traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "Market Cap"The market capitalization shows the value of a company, market or sector at a point in time, it is commonly used to…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "ICO"ICO (Initial coin offering) is an unregulated means by which a cryptocurrency project, early stage, can raise money…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "Segregated Witness (SegWit)"Segregated Witness is a process where the block size limit on a blockchain is increased by removing digital signature…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "Lightning network"Lightning Network is a low latency, off chain P2P system for making micropayments of cryptocurrencies. Lightning…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "ERC-20"A token standard for Ethereum which ensures that the tokens perform in a predictable way. The standard allows the…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "Dapp"Dapp Dapp (Decentralised application ) is a kind of application that is open source, operates autonomously, has its…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "Wallet"Wallet (Hardware/HD/Paper/Software) A physical or software object where you have a combination of public and private…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "Confirmation"Confirmation When a Bitcoin transaction takes place, the blockchain confirms the transaction’s validity. The…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "Sharding"Sharding is a type of scaling solution for blockchains. Generally, every node in a blockchain network houses a…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology:"51% attack"A 51% attack is a situation where more than half of the network's hashpower is in the hands of a single individual…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "PoS-Proof of Stake"A Proof of Stake system requires the prover to show ownership of a certain amount of money, or stake. Proof of Stake…traveljunkie (43)in #bitcoin • 7 years agoCrypto terminology: "PoW-Proof of Work"When it comes to Proof of Work, computers on the network compete to solve mathematical formulas and win the right to…traveljunkie (43)in #bitcoin • 7 years agoThe lessons I’ve learned since getting involved with cryptocurrenciesThe lessons I’ve learned since getting involved with cryptocurrencies Well, to tell you the truth, I don’t really…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "Fork"A fork is the permanent divergence of an alternative operating version of the current blockchain. Forks come into…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "SHA-256"SHA-256 is a member of the SHA-2 cryptographic hash functions designed by the NSA. SHA stands for Secure Hash…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "Node"A node refers to any computer or other device that's running the Bitcoin client software and participates in the…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "Mining"Mining is the term used for discovering and solving blocks along the blockchain. A reward is given for solving the…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "Distributed and Central ledger"A distributed ledger is an agreement of shared, replicable and synchronized data, in this case spread across multiple…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "Halving"Halving is the reduction of mineable reward every so many blocks. The Bitcoin block mining reward halves every…traveljunkie (43)in #cryptocurrency • 7 years agoCrypto terminology: "ASIC/ASIC MINER"ASIC mining is a crafty method of mining various coins at a much faster rate than any normal desktop or laptop might…
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