Cryptocurrency Act of 2020
By Cryptomcmillan1 | Updated on May 24, 2020
The Cryptocurrency Act of 2020 is a bill which aims to clarify which federal agencies would regulate which type of crypto assets. It was introduced by Rep. Paul Gosar, a congressman from Arizona, United States of America.
Related Terms
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
Block Confirmation
Refers to the number of confirmation a particular block has. Each block ahead of the referenced block adds one block confirmation to it.
Central Ledger
Central data repository of a company or bank
Zero Knowledge Proof
Cryptographic proof for 2 parties to verify a value without revealing what the value is.
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