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| ETHEREUM CLASSIC | a collection of mining clients which collectively mine a block, and then split the reward between them. mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. |
| POOL | 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. |
| ALTCOINS | 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. |
| MT GOX | the algorithm used to generate public and private keys. these keys are needed to support cryptocurrency transactions. both sender and receiver have this key, and can send secure information. |
| LEVERAGE | 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. |
| LITECOIN | a split from an existing cryptocurrency, ethereum after a hard fork. |
| HOT WALLET | is a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. sometimes referred to as the silver of bitcoin’s gold. |
| PUBLIC ADDRESS | is any money declared by a government to be to be valid for meeting a financial obligation, like usd, eur or cny |
| FIAT CURRENCY | a public address is the cryptographic hash of a public key. they act as email addresses that can be published anywhere, unlike private keys. |
| ASYMMETRIC KEY ALGORITHM | a name coined as the merger of the words bitcoin and alternative. these concern all coins that came after the initial release of the famous bitcoin, the first decentralized cryptocurrency |
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| ETHEREUM CLASSIC | a split from an existing cryptocurrency, ethereum after a hard fork. |
| POOL | a collection of mining clients which collectively mine a block, and then split the reward between them. mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. |
| ALTCOINS | a name coined as the merger of the words bitcoin and alternative. these concern all coins that came after the initial release of the famous bitcoin, the first decentralized cryptocurrency |
| 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. |
| 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. |
| 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. |
| PUBLIC ADDRESS | a public address is the cryptographic hash of a public key. they act as email addresses that can be published anywhere, unlike private keys. |
| FIAT CURRENCY | is any money declared by a government to be to be valid for meeting a financial obligation, like usd, eur or cny |
| ASYMMETRIC KEY ALGORITHM | the algorithm used to generate public and private keys. these keys are needed to support cryptocurrency transactions. both sender and receiver have this key, and can send secure information. |
