Steemit

traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto 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…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto terminology: "ICO"
ICO (Initial coin offering) is an unregulated means by which a cryptocurrency project, early stage, can raise money…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto terminology: "Segregated Witness (SegWit)"
Segregated Witness is a process where the block size limit on a blockchain is increased by removing digital signature…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto terminology: "Lightning network"
Lightning Network is a low latency, off chain P2P system for making micropayments of cryptocurrencies. Lightning…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto terminology: "ERC-20"
A token standard for Ethereum which ensures that the tokens perform in a predictable way. The standard allows the…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto terminology: "Dapp"
Dapp Dapp (Decentralised application ) is a kind of application that is open source, operates autonomously, has its…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto terminology: "Wallet"
Wallet (Hardware/HD/Paper/Software) A physical or software object where you have a combination of public and private…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto terminology: "Confirmation"
Confirmation When a Bitcoin transaction takes place, the blockchain confirms the transaction’s validity. The…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto terminology: "Sharding"
Sharding is a type of scaling solution for blockchains. Generally, every node in a blockchain network houses a…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto 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…
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Past Payouts $0.02, 0.00 TRX
- Author $0.02, 0.00 TRX
- Curators $0.00, 0.00 TRX
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto 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…
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traveljunkie (43)in #bitcoin • 7 years ago • None
Crypto 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…
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traveljunkie (43)in #bitcoin • 7 years ago • None
The lessons I’ve learned since getting involved with cryptocurrencies
The lessons I’ve learned since getting involved with cryptocurrencies Well, to tell you the truth, I don’t really…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto terminology: "Fork"
A fork is the permanent divergence of an alternative operating version of the current blockchain. Forks come into…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto terminology: "SHA-256"
SHA-256 is a member of the SHA-2 cryptographic hash functions designed by the NSA. SHA stands for Secure Hash…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto terminology: "Node"
A node refers to any computer or other device that's running the Bitcoin client software and participates in the…
$0.03
Past Payouts $0.03, 0.00 TRX
- Author $0.03, 0.00 TRX
- Curators $0.00, 0.00 TRX
3 1
traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto terminology: "Mining"
Mining is the term used for discovering and solving blocks along the blockchain. A reward is given for solving the…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto terminology: "Distributed and Central ledger"
A distributed ledger is an agreement of shared, replicable and synchronized data, in this case spread across multiple…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto terminology: "Halving"
Halving is the reduction of mineable reward every so many blocks. The Bitcoin block mining reward halves every…
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traveljunkie (43)in #cryptocurrency • 7 years ago • None
Crypto 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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