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| BLOCK REWARD | distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. a distributed ledger does not have to have its own currency and may be permissioned and private. |
| MINING | 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. |
| DISTRIBUTED LEDGER | is any money declared by a government to be to be valid for meeting a financial obligation, like usd, eur or cny |
| SMART CONTRACTS | a form of incentive for the miner who successfully calculated the hash in a block during mining. verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those. |
| SEGWIT2X | a wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins. |
| DESKTOP WALLET | also knows as the 'the new york agreement' is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. |
| MARKET ORDER | smart contracts encode business rules in a programmable language onto the blockchain and are enforced by the participants of the network. |
| ETHEREUM | a digital code generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity. |
| FIAT CURRENCY | mining is the act of validating blockchain transactions. the necessity of validation warrants an incentive for the miners, usually in the form of coins. in this cryptocurrency boom, mining can be a lucrative business when done properly. by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. |
| DIGITAL SIGNATURE | 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. |
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| BLOCK REWARD | a form of incentive for the miner who successfully calculated the hash in a block during mining. verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those. |
| MINING | mining is the act of validating blockchain transactions. the necessity of validation warrants an incentive for the miners, usually in the form of coins. in this cryptocurrency boom, mining can be a lucrative business when done properly. by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. |
| DISTRIBUTED LEDGER | distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. a distributed ledger does not have to have its own currency and may be permissioned and private. |
| SMART CONTRACTS | smart contracts encode business rules in a programmable language onto the blockchain and are enforced by the participants of the network. |
| SEGWIT2X | also knows as the 'the new york agreement' is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. |
| DESKTOP WALLET | a wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins. |
| 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. |
| 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. |
| FIAT CURRENCY | is any money declared by a government to be to be valid for meeting a financial obligation, like usd, eur or cny |
| DIGITAL SIGNATURE | a digital code generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity. |
