 |  |
| OTC EXCHANGE | also known as tokens, cryptocurrencies are representations of digital assets. |
| BLOCK TIMESTAMP | 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. |
| DAO | a bitcoin wallet which stores a user’s bitcoins offline on hardware devices. |
| DISTRIBUTED NETWORK | a type of network where processing power and data are spread over the nodes rather than having a centralised data centre. |
| CENTRAL LEDGER | know your client/customer rules force financial institutions to vet the people they are doing business with, ensuring that they are legitimate. |
| KYC | an exchange in which traders make deals with each other directly, rather than relying on a central exchange to mediate between them |
| HARDWARE WALLET | each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain. |
| WALLET | decentralised autonomous organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. also known as “dacs” |
| CRYPTOCURRENCY | 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. |
| PUBLIC/PRIVATE KEY | a ledger maintained by a central agency. |
| |  |
| OTC EXCHANGE | an exchange in which traders make deals with each other directly, rather than relying on a central exchange to mediate between them |
| BLOCK TIMESTAMP | each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain. |
| DAO | decentralised autonomous organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. also known as “dacs” |
| DISTRIBUTED NETWORK | a type of network where processing power and data are spread over the nodes rather than having a centralised data centre. |
| CENTRAL LEDGER | a ledger maintained by a central agency. |
| KYC | know your client/customer rules force financial institutions to vet the people they are doing business with, ensuring that they are legitimate. |
| HARDWARE WALLET | a bitcoin wallet which stores a user’s bitcoins offline on hardware devices. |
| 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. |
| CRYPTOCURRENCY | also known as tokens, cryptocurrencies are representations of digital assets. |
| 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. |
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