable money are the time, the participants, and the means for exchanging value.
Programmable money changes the traditional method of completing transactions. However, it doesn’t just change it between individuals but also takes into account transactions between programs and computing devices.
There’s great potential for implementing automation and new functionalities. For instance, enabling smart contracts to manage payments in specific situations.
JavaScript. These programming languages allow them to operate at a faster rate and provide additional features.<\/p>\n<p>PWAs have various benefits compared to the usual web apps:<\/p>\n<ul>\n<li>They are constantly updated<\/li>\n<li>They can run in the background<\/li>\n<li>They can be shared solely with a link<\/li>\n<li>They aren’t entirely reliant on an internet connection<\/li>\n<\/ul>\n<p>Besides, PWAs can improve the analytics of a webpage in terms of page views. This is the case because they go against web traffic. Native applications, for example, cannot do that.<\/p>","definition":"a web application that combines the benefits of native applications and web applications.","status":"published","meta_title":"What is Progressive Web application (PWA)? Definition & Meaning | Crypto Wiki","meta_description":"Progressive Web application (PWA) meaning: Progressive Web application (PWA) - a web application that combines the benefits of native applications and web applications.","meta_keywords":null}"
:prev-section="{"id":882,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Income_statement","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:01.000000Z","updated_at":"2023-11-22T14:39:41.000000Z","slug":"what-is-profit-and-loss-pandl-statement","title":"What is Profit and Loss (P&L) Statement?","section":"P","keyword":"Profit and Loss (P&L) Statement","content":"<p>A <strong>Profit and Loss (P&L) Statement<\/strong>, also referred to as an income statement, earnings statement, expense statement, or operations statement is a type of financial statement where companies report their revenue, expenses, gains, and losses incurred throughout a specific period of time. <\/p>\n<p>This type of financial statement allows the company to assess its performance in regard to the amount of money it’s making or losing. It does this by evaluating these aspects:<\/p>\n<ul>\n<li>Revenue - the total amount of money generated from selling goods or services;<\/li>\n<li>Costs - the amount of money spent to sell goods or services;<\/li>\n<li>Net <strong>profit<\/strong> - the remnants of subtracting costs from revenue.<\/li>\n<\/ul>\n<p>This is considered to be crucial information when making business decisions and investments. <\/p>\n<p>Public companies must report Form 10-Q to the U.S. <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-securities-and-exchange-commission-sec/">Securities and Exchange Commission (SEC)<\/strong><\/a> on a quarterly basis. Private companies are the exception to this rule.<\/p>\n<p>While the statement is a legal requirement, companies may also fill it for their own personal interests. Entire corporations and smaller divisions within said corporations can fill out a profit and loss statement.<\/p>\n<p>The P&L statement is used for a variety of other purposes such as:<\/p>\n<ul>\n<li>Ensuring investors, regulators, and tax collectors are up to date with the company’s performance;<\/li>\n<li>Making informed business decisions;<\/li>\n<li>Preparing future budgets;<\/li>\n<li>Analyzing and measuring the company’s profitability;<\/li>\n<li>Cutting expenses.<\/li>\n<\/ul>\n<h2>What is in a Profit and Loss Statement?<\/h2>\n<p>This is the structure of a P&L statement:<\/p>\n<ul>\n<li>Sales revenue is the total amount of money a company receives from selling goods or services. It takes into account every discount and sale as well as a deduction from goods that were returned; <\/li>\n<li>Costs of goods and services sold refer to the amount of money that is directly spent on the process of selling goods and services such as elements of production like labor and materials;<\/li>\n<li><strong>Operating income<\/strong>, also known as earnings before taxes, describes the amount of money left after subtracting direct and indirect costs from the sales revenue. <\/li>\n<li>Operating expenses refer to the expenses that a company incurs when operating as usual. It takes into account various indirect costs including rent, general office supplies, salaries of administrative personnel, repairs, and utilities to name a few. Equipment depreciation is sometimes added to the operating expenses. <\/li>\n<li>Gross profit represents the remaining amount of money after deducting the cost of goods and services sold from the sales revenue. <\/li>\n<\/ul>\n<h2>How to Calculate a Profit and Loss Statement?<\/h2>\n<p>You can calculate the P&L statement by taking away the costs of goods or services sold out of the total revenue. Next, calculate the net income by also taking away operating expenses from the total revenue. <\/p>\n<p>What is the difference between a Profit and Loss Statement and a Cash Flow Statement?<\/p>\n<p>P&L statement tracks revenue minus expenses incurred within a specific period of time. On the other hand, a cash flow statement records the amount of money that goes in and out of a company within a specific period of time.<\/p>","definition":"is a type of financial statement that shows how the company has performed financially during a specific time period.","status":"published","meta_title":"What is Profit and Loss (P&L) Statement? Definition & Meaning | Crypto Wiki","meta_description":"Profit and Loss (P&L) Statement meaning: Profit and Loss (P&L) Statement - is a type of financial statement that shows how the company has performed financially during a specific time period.","meta_keywords":null}"
:model="{"id":629,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Computer_program","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-22T19:07:58.000000Z","slug":"what-is-programmability","title":"What is Programmability?","section":"P","keyword":"Programmability","content":"<p><strong>Programmability<\/strong> defines<strong> something<\/strong>, usually a computing device, <strong>that’s able to understand, accept, and carry out instructions<\/strong>. An example of this would be a computer or a smartphone.<\/p>\n<p>The above-mentioned instructions are usually just lines of code that are input to a computing device, or a software program that’s within the said computing device. Let’s take <strong>computer mice and keyboards<\/strong> for example. They <strong>both have the capability to be programmed to do specific tasks<\/strong> such as muting the sound of a computer at the click of a button.<\/p>\n<p>When it comes to <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrencies, programmability was first studied in order to figure out how to create digital money that has the capability to follow instructions.<\/p>\n<p>Let’s look at our regular, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-fiat/">fiat money first. <strong>Most of us have cash in our wallets which, without the assigned value by the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-central-bank/">central bank<\/a>, would be considered worthless since it’s just a piece of paper<\/strong>. By using any fiat currency, you agree to the regulations that govern it. <\/p>\n<p>This is where programmability comes into play. <strong>Programmable money stands out since it does not follow any jurisdiction rules<\/strong>. The only rules that are established within virtual, programmable money are the time, the participants, and the means for exchanging value.<\/p>\n<p>Programmable money changes the traditional method of completing transactions. However, it doesn’t just change it between individuals but also takes into account transactions between programs and computing devices. <\/p>\n<p>There’s great potential for implementing automation and new functionalities. For instance, enabling smart contracts to manage payments in specific situations.<\/p>","definition":"is a device or program that can understand and follow instructions.","status":"published","meta_title":"What is Programmability? Definition & Meaning | Crypto Wiki","meta_description":"Programmability meaning: Programmability - is a device or program that can understand and follow instructions.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
:chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin 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The Ins and Outs","status":"published","modified_content":null},{"chapter_id":5,"order":3,"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","status":"published","modified_content":null},{"chapter_id":5,"order":4,"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","status":"published","modified_content":null},{"chapter_id":5,"order":5,"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","status":"published","modified_content":null},{"chapter_id":5,"order":6,"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","status":"published","modified_content":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-dapps.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/dapps-defi-101.jpg","rating":80,"sections":[{"chapter_id":6,"order":1,"slug":"what-are-nfts","title":"What are Non-Fungible Tokens 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Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming 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current-chapter="P"
current-section="what-is-programmability">
