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| LEVERAGE | 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. |
| LITECOIN | 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. |
| BLOCK REWARD | a file that houses private keys. it usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for. |
| WALLET | 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. |
| MT GOX | 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. |
| EXCHANGE RATE | is a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. sometimes referred to as the silver of bitcoin’s gold. |
| CRYPTOGRAPHIC HASH FUNCTION | cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input. the sha-256 computational algorithm is an example of a cryptographic hash. |
| WIRE TRANSFER | 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. |
| CROWDSOURCING | electronically transferring money from one person to another. commonly used to send and retrieve fiat currency from bitcoin exchanges |
| 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. |
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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. |
| 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. |
| 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. |
| WALLET | a file that houses private keys. it usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for. |
| 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. |
| 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. |
| CRYPTOGRAPHIC HASH FUNCTION | cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input. the sha-256 computational algorithm is an example of a cryptographic hash. |
| WIRE TRANSFER | electronically transferring money from one person to another. commonly used to send and retrieve fiat currency from bitcoin exchanges |
| 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. |
| 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. |
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