Turing-Complete
By CoinGecko | Updated on Mar 03, 2020
In the context of the crypto industry, a Turing complete netowork refers to one where smart contracts can be programmed on the blockchain.
Related Terms
Hybrid PoW/PoS
It is the allowance for both Proof-of-Stake and Proof-of-Work distribution consensus to work on the same network.
Sharding
A form of database partitioning which breaks up data into smaller segments.
Mining Pool
Combination of resources of several miners to obtain a higher mining power and thus achieve greater rewards for the opening of blocks.
Secure Asset Fund for Users (SAFU)
A feature created by Binance which contains reserve funds that can be used to reimburse users in case of a catastrophic event (eg. exchange hack)
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