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| HYBRID POS/POW | the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades. a suitably large community of buyers and sellers is important for liquidity. the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. |
| EXCHANGE | the pooling of resources such as information or money contributed by the general population, to a goal. this is usually done online via websites where people can donate. |
| RIPPLE | is a payment network built on distributed ledgers that can be used to transfer any currency. the network consists of payment nodes and gateways operated by authorities. payments are made using a series of ious, and the network is based on trust relationships. |
| SIDECHAIN | a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network. in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). |
| SHA-256 | a proof of work is a piece of data which is difficult (costly, time-consuming) to produce but easy for others to verify and which satisfies certain requirements. |
| DIGITAL ASSET | 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. |
| LIQUIDITY | these are theoretical, independent blockchains which are “two way pegged” to the bitcoin blockchain. these can have their own unique features and can have bitcoins sent to and from them |
| PROOF-OF-WORK | 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. |
| BLOCK EXPLORER | a place where buyers and sellers can trade bitcoins or other cryptocurrencies. |
| CROWDSOURCING | 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. |
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| HYBRID POS/POW | a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network. in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). |
| EXCHANGE | a place where buyers and sellers can trade bitcoins or other cryptocurrencies. |
| RIPPLE | is a payment network built on distributed ledgers that can be used to transfer any currency. the network consists of payment nodes and gateways operated by authorities. payments are made using a series of ious, and the network is based on trust relationships. |
| SIDECHAIN | these are theoretical, independent blockchains which are “two way pegged” to the bitcoin blockchain. these can have their own unique features and can have bitcoins sent to and from them |
| 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. |
| 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. |
| LIQUIDITY | the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades. a suitably large community of buyers and sellers is important for liquidity. the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. |
| PROOF-OF-WORK | a proof of work is a piece of data which is difficult (costly, time-consuming) to produce but easy for others to verify and which satisfies certain requirements. |
| 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. |
| CROWDSOURCING | the pooling of resources such as information or money contributed by the general population, to a goal. this is usually done online via websites where people can donate. |
