BLOCK EXPLORER - PUBLIC/PRIVATE KEY - ASIC - DOGECOIN - BITCOIN CASH (BCH) - PUMP AND DUMP - BLOCK TIMESTAMP - INITIAL COIN OFFERING (ICO) - DOUBLE SPENDING - HARDWARE WALLET -

in #steem7 years ago


BLOCK EXPLORER 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.
PUBLIC/PRIVATE KEY happens when someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like bitcoin or ethereum.
ASIC inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements. the publicity causes others to acquire the asset, forcing up its value. when the value is high enough, the perpetrator sells their assets, cashing in and flooding the market, which causes the value to crash.
DOGECOIN a bitcoin wallet which stores a user’s bitcoins offline on hardware devices.
BITCOIN CASH (BCH) a hard fork of bitcoin led by bitcoin mining pool viabtc that supports ‘big blocks’ of up to 8mb and removes segwit. it’s launch date was 1 st august 2017 to coincide with the bip148 segwit signaling activation.
PUMP AND DUMP in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message. another party can then receive the message and using a key that is only known to that individual or group, decode the message.
BLOCK TIMESTAMP block explorer is an online tool to view all transactions, past and current, on the blockchain. they provide useful information such as network hash rate and transaction growth.
INITIAL COIN OFFERING (ICO) an altcoin first started as a joke in late 2013. dogecoin, which features a japanese fighting dog as its mascot, gained a broad international following and quickly grew to have a multi-million dollar market capitalization.
DOUBLE SPENDING each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain.
HARDWARE WALLET short form for ‘application specific integrated circuit’. often compared to gpus, asics are specially made for mining and may offer significant power savings.


BLOCK EXPLORER block explorer is an online tool to view all transactions, past and current, on the blockchain. they provide useful information such as network hash rate and transaction growth.
PUBLIC/PRIVATE KEY in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message. another party can then receive the message and using a key that is only known to that individual or group, decode the message.
ASIC short form for ‘application specific integrated circuit’. often compared to gpus, asics are specially made for mining and may offer significant power savings.
DOGECOIN an altcoin first started as a joke in late 2013. dogecoin, which features a japanese fighting dog as its mascot, gained a broad international following and quickly grew to have a multi-million dollar market capitalization.
BITCOIN CASH (BCH) a hard fork of bitcoin led by bitcoin mining pool viabtc that supports ‘big blocks’ of up to 8mb and removes segwit. it’s launch date was 1 st august 2017 to coincide with the bip148 segwit signaling activation.
PUMP AND DUMP inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements. the publicity causes others to acquire the asset, forcing up its value. when the value is high enough, the perpetrator sells their assets, cashing in and flooding the market, which causes the value to crash.
BLOCK TIMESTAMP each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain.
INITIAL COIN OFFERING (ICO) happens when someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like bitcoin or ethereum.
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.
HARDWARE WALLET a bitcoin wallet which stores a user’s bitcoins offline on hardware devices.

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