Here are some of the terms you are going to hear about as you explore the world of cryptocurrencies, Click on the links to learn more!
This refers to the process of creating new coins within a particular altcoin as well as the verification of transactions on a block.
This is effectively the list of all transaction since the beginning of the particular altcoin which is available to every user of the cryptocurrency
Proof of Work
This is the system used within the mining of particular altcoins like Bitcoin & Ethereum it is effectively proof of how much computational/hashpower you have sacrificed in order to mine a block
Proof of Stake
This a newer system which costs far less than proof of work and is dependant on actual owners of the specific digital currency staking some or all of their coins in order to help the network run efficiently
A fairly new update which effectively reduces the size of a block by separating the signature from the transaction block. This can be implemented into a cryptocurrency in order to speed up the network
In simple terms this is an update which is not mandatory and only requires the majority of the miners to upgrade so they are able to enforce the new rules/changes
A hard fork is effectively an update which will completely diverge the blockchain meaning that the update must be done by all of the users
Bitcoin Improvement Proposals come about when the current state of the network is struggling to keep up with increasing transactions and other ever changing factors
This page will be updated regularly, however if there is any specific information or key words you would like more information on feel free to email us and we will look to get the website updated as soon as possible.
Recent cryptocurrency news
Bittrex recently shared its plans to remove 82 altcoins from its exchange. The reasons for removing these altcoins from the exchange’s listing vary according to Bittrex, which is one of the most popular U.S. based [...]
Even though it has just been a little over three months, it seems a distant dream when the cryptocurrency industry rejoiced in achieving milestones and obtaining all-time record highs for various digital assets. Dreams may [...]
Everipedia, simply described as a wikipedia competitor, confirmed this Tuesday that it will be holding an airdrop for the distribution of its IQ Tokens. The move had been announced by the Wikipedia competitor two months [...]
Vanywhere, the skill-sharing platform that enables anyone with a marketable skill to capitalize on their knowledge and talent, is announcing today a collaboration with Qtum, the blockchain application platform. The Vanywhere marketplace runs on the [...]