 |  |
| HARDWARE WALLET | a very dangerous threat for cryptocurrency users. often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. this can cause a sustained downtime on said network or even make them crash completely. |
| DISTRIBUTED DENIAL OF SERVICE (DDOS) | a bitcoin wallet which stores a user’s bitcoins offline on hardware devices. |
| PEER-TO-PEER NETWORK (P2P) | a blockchain where the consensus process is controlled by a pre-selected set of nodes; for example, a consortium of 15 financial institutions. |
| MINING | in foreign or crypto currency trading, leverage multiplies the real funds in your account by a given factor, enabling you to make trades that result in significant profit. by giving leverage to a trader, the trading exchange is effectively lending them money, in the hope that it will earn back more than it loaned in commission. leverage is also known as a margin requirement. |
| SHA-256 | a technical term for a collection of unconfirmed transactions stored by a node until they either expire or get included in the main chain. |
| CRYPTOCURRENCY | mining is the act of validating blockchain transactions. the necessity of validation warrants an incentive for the miners, usually in the form of coins. in this cryptocurrency boom, mining can be a lucrative business when done properly. by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. |
| OTC EXCHANGE | sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin. however, it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. |
| CONSORTIUM BLOCKCHAIN | also known as tokens, cryptocurrencies are representations of digital assets. |
| MEMPOOL | any computer network where two or more computers are connected and share resources without going through a separate server. these networks can become massive, allowing for things like file-sharing or cryptocurrency. |
| LEVERAGE | an exchange in which traders make deals with each other directly, rather than relying on a central exchange to mediate between them |
| |  |
| HARDWARE WALLET | a bitcoin wallet which stores a user’s bitcoins offline on hardware devices. |
| DISTRIBUTED DENIAL OF SERVICE (DDOS) | a very dangerous threat for cryptocurrency users. often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. this can cause a sustained downtime on said network or even make them crash completely. |
| PEER-TO-PEER NETWORK (P2P) | any computer network where two or more computers are connected and share resources without going through a separate server. these networks can become massive, allowing for things like file-sharing or cryptocurrency. |
| MINING | mining is the act of validating blockchain transactions. the necessity of validation warrants an incentive for the miners, usually in the form of coins. in this cryptocurrency boom, mining can be a lucrative business when done properly. by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. |
| SHA-256 | sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin. however, it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. |
| CRYPTOCURRENCY | also known as tokens, cryptocurrencies are representations of digital assets. |
| OTC EXCHANGE | an exchange in which traders make deals with each other directly, rather than relying on a central exchange to mediate between them |
| CONSORTIUM BLOCKCHAIN | a blockchain where the consensus process is controlled by a pre-selected set of nodes; for example, a consortium of 15 financial institutions. |
| MEMPOOL | a technical term for a collection of unconfirmed transactions stored by a node until they either expire or get included in the main chain. |
| LEVERAGE | in foreign or crypto currency trading, leverage multiplies the real funds in your account by a given factor, enabling you to make trades that result in significant profit. by giving leverage to a trader, the trading exchange is effectively lending them money, in the hope that it will earn back more than it loaned in commission. leverage is also known as a margin requirement. |
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