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| NODE | a computer on a blockchain network that only verifies a limited number of transactions relevant to its dealings, making use of the simplified payment verification (spv) mode. |
| MINER | 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. |
| MULTI-SIGNATURE | 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. |
| SIDECHAIN | a private key is a string of data that allows you to access the tokens in a specific wallet. they act as passwords that are kept hidden from anyone but the owner of the address. |
| PROOF-OF-WORK | multi-signature addresses provide an added layer of security by requiring more than one key to authorize a transaction. |
| PUMP AND DUMP | a copy of the ledger operated by a participant of the blockchain network. a node is essentially a computer connected to cryptocurrency network. a node supports the network through validation and relaying of transactions while receiving a copy of the full blockchain itself. |
| LIGHT NODE | the mysterious creator of bitcoin. is a person or group of people who created the bitcoin protocol and reference software, bitcoin core (formerly known as bitcoin-qt). in 2008, nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. in 2009, they released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins. |
| DAPP | 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 |
| PRIVATE KEY | inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements. the publicity causes others to acquire the asset, forcing up its value. when the value is high enough, the perpetrator sells their assets, cashing in and flooding the market, which causes the value to crash. |
| SATOSHI NAKAMOTO | 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. |
| |  |
| NODE | a copy of the ledger operated by a participant of the blockchain network. a node is essentially a computer connected to cryptocurrency network. a node supports the network through validation and relaying of transactions while receiving a copy of the full blockchain itself. |
| 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. |
| MULTI-SIGNATURE | multi-signature addresses provide an added layer of security by requiring more than one key to authorize a transaction. |
| 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 |
| 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. |
| PUMP AND DUMP | inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements. the publicity causes others to acquire the asset, forcing up its value. when the value is high enough, the perpetrator sells their assets, cashing in and flooding the market, which causes the value to crash. |
| LIGHT NODE | a computer on a blockchain network that only verifies a limited number of transactions relevant to its dealings, making use of the simplified payment verification (spv) mode. |
| 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. |
| PRIVATE KEY | a private key is a string of data that allows you to access the tokens in a specific wallet. they act as passwords that are kept hidden from anyone but the owner of the address. |
| SATOSHI NAKAMOTO | the mysterious creator of bitcoin. is a person or group of people who created the bitcoin protocol and reference software, bitcoin core (formerly known as bitcoin-qt). in 2008, nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. in 2009, they released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins. |
