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Glossary of Terms / Cryptocurrency Terms and Definitions

What is Simplified Payment Verification (SPV) in cryptocurrencies?

Simplified Payment Verification (SPV) is a method of verifying transactions on a blockchain without downloading the entire chain of blocks. Block headers are enough, which makes the technology the foundation of lightweight crypto wallets.

27.07.2019667Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is a rig in cryptocurrency mining?

A mining rig is a computing device for mining cryptocurrency, most often built on the basis of a computer with several graphics cards. The chance of receiving a block reward depends on its power.

27.07.2019638Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is fintech in finance and cryptocurrencies?

Fintech is an industry that brings together companies that use technology and innovation to transform financial services. It includes payment services, neobanks, and also blockchain-based solutions.

27.07.2019624Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is the flippening in cryptocurrencies?

The flippening is a hypothetical moment when Ethereum overtakes bitcoin in market capitalization and becomes the number one cryptocurrency. The reverse scenario is jokingly called the floppening.

27.07.2019865Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is flat (sideways trend) in cryptocurrency trading?

Flat, or a sideways trend, is a market state in which the price moves within a narrow horizontal range without a pronounced trend. It is a period of calm between upward and downward movements.

27.07.2019592Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is a fork in a blockchain?

A fork in a blockchain is a change to the rules by which a block is recognized as valid. There are soft forks and hard forks, which affect the unity of the network in different ways.

27.07.2019547Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is a cryptocurrency fork?

A cryptocurrency fork is a new coin created on the basis of existing code or an algorithm with certain changes made to it. This is how altcoins based on Bitcoin and Litecoin came about.

27.07.2019619Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is FPGA in cryptocurrencies?

FPGA is a field-programmable gate array, a semiconductor chip that can be configured for specific tasks after it has been manufactured. In mining, it occupies an intermediate position between graphics cards and ASICs.

27.07.2019668Read

Glossary of Terms / Cryptocurrency Terms and Definitions

What is Freicoin in cryptocurrencies?

Freicoin is a cryptocurrency built around the economic idea of money with a storage fee. It is based on the concept of "free money" by economist Silvio Gesell.

27.07.2019616Read

Glossary of Terms / Cryptocurrency Terms and Definitions

Who is a FUDster in cryptocurrencies?

A FUDster is a person who deliberately spreads fear, uncertainty, and doubt around a crypto project. The goal of such actions is to influence the sentiment of market participants.

27.07.2019603Read