UTC Time
By CoinGecko | Updated on Mar 03, 2020
UTC-time is the time standard used to internationally denote time. In the context of the cryptocurrency industry, due to its decentralized nature, companies and consumers are located all over the world each using different time zones. Using a standardized timing makes it less possible for cause confusion.
Related Terms
Scrypt
one of the hashing algoritm used in proof-of-work protocol, scrypt requires more memory in order to performing mining functions
Cryptography
A discipline or field of study which practices using cryptography to convert human-readable information that can only be deciphered by individuals who have the knowledge to.
Pay-Per-Share (PPS)
You are compensated for each valid share that you contribute. Each share is worth a set amount of cryptocurrency that may be mined.
KYC (Know Your Customer)
KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them.
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