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Glossary

Proof of work

Proof-of-Work, or PoW, is the original consensus algorithm in a Blockchain network.

In Blockchain, this algorithm is used to confirm...

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Proof of stake

Proof-of-stake, or PoS, is another method to achieve a distributed consensus to validate a transaction.

The mining power of an individual,...

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Blockchain

A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. 


Blocks are recorded and added to it...

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Nonce

The "nonce" in a bitcoin block is a 32-bit (4-byte) field whose value is adjusted by miners so that the hash of the block will be...

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Market capitalization

(Market Cap, MCAP, CAP)

Market Capitalization is one way to rank the relative size of a cryptocurrency


It constitutes a mathematical...

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Fiat currency

Fiat currency is backed by a central government. It is not backed by a physical commodity and its value is derived from the relationship...

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Pegged currency

A pegged currency is one that is controlled by the central bank in a country so that it keeps the same value against other currencies...

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Cryptocurrency

Cryptocurrency is a virtual form of currency or money. It is data or information history stored in digital code and accessed through...

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Block

Blockchains consist of individual blocks that are added to the ledger as they are mined. Once a block has reached a predetermined...

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Bitcoin

Bitcoin is the original form of cryptocurrency; it was developed by a programmer or a group of programmers going by the name Satoshi...

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