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| BLOCK TIMESTAMP | each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain. |
| BITCOIN (UNIT OF CURRENCY) | a proof of work is a piece of data which is difficult (costly, time-consuming) to produce but easy for others to verify and which satisfies certain requirements. |
| PROOF-OF-WORK | measurement of performance for the mining rig is expressed in hashes per second. |
| PUBLIC/PRIVATE KEY | a bitcoin wallet which stores a user’s bitcoins offline on hardware devices. |
| DAPP | a type of network where processing power and data are spread over the nodes rather than having a centralised data centre. |
| HARDWARE WALLET | inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements. the publicity causes others to acquire the asset, forcing up its value. when the value is high enough, the perpetrator sells their assets, cashing in and flooding the market, which causes the value to crash. |
| PUMP AND DUMP | a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity. the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. |
| PROOF OF WORK | a decentralised application (dapp) is an application that is open source, operates autonomously, has its data stored on a blockchain, incentivised in the form of cryptographic tokens and operates on a protocol that shows proof of value. |
| HASH RATE | 100,000,000 satoshis. a unit of the decentralized, digital currency which can be traded for goods and services. bitcoin also functions as a reserve currency for the altcoin ecosystem. |
| DISTRIBUTED NETWORK | in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message. another party can then receive the message and using a key that is only known to that individual or group, decode the message. |
|  |
| BLOCK TIMESTAMP | each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain. |
| BITCOIN (UNIT OF CURRENCY) | 100,000,000 satoshis. a unit of the decentralized, digital currency which can be traded for goods and services. bitcoin also functions as a reserve currency for the altcoin ecosystem. |
| PROOF-OF-WORK | a proof of work is a piece of data which is difficult (costly, time-consuming) to produce but easy for others to verify and which satisfies certain requirements. |
| PUBLIC/PRIVATE KEY | in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message. another party can then receive the message and using a key that is only known to that individual or group, decode the message. |
| DAPP | a decentralised application (dapp) is an application that is open source, operates autonomously, has its data stored on a blockchain, incentivised in the form of cryptographic tokens and operates on a protocol that shows proof of value. |
| HARDWARE WALLET | a bitcoin wallet which stores a user’s bitcoins offline on hardware devices. |
| PUMP AND DUMP | inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements. the publicity causes others to acquire the asset, forcing up its value. when the value is high enough, the perpetrator sells their assets, cashing in and flooding the market, which causes the value to crash. |
| PROOF OF WORK | a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity. the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. |
| HASH RATE | measurement of performance for the mining rig is expressed in hashes per second. |
| DISTRIBUTED NETWORK | a type of network where processing power and data are spread over the nodes rather than having a centralised data centre. |
