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| CRYPTOGRAPHY | a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner can build a block and add it to the blockchain. as an incentive, he has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. |
| DAPP | is the practice and study of techniques for secure communication in the presence of third parties called adversaries. cryptocurrencies are built on cryptography. they are not secured by people or by trust, but by math. it is more probable that an asteroid falls on your house than that a bitcoin address is compromised. |
| HOT WALLET | a decentralised application (dapp) is an application that is open source, operates autonomously, has its data stored on a blockchain, incentivised in the form of cryptographic tokens and operates on a protocol that shows proof of value. |
| IPFS | the ethereum virtual machine (evm) is a turing complete virtual machine that allows anyone to execute arbitrary evm byte code. every ethereum node runs on the evm to maintain consensus across the blockchain. |
| HASH RATE | 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. |
| DIFFICULTY | this refers to how easily a data block of transaction information can be mined successfully. |
| SHA-256 | measurement of performance for the mining rig is expressed in hashes per second. |
| PUBLIC ADDRESS | a public address is the cryptographic hash of a public key. they act as email addresses that can be published anywhere, unlike private keys. |
| EVM | 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. |
| MINER | the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities. it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. |
| |  |
| CRYPTOGRAPHY | is the practice and study of techniques for secure communication in the presence of third parties called adversaries. cryptocurrencies are built on cryptography. they are not secured by people or by trust, but by math. it is more probable that an asteroid falls on your house than that a bitcoin address is compromised. |
| DAPP | a decentralised application (dapp) is an application that is open source, operates autonomously, has its data stored on a blockchain, incentivised in the form of cryptographic tokens and operates on a protocol that shows proof of value. |
| 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. |
| IPFS | the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities. it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. |
| HASH RATE | measurement of performance for the mining rig is expressed in hashes per second. |
| DIFFICULTY | this refers to how easily a data block of transaction information can be mined successfully. |
| 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. |
| PUBLIC ADDRESS | a public address is the cryptographic hash of a public key. they act as email addresses that can be published anywhere, unlike private keys. |
| EVM | the ethereum virtual machine (evm) is a turing complete virtual machine that allows anyone to execute arbitrary evm byte code. every ethereum node runs on the evm to maintain consensus across the blockchain. |
| MINER | a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner can build a block and add it to the blockchain. as an incentive, he has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. |
