 |  |
| HASH RATE | each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain. |
| ORACLES | measurement of performance for the mining rig is expressed in hashes per second. |
| BLOCK TIMESTAMP | forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. a split in the blockchain where there are temporarily two different blockchains which miners can work on. these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. this deliberate change is called a “hard fork”. it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. |
| FORK | the decentralized, peer-to- peer network which maintains the blockchain. this is what processes all bitcoin transactions. |
| CONSENSUS | these are theoretical, independent blockchains which are “two way pegged” to the bitcoin blockchain. these can have their own unique features and can have bitcoins sent to and from them |
| BITCOIN NETWORK | consensus is achieved when all participants of the network agree on the validity of the transactions, ensuring that the ledgers are exact copies of each other. |
| SIDECHAIN | the act of calling in a margin requirement. an exchange will issue a margin call when it feels that a trader does not have sufficient funds to cover a leveraged trading position. |
| FIAT CURRENCY | oracles work as a bridge between the real world and the blockchain by providing data to the smart contracts. |
| 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. |
| MARGIN CALL | is any money declared by a government to be to be valid for meeting a financial obligation, like usd, eur or cny |
| |  |
| HASH RATE | measurement of performance for the mining rig is expressed in hashes per second. |
| ORACLES | oracles work as a bridge between the real world and the blockchain by providing data to the smart contracts. |
| BLOCK TIMESTAMP | each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain. |
| FORK | forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. a split in the blockchain where there are temporarily two different blockchains which miners can work on. these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. this deliberate change is called a “hard fork”. it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. |
| CONSENSUS | consensus is achieved when all participants of the network agree on the validity of the transactions, ensuring that the ledgers are exact copies of each other. |
| BITCOIN NETWORK | the decentralized, peer-to- peer network which maintains the blockchain. this is what processes all bitcoin transactions. |
| SIDECHAIN | these are theoretical, independent blockchains which are “two way pegged” to the bitcoin blockchain. these can have their own unique features and can have bitcoins sent to and from them |
| FIAT CURRENCY | is any money declared by a government to be to be valid for meeting a financial obligation, like usd, eur or cny |
| 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. |
| MARGIN CALL | the act of calling in a margin requirement. an exchange will issue a margin call when it feels that a trader does not have sufficient funds to cover a leveraged trading position. |
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