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| MINING | 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. |
| BLOCK TIMESTAMP | 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. |
| EVM | each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain. |
| OPEN SOURCE | block explorer is an online tool to view all transactions, past and current, on the blockchain. they provide useful information such as network hash rate and transaction growth. |
| BITCOIN | anything that exists in a binary format and comes with the right to use. data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. |
| SHA-256 | 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. |
| AML | anti-money laundering techniques are used to stop people converting illegally obtained funds, to appear as though they have been earned legally. aml mechanisms can be legal or technical in nature. regulators frequently apply aml techniques to bitcoin exchanges. |
| 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. |
| BLOCK EXPLORER | bitcoin can refer to the protocol, network or the unit of currency. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. |
| DIGITAL ASSET | the practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone. |
| |  |
| 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. |
| BLOCK TIMESTAMP | each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the 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. |
| OPEN SOURCE | the practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone. |
| BITCOIN | bitcoin can refer to the protocol, network or the unit of currency. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. |
| 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. |
| AML | anti-money laundering techniques are used to stop people converting illegally obtained funds, to appear as though they have been earned legally. aml mechanisms can be legal or technical in nature. regulators frequently apply aml techniques to bitcoin exchanges. |
| 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. |
| BLOCK EXPLORER | block explorer is an online tool to view all transactions, past and current, on the blockchain. they provide useful information such as network hash rate and transaction growth. |
| DIGITAL ASSET | anything that exists in a binary format and comes with the right to use. data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. |
