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| 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. |
| SCRYPT | each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain. |
| BLOCK TIMESTAMP | scrypt is a type of cryptographic algorithm and is used by litecoin. compared to sha256, this is quicker as it does not use up as much processing time. |
| DOUBLE SPENDING | one of the first bitcoin exchanges, and at one time the most popular. mt. gox has since gone into administration. based in japan, the exchange was started by jed mccaleb in 2010. |
| ASYMMETRIC KEY ALGORITHM | a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. |
| MT GOX | a file that houses private keys. it usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for. |
| HOT WALLET | 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. |
| ETHER | a bitcoin wallet that has an active connection to the internet. these are used for “everyday” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. |
| WALLET | the algorithm used to generate public and private keys. these keys are needed to support cryptocurrency transactions. both sender and receiver have this key, and can send secure information. |
| BLOCK EXPLORER | is the native token of the ethereum blockchain which is used to pay for transaction fees, miner rewards and other services on the network. |
| |  |
| 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. |
| SCRYPT | scrypt is a type of cryptographic algorithm and is used by litecoin. compared to sha256, this is quicker as it does not use up as much processing time. |
| BLOCK TIMESTAMP | each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain. |
| DOUBLE SPENDING | a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. |
| ASYMMETRIC KEY ALGORITHM | the algorithm used to generate public and private keys. these keys are needed to support cryptocurrency transactions. both sender and receiver have this key, and can send secure information. |
| MT GOX | one of the first bitcoin exchanges, and at one time the most popular. mt. gox has since gone into administration. based in japan, the exchange was started by jed mccaleb in 2010. |
| HOT WALLET | a bitcoin wallet that has an active connection to the internet. these are used for “everyday” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. |
| ETHER | is the native token of the ethereum blockchain which is used to pay for transaction fees, miner rewards and other services on the network. |
| WALLET | a file that houses private keys. it usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for. |
| 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. |
