MT GOX - MARKET ORDER - MINER - CRYPTOGRAPHY -

realskilled (47)in #blockchain • 6 years ago


MT GOX	rather than holding them until a set market condition is triggered to try and make a profit; in a bitcoin exchange, you would place a market order if you simply wanted to buy or sell bitcoins immediately. an instruction given to an exchange, asking it to buy or sell an asset at the going market rate. ^{Source + Source}
MARKET ORDER	a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain. ^{Source + Source}
MINER	based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular. ^{Source + Source}
CRYPTOGRAPHY	it is more probable that an asteroid falls on your house than that a bitcoin address is compromised. cryptocurrencies are not secured by people or by trust, but by math. cryptocurrencies are built on cryptography. is the practice and study of techniques for secure communication in the presence of third parties called adversaries.^{Source + Source}


MT GOX	based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular. ^{Source + Source}
MARKET ORDER	rather than holding them until a set market condition is triggered to try and make a profit; in a bitcoin exchange, you would place a market order if you simply wanted to buy or sell bitcoins immediately. an instruction given to an exchange, asking it to buy or sell an asset at the going market rate. ^{Source + Source}
MINER	a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain. ^{Source + Source}
CRYPTOGRAPHY	it is more probable that an asteroid falls on your house than that a bitcoin address is compromised. cryptocurrencies are not secured by people or by trust, but by math. cryptocurrencies are built on cryptography. is the practice and study of techniques for secure communication in the presence of third parties called adversaries.^{Source + Source}

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