Underlying (asset)
The “replacement” transaction uses the same inputs as the original one. This is not considered a double spend, as the receiving address typically remain the same.
Block Depth
- A cryptocurrency exchange is an online platform that allows individuals to exchange one digital asset for another, or for a specified fiat currency.
- Payment made to the volunteers who process transactions on a blockchain .
- It is like a traditional currency exchange at a bank or airport.
- A cryptocurrency broker pairs buyers and sellers of cryptocurrencies, providing a highly flexible and convenient platform for trading digital assets that’s generally faster than a cryptocurrency exchange.
- These are also known as cold wallets, as they allow cryptocurrency investors to protect their assets offline away from the prying eyes of cyber-criminals.
- Transaction fees can vary by cryptocurrency and also by the desired transaction speed.
All currency issued in the US used to be backed by a proportional amount of silver or gold; if you hear the terms “gold standard” or “silver standard,” that is what they used to mean. However, due to economic factors, by 1973 the US dropped both the gold and silver standards, making the dollar a full fiat currency. is considered a “reversal” pattern, transitioning from a bull to a bear market. is considered a “reversal” pattern, transitioning from a bear to a bull market. Webmasters and server owners can avoid DDoS attacks with powerful security measures such as firewalls, but the main issue remains in the hands of individual computer owners. Since the “zombie” trojans and viruses tend to work invisibly in the background, the members of a zombie computer network never know they’re part of it.
Keystore File
Ascending triangle patterns indicate an upcoming “bull,” or upward-trending, market. This is formed when the lower line of the triangle is a horizontal line, and the upper line tilts downward from left to right. The descending triangle represents a downward-trending, or “bear,” market. form on market value charts when investors buy and sell to cryptocurrency glossary test a current trend. The highs and lows of these fluctuations can be bracketed by straight lines that define the highs and lows during that testing period; these lines form an open-ended triangular shape. These Slices can consist of conversations, notes, rumors, tips, links and videos for fellow community members to follow, rate and view.
Hd Wallet Seed
Because of these characteristics, the head and shoulders pattern is listed among those of the “reversal” type. The head and shoulders pattern forms on a market value chart when two smaller fluctuations in value bracket a larger one in the middle. These appear at the beginning of a strong upward or downward trend, and represent very high-volume trading. Since they don’t signify the current trend is going to reverse, the flag pattern is considered one of the “continuation” pattern types. The buying and selling that takes place during this testing period—which generally last one to three weeks—forms fluctuations that can be bracketed by parallel diagonal lines, forming the “flag” shape. In contrast, a lot of people don’t realize the United States dollar wasn’t always a fiat currency.
Bull Market
A cryptographic algorithm used by Ethereum to ensure that funds can only be spent by their owners. A network-wide setting that controls how cryptocurrency glossary much computation is required to produce a proof-of-work. A company or other organization that operates without hierarchical management.
Bonding Curve A bonding curve is a mathematical curve that defines the relationship between the price and the supply of a given asset. BitLicense A business license issued to cryptocurrency companies in New York, created and provided by the New York State Department of Financial Services . Attestation Ledger An attestation ledger is an account book designed to provide evidence of individual transactions. It is generally used to “attest” that a financial transaction took place, or to prove authenticity of cryptocurrency glossary transactions or products. Anti-Money Laundering A set of international laws enacted to curtail criminal organizations or individuals laundering money through cryptocurrencies into real-world cash. Anarcho-capitalism A political philosophy and school of thought that believes in removing centralized states in favor of self-ownership, private property and free markets. Many of the early adopters of Bitcoin were proponents of anarcho-capitalism, believing it would give power and control back to the masses.
A special type of contract that has no payable functions, no fallback function, and no data storage. A library serves as previously deployed code that other contracts can call for read-only computation. An open source on-disk key-value store, implemented as a lightweight, single-purpose library, with bindings to many platforms. An area of development focussed on layering improvements on top of the Ethereum protocol.
Address A place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. The largest stable coin in the market with a market cap of around $2 billion. Cold wallets are not convenient to use but they are much more secure because the hacker would need physical access to try compromising the wallet. Satoshi – Not only is Satoshi considered to be the ‘creator’ of Bitcoin, ‘Satoshi’ is also the term used for the smallest possible denomination of Bitcoin (0. BTC). Instead of reading out each individual decimal point it has become easier to describe the price in Satoshi, or ‘sats’.
May also refer to deflationary monetary policy, such as Bitcoin, where there is a fixed supply of coins. Decryption The process of transforming data that has been rendered unreadable through encryption back to its unencrypted form. It introduces a form of governance in the ICO process, allowing backers to vote for the return of their funds if certain conditions are met. Decentralized Applications A type of application that runs on a decentralized network, avoiding a single point of failure. DeFi DeFi is the creation of an ecosystem of financial tools built on blockchain.
Crypto-jacking The use of another party’s computer to mine cryptocurrency without their consent. Central Ledger A central ledger is a physical book or a computer file used to record transactions in a centralized manner. Candlesticks A candlestick chart is a graphing technique used to show changes in price over time. Each candle provides 4 points of information opening price, closing price, high, and low. Burned Cryptocurrency tokens cryptocurrency glossary or coins are considered “burned” when they have been purposely and permanently removed from circulation. Bull A person that is optimistic and confident that market prices will increase, this person is also known to be “bullish” about the market or price. Bubble A bubble describes a situation where market participants drive prices up above their value, which is usually followed by a steep, rapid drop in prices as the market corrects.
Short for “test network,” a network used to simulate the behavior of the main Ethereum network . A layer 2 solution where a channel is set up between participants, where they can transact freely and cheaply. Only a transaction to set up the channel and close the channel is sent to mainnet. This allows for very high cryptocurrency glossary transaction throughput, but does rely on knowing number of participants up front and locking up of funds. A secret number that allows Ethereum users to prove ownership of an account or contracts, by producing a digital signature . An internal transaction that is never serialized and only sent within the EVM.
These improvements are related to transaction speeds, cheaper transaction fees, and transaction privacy. A transaction sent from a contract account to another contract account or an EOA . A hard fork of Ethereum cryptocurrency glossary at block 200,000 to introduce an exponential difficulty increase , motivating a transition to proof-of-stake. The second development stage of Ethereum, launched in March 2016 at block 1,150,000.
In order to avoid such an infestation, computer owners should download a current security program that searches their systems for malware and spyware. Generally speaking, in the financial sense deflation refers to a decline in prices of consumer goods. On the surface, this may seem like a good thing; after all, you’re paying less for your groceries, clothing and so forth. However, a sustained period of deflation can have negative effects on an economic system overall, because it represents reduced spending power in the population at large. Longer periods of deflation can lead to recessionary periods, and—in severe cases—depression. Governments and banks will often take steps to induce temporary inflation, or the rising of prices, to curb the effects of long-term deflation. As history has shown, these actions have had varied degrees of success.