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| LIGHTNING NETWORK | 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. |
| PRIVATE KEY | is the native token of the ethereum blockchain which is used to pay for transaction fees, miner rewards and other services on the network. |
| BLOCK TIMESTAMP | a specific computer chip which has been created for the sole purpose of, for example, mine data blocks. |
| APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) | is a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. this protocol tries to solve the bitcoin scalability problem. |
| PROOF OF STAKE | a consensus distribution algorithm that rewards earnings based on the number of coins you own or hold. the more you invest in the coin, the more you gain by mining with this protocol. |
| NODE | each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain. |
| ETHER | 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. |
| HASH RATE | 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. |
| EXCHANGE RATE | know your client/customer rules force financial institutions to vet the people they are doing business with, ensuring that they are legitimate. |
| KYC | measurement of performance for the mining rig is expressed in hashes per second. |
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| LIGHTNING NETWORK | is a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. this protocol tries to solve the bitcoin scalability problem. |
| 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. |
| BLOCK TIMESTAMP | each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain. |
| APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) | a specific computer chip which has been created for the sole purpose of, for example, mine data blocks. |
| PROOF OF STAKE | a consensus distribution algorithm that rewards earnings based on the number of coins you own or hold. the more you invest in the coin, the more you gain by mining with this protocol. |
| 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. |
| 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. |
| HASH RATE | measurement of performance for the mining rig is expressed in hashes per second. |
| 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. |
| KYC | know your client/customer rules force financial institutions to vet the people they are doing business with, ensuring that they are legitimate. |
