Goblin Town
By CoinGecko | Updated on Apr 11, 2022
A term used to describe the market's persistent downtrend, synonymous with "bear market". This is a reference to The Hobbit (1977)'s hit song, "Down Down to Goblin Town"
Related Terms
Decryption
The process of decrypting data that was previously encrypted (made unreable) back to a readable form.
Unspent Transaction Output
(abbv. "UTXO") Coins that are unspent in the wallet. UTXO virtually represents the cryptocurrency one own in the wallet.
Genesis Block
It is the first block of data that is processed and validated to form a new blockchain, typically called as 'block 0' or 'block 1'.
Turing-Complete
A "turing complete" code or blockchain refers to the ability to read program-written codes.
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