 |  |
| BITCOIN PROTOCOL | know your client/customer rules force financial institutions to vet the people they are doing business with, ensuring that they are legitimate. |
| GENESIS BLOCK | the open source, cryptographic protocol which operates on the bitcoin network, setting the “rules” for how the network runs. |
| MARKET ORDER | 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. |
| ALTCOINS | a name coined as the merger of the words bitcoin and alternative. these concern all coins that came after the initial release of the famous bitcoin, the first decentralized cryptocurrency |
| HALVING | the first or first few blocks of a blockchain. |
| HARDWARE WALLET | an altcoin first started as a joke in late 2013. dogecoin, which features a japanese fighting dog as its mascot, gained a broad international following and quickly grew to have a multi-million dollar market capitalization. |
| LIQUIDITY | an exchange in which traders make deals with each other directly, rather than relying on a central exchange to mediate between them |
| OTC EXCHANGE | a bitcoin wallet which stores a user’s bitcoins offline on hardware devices. |
| KYC | bitcoins have a finite supply, which makes them a scarce digital commodity. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years. this is called “halving.” the final halving will take place in the year 2140. |
| DOGECOIN | an instruction given to an exchange, asking it to buy or sell an asset at the going market rate. in a bitcoin exchange, you would place a market order if you simply wanted to buy or sell bitcoins immediately, rather than holding them until a set market condition is triggered to try and make a profit. |
| |  |
| BITCOIN PROTOCOL | the open source, cryptographic protocol which operates on the bitcoin network, setting the “rules” for how the network runs. |
| GENESIS BLOCK | the first or first few blocks of a blockchain. |
| MARKET ORDER | an instruction given to an exchange, asking it to buy or sell an asset at the going market rate. in a bitcoin exchange, you would place a market order if you simply wanted to buy or sell bitcoins immediately, rather than holding them until a set market condition is triggered to try and make a profit. |
| ALTCOINS | a name coined as the merger of the words bitcoin and alternative. these concern all coins that came after the initial release of the famous bitcoin, the first decentralized cryptocurrency |
| HALVING | bitcoins have a finite supply, which makes them a scarce digital commodity. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years. this is called “halving.” the final halving will take place in the year 2140. |
| HARDWARE WALLET | a bitcoin wallet which stores a user’s bitcoins offline on hardware devices. |
| 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. |
| OTC EXCHANGE | an exchange in which traders make deals with each other directly, rather than relying on a central exchange to mediate between them |
| KYC | know your client/customer rules force financial institutions to vet the people they are doing business with, ensuring that they are legitimate. |
| DOGECOIN | an altcoin first started as a joke in late 2013. dogecoin, which features a japanese fighting dog as its mascot, gained a broad international following and quickly grew to have a multi-million dollar market capitalization. |
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.
