OTC EXCHANGE - ASIC - MINING ALGORITHM - BTC -

rssniper (49)in #steem • 6 years ago


OTC EXCHANGE	often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’. ^{Source + Source}
ASIC	a single unit of the bitcoin currency. an acronym for bitcoin. ^{Source + Source}
MINING ALGORITHM	bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies. ^{Source + Source}
BTC	rather than relying on a central exchange to mediate between them; an exchange in which traders make deals with each other directly. ^{Source + Source}


OTC EXCHANGE	rather than relying on a central exchange to mediate between them; an exchange in which traders make deals with each other directly. ^{Source + Source}
ASIC	often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’. ^{Source + Source}
MINING ALGORITHM	bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies. ^{Source + Source}
BTC	a single unit of the bitcoin currency. an acronym for bitcoin. ^{Source + Source}

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