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| SEGWIT (SEGREGATED WITNESS) | the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin. |
| CONSORTIUM BLOCKCHAIN | 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). |
| MT GOX | 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. |
| LEVERAGE | the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies. bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. |
| DOUBLE SPENDING | a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. |
| MINING ALGORITHM | 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. |
| TURING COMPLETE | a blockchain where the consensus process is controlled by a pre-selected set of nodes; for example, a consortium of 15 financial institutions. |
| MINING | one of the first bitcoin exchanges, and at one time the most popular. mt. gox has since gone into administration. based in japan, the exchange was started by jed mccaleb in 2010. |
| SATOSHI | a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner can build a block and add it to the blockchain. as an incentive, he has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. |
| MINER | an optimization proposed by bitcoin core developer pieter wuille at the end of 2015, segwit increases the volume of transactions that fit into each block without raising the block size parameter. specifically, it also removes transaction malleability, an issue that once resolved could lead to a number of network improvements. |
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| SEGWIT (SEGREGATED WITNESS) | an optimization proposed by bitcoin core developer pieter wuille at the end of 2015, segwit increases the volume of transactions that fit into each block without raising the block size parameter. specifically, it also removes transaction malleability, an issue that once resolved could lead to a number of network improvements. |
| 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. |
| MT GOX | one of the first bitcoin exchanges, and at one time the most popular. mt. gox has since gone into administration. based in japan, the exchange was started by jed mccaleb in 2010. |
| 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. |
| DOUBLE SPENDING | a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. |
| MINING ALGORITHM | the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies. bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. |
| 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). |
| 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. |
| SATOSHI | the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin. |
| MINER | a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner can build a block and add it to the blockchain. as an incentive, he has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. |
