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Glossary of Terms / Cryptocurrency Terms and Definitions

What is premining (premine) in cryptocurrencies?

Premining (premine) is the mining of part of the coins by a cryptocurrency's creators before its public launch. It can be used transparently to fund the project or serve as a tool for abuse and manipulation.

27.07.2019351Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is a private key (private key) in cryptocurrencies?

A private key (private key) is a secret string that gives control over a cryptocurrency wallet and allows transactions to be signed. Its loss or disclosure means the loss of access to funds.

27.07.2019262Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is a limit (pending) order in cryptocurrencies?

A limit order is a pending order to buy or sell an asset at a predetermined price. It is executed only when the specified rate is reached, giving the trader control over the price.

27.07.2019228Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is Bitcoin's public ledger (Public Ledger)?

Bitcoin's public ledger is a publicly accessible record of all the network's transactions since its launch. Any participant can verify operations, which ensures the transparency of the blockchain.

27.07.2019226Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is a pump (Pump) in cryptocurrencies?

A pump is the artificial inflation of a cryptocurrency's price through mass coordinated buying. The goal is to sharply raise the price so that the organizers can sell the asset for more.

27.07.2019273Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is a block reward (Block reward) in cryptocurrencies?

A block reward is the reward a miner receives for successfully creating a new block in the blockchain. It consists of an issuance part and transaction fees and decreases periodically.

27.07.2019259Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is Namecoin in cryptocurrencies?

Namecoin is one of the first altcoins, created on the basis of Bitcoin's technology. Its purpose is the decentralized registration of names and domains, primarily in the censorship-resistant .bit zone.

27.07.2019245Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is a node (Node) in cryptocurrencies?

A node is a computer with an installed client connected to a cryptocurrency network. Nodes exchange data, relay transactions and blocks and jointly maintain the operation of the decentralized network.

27.07.2019314Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is a nonce (Nonce) in cryptocurrencies?

A nonce is a variable number that miners substitute when hashing a block. By going through nonce values, they search for a hash that satisfies the target set by the network's difficulty.

27.07.2019280Read

Glossary of Terms / Cryptocurrency Terms and Definitions

Who is a beginner (noob, newbie) in cryptocurrencies?

A beginner (noob, newbie) is a person who has just started to learn about cryptocurrencies or has recently appeared in a themed community. The term describes a level of experience, not a judgment of the person.

27.07.2019308Read