ASIC
Application Specific integrated circuits. Computing units designed for use on a single algorithm providing high performance and power efficiency
Crypto Glossary: 250+ Terms Explained
From Airdrops to Zero-Knowledge proofs, explore concise explanations and key insights for the terms that shape the digital asset economy.
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29 terms available
Topic Mining & Validation
A
1 definitionB
2 definitionsC
3 definitionsCandidate Block
A block that a miner is trying to mine when it's not yet verified or added to the blockchain.
Consensus algorithm
Ensures that all users taking part in the minting process maintain the same version the chain, whilst preventing any single…
CPU
Central processing unit. A generalised processor used as the main ‘brains’ for a computer.
D
2 definitionsF
1 definitionG
1 definitionH
3 definitionsHalving
Refers to the process where the payout for reward mechanism for blockchain miners is halved when particular conditions are met.
Hash Rate
Refers to the required total computational speed of mining hardware to calculate new hashes.
Hashing
The process of transforming data using a mathematical function into a value or key that is reprehensive of the original…
M
4 definitionsMasternode
Nodes that verify new blocks and carry-out special governing roles, unlike regular nodes that add new transaction blocks to the…
Merged Mining
Mining more than one cryptocurrency at the same time without sacrificing hash rate.
Mining
A process where algorithms use mathematical function to guess the hash of a block. This acts as collection, validation.
Mining Farm
Collection of multiple miners, or a large data center devoted to crypto mining.
N
1 definitionO
1 definitionP
4 definitionsProof of Authority
A centralised validation method that gives the right to validate to only to eligible parties that have been approved by…
Proof of Capacity
Also known as proof of space. This validation method is similar to PoW, but requires miners to pre-mine unique hashes,…
Proof of Stake
A power efficient transaction validation system in where users must ‘stake’ their coins in order to mint new blocks, minting…
Proof of Work
A transaction validation system that requires the use of a computationally intensive process within the network that acts as a…
S
4 definitionsScrypt
A power efficient hashing algorithm that is more RAM intensive than SHA-256, it saw its debut in the cryptocurrency market…
Selfish Mining
Refers to when a miner strategically withholds or releases new blocks to the blockchain to create a competitive advantage for…
Staking
A way of earning passive income from cryptocurrencies. When investors stake their coins, they don't sell them and can't trade…
Staking Pool
Staking pools are created by miners to increase their chance of successfully validating a new block.
W
1 definition#
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