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| LITECOIN | happens when someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like bitcoin or ethereum. |
| NODE | a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. |
| GENESIS BLOCK | a wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins. |
| EVM | 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. |
| CENTRAL LEDGER | a copy of the ledger operated by a participant of the blockchain network. a node is essentially a computer connected to cryptocurrency network. a node supports the network through validation and relaying of transactions while receiving a copy of the full blockchain itself. |
| SOFT FORK | is a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. sometimes referred to as the silver of bitcoin’s gold. |
| DOUBLE SPENDING | is any money declared by a government to be to be valid for meeting a financial obligation, like usd, eur or cny |
| INITIAL COIN OFFERING (ICO) | the first or first few blocks of a blockchain. |
| DESKTOP WALLET | a ledger maintained by a central agency. |
| FIAT CURRENCY | the ethereum virtual machine (evm) is a turing complete virtual machine that allows anyone to execute arbitrary evm byte code. every ethereum node runs on the evm to maintain consensus across the blockchain. |
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| LITECOIN | is a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. sometimes referred to as the silver of bitcoin’s gold. |
| NODE | a copy of the ledger operated by a participant of the blockchain network. a node is essentially a computer connected to cryptocurrency network. a node supports the network through validation and relaying of transactions while receiving a copy of the full blockchain itself. |
| GENESIS BLOCK | the first or first few blocks of a blockchain. |
| EVM | the ethereum virtual machine (evm) is a turing complete virtual machine that allows anyone to execute arbitrary evm byte code. every ethereum node runs on the evm to maintain consensus across the blockchain. |
| CENTRAL LEDGER | a ledger maintained by a central agency. |
| 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. |
| DOUBLE SPENDING | a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. |
| 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. |
| DESKTOP WALLET | a wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins. |
| FIAT CURRENCY | is any money declared by a government to be to be valid for meeting a financial obligation, like usd, eur or cny |
