INITIAL COIN OFFERING (ICO) - OTC EXCHANGE - DECENTRALIZED - PROOF OF STAKE - DESKTOP WALLET - PROOF OF WORK - CRYPTOGRAPHIC HASH FUNCTION - PUBLIC/PRIVATE KEY - MEDIUM OF EXCHANGE - BLOCK REWARD -

matthew.davis (49)in #cryptocurrency • 8 years ago

INITIAL COIN OFFERING (ICO) rather than relying on a central exchange to mediate between them; an exchange in which traders make deals with each other directly.
OTC EXCHANGE the more you invest in the coin, the more you gain by mining with this protocol. a consensus distribution algorithm that rewards earnings based on the number of coins you own or hold.
DECENTRALIZED the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
PROOF OF STAKE fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system.
DESKTOP WALLET another party can then receive the message and using a key that is only known to that individual or group, decode the message. in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message.
PROOF OF WORK the sha-256 computational algorithm is an example of a cryptographic hash. cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input.
CRYPTOGRAPHIC HASH FUNCTION happens when someone offers (in exchange against cryptocurrencies like bitcoin or ethereum) investors some units of a new cryptocurrency or crypto-token.
PUBLIC/PRIVATE KEY means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.
MEDIUM OF EXCHANGE allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
BLOCK REWARD verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded by a portion of those. a form of incentive for the miner who successfully calculated the hash in a block during mining.
Source + Source


INITIAL COIN OFFERING (ICO)	rather than relying on a central exchange to mediate between them; an exchange in which traders make deals with each other directly.
OTC EXCHANGE	the more you invest in the coin, the more you gain by mining with this protocol. a consensus distribution algorithm that rewards earnings based on the number of coins you own or hold.
DECENTRALIZED	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
PROOF OF STAKE	fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system.
DESKTOP WALLET	another party can then receive the message and using a key that is only known to that individual or group, decode the message. in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message.
PROOF OF WORK	the sha-256 computational algorithm is an example of a cryptographic hash. cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input.
CRYPTOGRAPHIC HASH FUNCTION	happens when someone offers (in exchange against cryptocurrencies like bitcoin or ethereum) investors some units of a new cryptocurrency or crypto-token.
PUBLIC/PRIVATE KEY	means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.
MEDIUM OF EXCHANGE	allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
BLOCK REWARD	verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded by a portion of those. a form of incentive for the miner who successfully calculated the hash in a block during mining.

INITIAL COIN OFFERING (ICO) happens when someone offers (in exchange against cryptocurrencies like bitcoin or ethereum) investors some units of a new cryptocurrency or crypto-token.
OTC EXCHANGE rather than relying on a central exchange to mediate between them; an exchange in which traders make deals with each other directly.
DECENTRALIZED means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.
PROOF OF STAKE the more you invest in the coin, the more you gain by mining with this protocol. a consensus distribution algorithm that rewards earnings based on the number of coins you own or hold.
DESKTOP WALLET allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
PROOF OF WORK the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
CRYPTOGRAPHIC HASH FUNCTION the sha-256 computational algorithm is an example of a cryptographic hash. cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input.
PUBLIC/PRIVATE KEY another party can then receive the message and using a key that is only known to that individual or group, decode the message. in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message.
MEDIUM OF EXCHANGE fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system.
BLOCK REWARD verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded by a portion of those. a form of incentive for the miner who successfully calculated the hash in a block during mining.
Source + Source


INITIAL COIN OFFERING (ICO)	happens when someone offers (in exchange against cryptocurrencies like bitcoin or ethereum) investors some units of a new cryptocurrency or crypto-token.
OTC EXCHANGE	rather than relying on a central exchange to mediate between them; an exchange in which traders make deals with each other directly.
DECENTRALIZED	means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.
PROOF OF STAKE	the more you invest in the coin, the more you gain by mining with this protocol. a consensus distribution algorithm that rewards earnings based on the number of coins you own or hold.
DESKTOP WALLET	allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
PROOF OF WORK	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
CRYPTOGRAPHIC HASH FUNCTION	the sha-256 computational algorithm is an example of a cryptographic hash. cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input.
PUBLIC/PRIVATE KEY	another party can then receive the message and using a key that is only known to that individual or group, decode the message. in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message.
MEDIUM OF EXCHANGE	fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system.
BLOCK REWARD	verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded by a portion of those. a form of incentive for the miner who successfully calculated the hash in a block during mining.

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8 years ago in #cryptocurrency by matthew.davis (49)

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INITIAL COIN OFFERING (ICO) - OTC EXCHANGE - DECENTRALIZED - PROOF OF STAKE - DESKTOP WALLET - PROOF OF WORK - CRYPTOGRAPHIC HASH FUNCTION - PUBLIC/PRIVATE KEY - MEDIUM OF EXCHANGE - BLOCK REWARD -

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