They can be created by copying the codebase of an existing cryptocurrency or by using a different algorithm. AltcoinĪltcoins are cryptocurrencies that are not Bitcoin.
It is used to measure the success of a specific coin or token and can be used to predict future prices. All-Time LowĪ cryptocurrency’s all-time low is the lowest price a particular coin or token has ever reached. It is used to measure the success of a particular coin or token and is often used to predict future prices.
All-Time HighĪn all-time high (ATH) is the highest price that a cryptocurrency has ever reached. There are several different algorithms, but the most popular ones are Bitcoin’s SHA-256 and Ethereum’s Ethash. The algorithm is what determines the mining difficulty and how rewards are distributed. AlgorithmĪ cryptocurrency algorithm is a mathematical formula to create new blocks and confirm transactions on a blockchain network. Airdrops can also be used to reward loyal customers or followers. They usually occur when a new blockchain or token is launched, and developers want to get the word out to as many people as possible. Every address is unique, like your bank account number and sort code.įind out more here: What are cryptocurrency addresses? AirdropĪirdrops are a way of distributing new tokens to the cryptocurrency community. These addresses are used to receive and send cryptocurrencies. AddressesĬryptocurrency addresses are alphanumeric strings that represent a holder’s public key. This allows them to reverse transactions, prevent new transactions from being confirmed, and even double-spend coins. 51% AttackĪ 51% attack is when a single entity or group of entities gain control of more than half of the mining power of a cryptocurrency network. However, more in-depth articles will be published about each of them in the future, giving more insight. This post will go through some of the most common cryptocurrency terms and their definitions. While some of these terms may have a straightforward meaning, others can be more difficult to understand. In the world of cryptocurrencies, many terms are used to describe various aspects of the technology. The Ultimate Cryptocurrency Terminology Cheat Sheet We’ll cover everything from “altcoins” to “Zero Confirmation Transactions.” You’ll be one step closer to joining the cryptocurrency community by understanding these terms! If you are a beginner in crypto, this post and the basics of cryptocurrency should help you. This post will define some of the most important terms you need to know. If you’re new to the cryptocurrency world, it can be confusing trying to understand all of the terminologies.
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