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| LEVERAGE | measurement of performance for the mining rig is expressed in hashes per second. |
| ETHEREUM CLASSIC | 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. |
| CROWDSOURCING | the pooling of resources such as information or money contributed by the general population, to a goal. this is usually done online via websites where people can donate. |
| MEDIUM OF EXCHANGE | short form for ‘application specific integrated circuit’. often compared to gpus, asics are specially made for mining and may offer significant power savings. |
| ASIC | a very dangerous threat for cryptocurrency users. often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. this can cause a sustained downtime on said network or even make them crash completely. |
| HASH RATE | in foreign or crypto currency trading, leverage multiplies the real funds in your account by a given factor, enabling you to make trades that result in significant profit. by giving leverage to a trader, the trading exchange is effectively lending them money, in the hope that it will earn back more than it loaned in commission. leverage is also known as a margin requirement. |
| TRANSACTION FEE | is an intermediary used in trade to avoid the inconveniences of a pure barter system. fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. |
| ETHEREUM | all cryptocurrency transactions involve a small transaction fee. these transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. |
| DISTRIBUTED DENIAL OF SERVICE (DDOS) | a blockchain where the consensus process is controlled by a pre-selected set of nodes; for example, a consortium of 15 financial institutions. |
| CONSORTIUM BLOCKCHAIN | a split from an existing cryptocurrency, ethereum after a hard fork. |
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| LEVERAGE | in foreign or crypto currency trading, leverage multiplies the real funds in your account by a given factor, enabling you to make trades that result in significant profit. by giving leverage to a trader, the trading exchange is effectively lending them money, in the hope that it will earn back more than it loaned in commission. leverage is also known as a margin requirement. |
| ETHEREUM CLASSIC | a split from an existing cryptocurrency, ethereum after a hard fork. |
| CROWDSOURCING | the pooling of resources such as information or money contributed by the general population, to a goal. this is usually done online via websites where people can donate. |
| MEDIUM OF EXCHANGE | is an intermediary used in trade to avoid the inconveniences of a pure barter system. fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. |
| ASIC | short form for ‘application specific integrated circuit’. often compared to gpus, asics are specially made for mining and may offer significant power savings. |
| HASH RATE | measurement of performance for the mining rig is expressed in hashes per second. |
| TRANSACTION FEE | all cryptocurrency transactions involve a small transaction fee. these transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. |
| 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. |
| DISTRIBUTED DENIAL OF SERVICE (DDOS) | a very dangerous threat for cryptocurrency users. often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. this can cause a sustained downtime on said network or even make them crash completely. |
| CONSORTIUM BLOCKCHAIN | a blockchain where the consensus process is controlled by a pre-selected set of nodes; for example, a consortium of 15 financial institutions. |
