Cryptocurrency Terms and Definitions
What is a public key (public key) in cryptocurrencies?
A public key is the open part of a cryptographic key pair that can be freely shared. A receiving address for cryptocurrency is formed on its basis.
What is a mining pool?
A mining pool is an association of miners who jointly search for a new block and split the reward in proportion to the power they contribute. This increases the chances of a stable income.
What is a dust transaction?
A dust transaction is a transfer of an extremely small amount of cryptocurrency, almost devoid of financial value. Such tiny amounts clutter the blockchain and can be used for deanonymization.
Who is a paid poster?
A paid poster is a user who, for payment, publishes laudatory messages about a project or negative ones about competitors. Such reviews create an artificial backdrop and mislead.
What is data partitioning (sharding, Sharding) in a blockchain?
Data partitioning, or sharding, is a way of scaling a blockchain in which the network is divided into segments (shards), and nodes store and process only part of the data, increasing overall throughput.
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