Encryption
By Cryptomcmillan1 | Updated on May 24, 2020
Encryption is a process of encoding information the original form of information called plaintext via an algorithm called cipher. The encrypted message is now called ciphertext. Only authorized parties can decipher the ciphertext and convert back it to the original plaintext. It is the practise of secured communication.
Related Terms
PFP
It means both 'profile pic' and 'picture for proof'.
Peer to Peer
A communication protocol that does not require a central hub
Limit Order / Limit Buy / Limit Sell
Orders placed by traders to buy or sell a cryptocurrency when a certain price is reached
Microtransaction
Microtransaction is a system that made very small payments possible in buying the common digital goods and services, such as purchasing items in a game.
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