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Glossary

Block Reward

This is the reward allotted for hashing or solving the mathematical equation related to a block. 

 

Source: https://medium.com/the-mission/21-terms-to-understand-cryptocurrency-8bee30aa8dfc...

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Distributed Ledger

This is an agreement of shared, replicable and synchronized data spread across multiple networks, across many CPU's.

 

Source: https://medium.com/the-mission/21-terms-to-understand-cryptocurrency-8bee30aa8dfc...

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Central Ledger

This is a collection of data that is synchronized and replicable and is controlled by a singular network or individual.

 

Source: ...

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Halving

Halving is the reduction of a minable reward every so many blocks.

 

 Source: https://medium.com/the-mission/21-terms-to-understand-cryptocurrency-8bee30aa8dfc...

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Multisignature

Multisig

 

This refers to having more than one signature to approve a transaction. This form of security is beneficial for a company...

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Signature

It is a mathematical operation that lets someone prove their sole ownership over their wallet, coin, data or so on.

These are only...

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Smart Contract

A two way smart contract is an unalterable agreement stored on the blockchain that has specific logo operations akin to a real world...

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Satoshi

(SATS)

The smallest amount of bitcoin (0.00000001) which was named after the founder and creator of Bitcoin.

 

Source: https://decryptionary.com/25-common-cryptocurrency-words-you-should-know/...

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Currency

A system and its units for exchanging value.

 

Source: https://decryptionary.com/25-common-cryptocurrency-words-you-should-know/

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Soft Fork

A change made to cryptocurrency technology creating a temporary split in the group of recordings. This change creates all new, valid...

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