 |  |
| Cryptocurrency | A ledger maintained by a central agency. |
| Block Reward | A blockchain is a shared ledger where transactions are permanently recorded by appending blocks. The blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. |
| Confirmation | The number of blocks connected on the blockchain. |
| Block | The successful act of hashing a transaction and adding it to the blockchain. |
| Central Ledger | A form of incentive for the miner who successfully calculated the hash in a block during mining. Verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those. |
| ASIC | Blocks are packages of data that carry permanently recorded data on the blockchain network. |
| Block Height | Also known as tokens, cryptocurrencies are representations of digital assets. |
| Bitcoin | 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. |
| Blockchain | Short form for ‘Application Specific Integrated Circuit’. Often compared to GPUs, ASICs are specially made for mining and may offer significant power savings. |
| Cryptographic Hash Function | Cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input. The SHA-256 computational algorithm is an example of a cryptographic hash. |
| |  |
| Cryptocurrency | Also known as tokens, cryptocurrencies are representations of digital assets. |
| Block Reward | A form of incentive for the miner who successfully calculated the hash in a block during mining. Verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those. |
| Confirmation | The successful act of hashing a transaction and adding it to the blockchain. |
| Block | Blocks are packages of data that carry permanently recorded data on the blockchain network. |
| Central Ledger | A ledger maintained by a central agency. |
| ASIC | Short form for ‘Application Specific Integrated Circuit’. Often compared to GPUs, ASICs are specially made for mining and may offer significant power savings. |
| Block Height | The number of blocks connected on the blockchain. |
| Bitcoin | 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. |
| Blockchain | A blockchain is a shared ledger where transactions are permanently recorded by appending blocks. The blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. |
| Cryptographic Hash Function | Cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input. The SHA-256 computational algorithm is an example of a cryptographic hash. |
