LEVERAGE - MIXING SERVICE - ETHER - HARD FORK - DESKTOP WALLET - ORACLES - EXCHANGE RATE - MINING POOL - ETHEREUM - DAPP -

in #money7 years ago (edited)


LEVERAGE ethereum is a blockchain-based decentralised platform for apps that run smart contracts, and is aimed at solving issues associated with censorship, fraud and third party interference.
MIXING SERVICE 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.
ETHER a type of fork that renders previously invalid transactions valid, and vice versa. this type of fork requires all nodes and users to upgrade to the latest version of the protocol software.
HARD FORK a wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DESKTOP WALLET a group of miners who have decided to combine their computing power for mining. this allows rewards to be distributed more consistently between participants in the pool.
ORACLES normally, money issued by the government, such as the dollar, will have a fluid exchange rate based on the country it is spent in. cryptocurrency does not have this issue as it is digital. however, the exchange rate is based on two things; how it compares to a traditional currency, or how it stacks up against another type of cryptocurrency.
EXCHANGE RATE in foreign or crypto currency trading, leverage multiplies the real funds in your account by a given factor, enabling you to make trades that result in significant profit. by giving leverage to a trader, the trading exchange is effectively lending them money, in the hope that it will earn back more than it loaned in commission. leverage is also known as a margin requirement.
MINING POOL oracles work as a bridge between the real world and the blockchain by providing data to the smart contracts.
ETHEREUM a service that mixes your bitcoins with someone else’s, sending you back bitcoins with different inputs and outputs from the ones that you sent to it. a mixing service (also known as a tumbler) preserves your privacy because it stops people tracing a particular bitcoin to you. it also has the potential to be used for money laundering.
DAPP is the native token of the ethereum blockchain which is used to pay for transaction fees, miner rewards and other services on the network.


LEVERAGE in foreign or crypto currency trading, leverage multiplies the real funds in your account by a given factor, enabling you to make trades that result in significant profit. by giving leverage to a trader, the trading exchange is effectively lending them money, in the hope that it will earn back more than it loaned in commission. leverage is also known as a margin requirement.
MIXING SERVICE a service that mixes your bitcoins with someone else’s, sending you back bitcoins with different inputs and outputs from the ones that you sent to it. a mixing service (also known as a tumbler) preserves your privacy because it stops people tracing a particular bitcoin to you. it also has the potential to be used for money laundering.
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.
HARD FORK a type of fork that renders previously invalid transactions valid, and vice versa. this type of fork requires all nodes and users to upgrade to the latest version of the protocol software.
DESKTOP WALLET a wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
ORACLES oracles work as a bridge between the real world and the blockchain by providing data to the smart contracts.
EXCHANGE RATE normally, money issued by the government, such as the dollar, will have a fluid exchange rate based on the country it is spent in. cryptocurrency does not have this issue as it is digital. however, the exchange rate is based on two things; how it compares to a traditional currency, or how it stacks up against another type of cryptocurrency.
MINING POOL a group of miners who have decided to combine their computing power for mining. this allows rewards to be distributed more consistently between participants in the pool.
ETHEREUM ethereum is a blockchain-based decentralised platform for apps that run smart contracts, and is aimed at solving issues associated with censorship, fraud and third party interference.
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.

Source: https://blockgeeks.com/guides/blockchain-glossary-from-a-z/


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