 |  |
| MINING POOL | participants of a p2p network deal directly with each other through a single mediation point. peer to peer (p2p) refers to the decentralized interactions between two parties or more in a highly-interconnected network. |
| TURING COMPLETE | based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular. |
| COLD STORAGE | commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another. |
| PEER TO PEER | a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining. |
| MT GOX | these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. |
| PRIVATE KEY | they act as passwords that are kept hidden from anyone but the owner of the address. a private key is a string of data that allows you to access the tokens in a specific wallet. |
| WIRE TRANSFER | this is usually done online via websites where people can donate. the pooling of resources such as information or money contributed by the general population, to a goal. |
| DISTRIBUTED NETWORK | turing complete refers to the ability of a machine to perform calculations that any other programmable computer is capable of. an example of this is the ethereum virtual machine (evm). |
| BLOCKCHAIN | 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. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks. |
| CROWDSOURCING | rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes. |
| |  |
| MINING POOL | a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining. |
| TURING COMPLETE | turing complete refers to the ability of a machine to perform calculations that any other programmable computer is capable of. an example of this is the ethereum virtual machine (evm). |
| COLD STORAGE | these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. |
| PEER TO PEER | participants of a p2p network deal directly with each other through a single mediation point. peer to peer (p2p) refers to the decentralized interactions between two parties or more in a highly-interconnected network. |
| MT GOX | based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular. |
| PRIVATE KEY | they act as passwords that are kept hidden from anyone but the owner of the address. a private key is a string of data that allows you to access the tokens in a specific wallet. |
| WIRE TRANSFER | commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another. |
| DISTRIBUTED NETWORK | rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes. |
| BLOCKCHAIN | 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. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks. |
| CROWDSOURCING | this is usually done online via websites where people can donate. the pooling of resources such as information or money contributed by the general population, to a goal. |
The agreement of our Team: The following authors decided to create a Team in order to collaborate and share formats and content in our posts. Any copy of content between this Team does not constitute a plagiarism.
