Cryptocurrency
By CoinGecko | Updated on Mar 03, 2020
A form of digital currency that utilizes cryptographic protocols to record ownership, prevent counterfeit (when ownership and transaction gets logged onto the blockchain). Bitcoin is one of the most successful examples which combines peer-to-peer networking, cryptography and incentivization by design to create a cryptocurrency.
Related Terms
Turing-Complete
A "turing complete" code or blockchain refers to the ability to read program-written codes.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
Market Taker
Participant of the market who buys and sells from currently existing orders
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