Crypto Terms:
Letter S
What is Supply and Demand?
Meaning:
Supply and Demand -
factors that regulate the price and determine the willingness of the trader to buy or sell assets.
Let's find out Supply and Demand meaning, definition in crypto, what is Supply and Demand, and all other detailed facts.
Supply and demand are two elements that influence the price of an asset and determine whether a trader is willing to buy or sell it. It defines a connection between a given asset and the desire of buyers for it.
The amount of material, asset, product, or service accessible to the economy is referred to as supply. It doesn’t really define how much of something there is overall, it defines how much people can get.
The need for products and services is known as demand. It is used to calculate the number of people who are interested in an organization's products or services, as well as the amount of money they are willing to pay for them.
Bitcoin (BTC) is a great example of a limited asset that has sparked a financial revolution by showcasing the enormous benefits of having a digital asset with a restricted supply. The greater the demand for Bitcoin is, the more valuable it becomes.
blockchain technology<\/strong><\/a> into supply chain systems to track the product roadmap.<\/p>\n<p>Supply chain management is important in ensuring product security. The use of blockchain technology helps ensure data security, mismanagement of the supply chain processes, and attempts to copy or steal the product.<\/p>\n<p>Blockchain acts as an immutable <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-distributed-ledger/">distributed ledger<\/strong><\/a>. Any information recorded on the blockchain can’t be deleted or edited. This helps maintain a clear path of any payments and contracts made in the supply chain.<\/p>\n<p>Furthermore, some companies can use cryptocurrency tokens to track the product supply chain. <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-non-fungible-token-nft/">Non-fungible tokens (NFTs)<\/strong><\/a> can be particularly applicable as product labels. NFTs are developed to be one-of-a-kind tokens, which makes them uniquely useful as trackers in the supply chain.<\/p>\n<p>The use of blockchain technology in supply chain optimization has helped simplify the tracking and management processes. Blockchains can make the overall supply chain processes more efficient and secure.<\/p>","definition":"the network of all individuals, groups, resources, tasks, activities, and technology used in a product's development and sale.","status":"published","meta_title":"What is Supply Chain? Definition & Meaning | Crypto Wiki","meta_description":"Supply Chain meaning: Supply Chain - the steps taken between the first developmental stages of a product or a service and its delivery to the end user.","meta_keywords":null}"
:prev-section="{"id":740,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Supercomputer","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-10-30T04:24:31.000000Z","slug":"what-is-supercomputer","title":"What is Supercomputer?","section":"S","keyword":"Supercomputer","content":"<p><strong>A Supercomputer is a significantly more powerful version of a general-purpose computer<\/strong>. Features that distinguish a supercomputer are their greater capacity which enables them to execute a large number of operations, and increased processing power. <\/p>\n<p><strong>Floating-point operations per second (FLOPS)<\/strong> is the metric used to <strong>calculate<\/strong> a <strong>supercomputer’s performance<\/strong>. The most powerful supercomputers today reach speeds of 100 quadrillion FLOPS. <\/p>\n<p>Control Data Corporation was the first computer company to introduce a supercomputer. They were first presented to the public in the 1960s thanks to Seymour Cray who spent most of his time researching and developing the first supercomputer. <\/p>\n<p>We have come a long way from that first supercomputer that was barely utilized for anything back in the 1960s to the supercomputers of the 21st century that are key to technological advancements. <\/p>\n<p>You might be wondering what purpose supercomputers serve in the 21st century. There are various problems a supercomputer can be used to solve. For example, weather prediction. In order to provide accurate information, meteorologists have to collect data from all over the world. Since it comes from various sources, there is a huge amount of data that general-use computers are not able to compute. On the other hand, supercomputers have all of the capabilities to process the data and provide precise results.<\/p>\n<p>However, they’re not the perfect machine as of yet. Coming back to the weather prediction example, in order to predict the weather 2 weeks ahead requires one sextillion FLOPS which is not something that any of the current supercomputers is able to process.<\/p>\n<p>Superpower countries including the United States, China, and Russia are racing to develop and complete the greatest supercomputer. Not too long ago, the countries of the European Union, the United States, and China were racing to complete the first supercomputer that had the capability to reach one quintillion FLOPS in speed. Therefore, it’s only a matter of time until a more powerful supercomputer is introduced by one of these countries.<\/p>\n<p><strong>When it comes to the crypto sector, supercomputers are utilized in the development of projects<\/strong>. They could also be the<strong> possible solution to the high energy consumption <\/strong>and<strong> <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-scaling-problem/">scalability problem<\/a><\/strong>.<\/p>","definition":"has superior GPUs and CPUs and is a significantly more powerful computer than a general-use computer in most households.","status":"published","meta_title":"What is Supercomputer? Definition & Meaning | Crypto Wiki","meta_description":"Supercomputer meaning: Supercomputer - has superior GPUs and CPUs and is a significantly more powerful computer than a general-use computer in most households.","meta_keywords":null}"
:model="{"id":716,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Supply_and_Demand","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-10-30T04:25:06.000000Z","slug":"what-is-supply-and-demand","title":"What is Supply and Demand?","section":"S","keyword":"Supply and Demand","content":"<p>Supply and demand are two elements that influence the price of an asset and determine whether a trader is willing to buy or sell it. <strong>It defines a connection between a given asset and the desire of buyers for it.<\/strong><\/p>\n<p>The amount of material, asset, product, or service accessible to the economy is referred to as <strong>supply<\/strong>. It doesn’t really define how much of something there is overall, it defines how much people can get.<\/p>\n<p>The need for products and services is known as <strong>demand<\/strong>. It is used to calculate the number of people who are interested in an organization's products or services, as well as the amount of money they are willing to pay for them.<\/p>\n<p><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin (BTC)<\/strong><\/strong><\/a> is a great example of a limited asset that has sparked a financial revolution by showcasing the enormous benefits of having a digital asset with a restricted supply. The greater the demand for Bitcoin is, the more valuable it becomes.<\/p>","definition":"factors that regulate the price and determine the willingness of the trader to buy or sell assets.","status":"published","meta_title":"What is Supply and Demand? Definition & Meaning | Crypto Wiki","meta_description":"Supply and Demand meaning: Supply and Demand - are factors that regulate the price and determine the willingness of the trader to buy or sell assets.","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."}}}"
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current-chapter="S"
current-section="what-is-supply-and-demand">
