 |  |
| MASF | 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. |
| LIQUIDITY | any computer network where two or more computers are connected and share resources without going through a separate server. these networks can become massive, allowing for things like file-sharing or cryptocurrency. |
| DIGITAL SIGNATURE | miner activated soft fork - it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade. this allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. |
| PEER-TO-PEER NETWORK (P2P) | is the native token of the ethereum blockchain which is used to pay for transaction fees, miner rewards and other services on the network. |
| HOT WALLET | an instruction given to an exchange, asking it to buy or sell an asset at the going market rate. in a bitcoin exchange, you would place a market order if you simply wanted to buy or sell bitcoins immediately, rather than holding them until a set market condition is triggered to try and make a profit. |
| MINER | a bitcoin wallet that has an active connection to the internet. these are used for “everyday” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. |
| MULTI-SIGNATURE | measurement of performance for the mining rig is expressed in hashes per second. |
| ETHER | multi-signature addresses provide an added layer of security by requiring more than one key to authorize a transaction. |
| MARKET ORDER | a digital code generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity. |
| HASH RATE | the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades. a suitably large community of buyers and sellers is important for liquidity. the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. |
| |  |
| MASF | miner activated soft fork - it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade. this allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. |
| LIQUIDITY | the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades. a suitably large community of buyers and sellers is important for liquidity. the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. |
| DIGITAL SIGNATURE | a digital code generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity. |
| PEER-TO-PEER NETWORK (P2P) | any computer network where two or more computers are connected and share resources without going through a separate server. these networks can become massive, allowing for things like file-sharing or cryptocurrency. |
| HOT WALLET | a bitcoin wallet that has an active connection to the internet. these are used for “everyday” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. |
| 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. |
| MULTI-SIGNATURE | multi-signature addresses provide an added layer of security by requiring more than one key to authorize a transaction. |
| ETHER | is the native token of the ethereum blockchain which is used to pay for transaction fees, miner rewards and other services on the network. |
| MARKET ORDER | an instruction given to an exchange, asking it to buy or sell an asset at the going market rate. in a bitcoin exchange, you would place a market order if you simply wanted to buy or sell bitcoins immediately, rather than holding them until a set market condition is triggered to try and make a profit. |
| HASH RATE | measurement of performance for the mining rig is expressed in hashes per second. |
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#bitcoin
really as you say, I should learn first