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| HASH RATE | 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 | the act of performing a hash function on the output data. this is used for confirming coin transactions. this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. |
| HARD FORK | turing complete refers to the ability of a machine to perform calculations that any other programmable computer is capable of. an example of this is the ethereum virtual machine (evm). |
| OTC EXCHANGE | is a payment network built on distributed ledgers that can be used to transfer any currency. the network consists of payment nodes and gateways operated by authorities. payments are made using a series of ious, and the network is based on trust relationships. |
| RIPPLE | 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. |
| GENESIS BLOCK | is a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. sometimes referred to as the silver of bitcoin’s gold. |
| TURING COMPLETE | measurement of performance for the mining rig is expressed in hashes per second. |
| DAO | the first or first few blocks of a blockchain. |
| PRIVATE KEY | decentralised autonomous organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. also known as “dacs” |
| LITECOIN | an exchange in which traders make deals with each other directly, rather than relying on a central exchange to mediate between them |
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| HASH RATE | measurement of performance for the mining rig is expressed in hashes per second. |
| HASH | the act of performing a hash function on the output data. this is used for confirming coin transactions. this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. |
| 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. |
| OTC EXCHANGE | an exchange in which traders make deals with each other directly, rather than relying on a central exchange to mediate between them |
| RIPPLE | is a payment network built on distributed ledgers that can be used to transfer any currency. the network consists of payment nodes and gateways operated by authorities. payments are made using a series of ious, and the network is based on trust relationships. |
| GENESIS BLOCK | the first or first few blocks of a blockchain. |
| TURING COMPLETE | turing complete refers to the ability of a machine to perform calculations that any other programmable computer is capable of. an example of this is the ethereum virtual machine (evm). |
| DAO | decentralised autonomous organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. also known as “dacs” |
| 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. |
| LITECOIN | is a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. sometimes referred to as the silver of bitcoin’s gold. |
