🔥 Join CoinGecko Premium and CoinGecko Premium+ today!🔥 Ad-free experience, Boosted Candies, Exclusive NFT, and much more! 😉 Check it out!

Algorithm

By Cryptomcmillan1 | Updated on May 24, 2020
Algorithm is a set of rules to follow to solve a problem or conduct a task. In computer or programming, an algorithm is needed for a computer to do its task accordingly. It is not a computer code and it needs to be converted to the language where the computer can understand.

Share this with a friend!

Related Terms

Token Burn
An event in which tokens are verifiably removed permanently removed from circulation.
Bakkt
Bakkt is a company developed by the Intercontinental Exchange (ICE), owner of the New York Stock Exchange. It specializes in Futures/Options contracts for cryptocurrencies.
Buy wall
Anomalously large buy order(s) at a single price point that reflects as a "wall" in the order book.
Delegated Proof-of-Stake (dPOS)
A consensus mechanism where selected members of a network are voted as delegates to validate transactions and produce blocks on a blockchain.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.
coingecko (thumbnail mini)
CoinGecko for iOS
coingecko (thumbnail mini)
CoinGecko for Android