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| MARKET ORDER | an acronym for bitcoin. a single unit of the bitcoin currency. |
| ORACLES | electronically transferring money from one person to another. commonly used to send and retrieve fiat currency from bitcoin exchanges |
| DESKTOP WALLET | oracles work as a bridge between the real world and the blockchain by providing data to the smart contracts. |
| GENESIS BLOCK | a test blockchain used by developers to prevent expending assets on the main chain. |
| BLOCK REWARD | an instruction given to an exchange, asking it to buy or sell an asset at the going market rate. in a bitcoin exchange, you would place a market order if you simply wanted to buy or sell bitcoins immediately, rather than holding them until a set market condition is triggered to try and make a profit. |
| BTC | a form of incentive for the miner who successfully calculated the hash in a block during mining. verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those. |
| WIRE TRANSFER | the first or first few blocks of a blockchain. |
| ETHER | bitcoins have a finite supply, which makes them a scarce digital commodity. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years. this is called “halving.” the final halving will take place in the year 2140. |
| TESTNET | is the native token of the ethereum blockchain which is used to pay for transaction fees, miner rewards and other services on the network. |
| HALVING | a wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins. |
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| MARKET ORDER | an instruction given to an exchange, asking it to buy or sell an asset at the going market rate. in a bitcoin exchange, you would place a market order if you simply wanted to buy or sell bitcoins immediately, rather than holding them until a set market condition is triggered to try and make a profit. |
| ORACLES | oracles work as a bridge between the real world and the blockchain by providing data to the smart contracts. |
| DESKTOP WALLET | a wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins. |
| GENESIS BLOCK | the first or first few blocks of a blockchain. |
| BLOCK REWARD | a form of incentive for the miner who successfully calculated the hash in a block during mining. verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those. |
| BTC | an acronym for bitcoin. a single unit of the bitcoin currency. |
| WIRE TRANSFER | electronically transferring money from one person to another. commonly used to send and retrieve fiat currency from bitcoin exchanges |
| ETHER | is the native token of the ethereum blockchain which is used to pay for transaction fees, miner rewards and other services on the network. |
| TESTNET | a test blockchain used by developers to prevent expending assets on the main chain. |
| HALVING | bitcoins have a finite supply, which makes them a scarce digital commodity. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years. this is called “halving.” the final halving will take place in the year 2140. |
