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BLOCK HEIGHT | inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements. the publicity causes others to acquire the asset, forcing up its value. when the value is high enough, the perpetrator sells their assets, cashing in and flooding the market, which causes the value to crash. |
QR CODE | the pooling of resources such as information or money contributed by the general population, to a goal. this is usually done online via websites where people can donate. |
SOFT FORK | electronically transferring money from one person to another. commonly used to send and retrieve fiat currency from bitcoin exchanges |
INITIAL COIN OFFERING (ICO) | the successful act of hashing a transaction and adding it to the blockchain. |
CROWDSOURCING | a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. this kind of fork requires only a majority of the miners upgrading to enforce the new rules |
PUMP AND DUMP | in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message. another party can then receive the message and using a key that is only known to that individual or group, decode the message. |
SOFTFORK | the number of blocks connected on the blockchain. |
WIRE TRANSFER | happens when someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like bitcoin or ethereum. |
CONFIRMATION | a soft fork differs from a hard fork in that only previously valid transactions are made invalid. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. this type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version. |
PUBLIC/PRIVATE KEY | a digital representation of a bitcoin public or private key that is easy to scan by digital cameras. qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data |
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BLOCK HEIGHT | the number of blocks connected on the blockchain. |
QR CODE | a digital representation of a bitcoin public or private key that is easy to scan by digital cameras. qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data |
SOFT FORK | a soft fork differs from a hard fork in that only previously valid transactions are made invalid. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. this type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version. |
INITIAL COIN OFFERING (ICO) | happens when someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like bitcoin or ethereum. |
CROWDSOURCING | the pooling of resources such as information or money contributed by the general population, to a goal. this is usually done online via websites where people can donate. |
PUMP AND DUMP | inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements. the publicity causes others to acquire the asset, forcing up its value. when the value is high enough, the perpetrator sells their assets, cashing in and flooding the market, which causes the value to crash. |
SOFTFORK | a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. this kind of fork requires only a majority of the miners upgrading to enforce the new rules |
WIRE TRANSFER | electronically transferring money from one person to another. commonly used to send and retrieve fiat currency from bitcoin exchanges |
CONFIRMATION | the successful act of hashing a transaction and adding it to the blockchain. |
PUBLIC/PRIVATE KEY | in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message. another party can then receive the message and using a key that is only known to that individual or group, decode the message. |
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