What is an ASIC Miner? Application specific integrated circuit (ASIC) miners are a piece of hardware in the form of a chip designed for…
Cryptocurrency Terms
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51% Attack Definition
Last updated: August 13, 2018, 8:29 am Cryptocurrency TermsWhat is a 51% Attack? A 51% attack, sometimes known ultimately as a double-spend attack, is when one or more miners on a blockchain…
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Namespace (Cryptocurrency) Definition
Last updated: August 13, 2018, 8:40 am Cryptocurrency TermsWhat is a Namespace? Namespaces are a part of blockchain-based cryptocurrency platforms like Ethereum and NEM, which provide digital financial asset holders with a…
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DEX (Decentralized Exchange) Definition
Last updated: August 13, 2018, 5:27 am Cryptocurrency TermsWhat is a Decentralized Exchanges? A decentralized exchange (DEX) is a trade market where trades happen peer-to-peer rather than through a third party. A…
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TPS (Transactions Per Second) Definition
Last updated: August 13, 2018, 8:50 am Cryptocurrency TermsWhat is TPS? Transactions per second (TPS) measure how many transactions occur in one second through an information system. In the crypto market, transactions per…
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Double Spending Definition
Last updated: June 26, 2018, 5:01 am Cryptocurrency Education | Cryptocurrency TermsWhat is the Double Spending Problem? Double spending is the risk that a digital currency is spent more than once. This issue is unique…
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Mining Rig Definition
Last updated: December 13, 2018, 10:31 am Cryptocurrency Education | Cryptocurrency TermsWhat is a Mining Rig? A mining rig is the computer system that is used to mine any cryptocurrency. Rigs can have different purposes.…
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Hot Wallet Definition
Last updated: April 9, 2018, 11:44 am Cryptocurrency Education | Cryptocurrency TermsWhat Are Crypto Hot Wallets? A hot wallet is a cryptocurrency wallet that is in some way connected to the internet. The contrast of…
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Cold Storage Definition
Last updated: April 9, 2018, 11:35 am Cryptocurrency Education | Cryptocurrency TermsWhat Is Cold Storage? Cold storage is where cryptocurrencies are stored in a wallet that is not connected to the internet. The purpose of…
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ZK Snarks Definition
Last updated: April 9, 2018, 11:26 am Cryptocurrency Education | Cryptocurrency TermsWhat are zkSNARKs? zkSNARK, which stands for “Zero-knowledge Succinct Non-interactive Argument of Knowledge”, is a protocol that allows one party to demonstrate, or prove,…