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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.

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Related Terms

Total supply
All the tokens and coins that will exist in a cryptocurrency network.
Hot Wallet
It is a tool that store your cryptocurrencies and always connected to internet
KYC (Know Your Costumer)
KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them.
Oracles
In the context of crypto, oracles refers to services which verify real-world and provide data to blockchains/smart contracts.
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