Difference between revisions of "Glossary"

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|'''Cryptocurrency Exchanges'''
 
|'''Cryptocurrency Exchanges'''
|Online cryptocurrency exchanges are websites where you can buy, sell or exchange cryptocurrencies for another |digital currency or fiat money (USD, EUR, BTC, CLOAK, etc).
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|Online cryptocurrency exchanges are websites where you can buy, sell or exchange cryptocurrencies for another digital currency or fiat money (USD, EUR, BTC, CLOAK, etc).

Revision as of 09:45, 23 August 2017

Glossary

Fiat currency Traditional currencies such as USD or EUR
Proof-of-Stake (PoS) Type of algorithm by which a blockchain aims to achieve consensus. The generator of the next block is determined by the size of his stake. The bigger his stake, the higher his chance.
Proof-of-Work (PoW) Type of algorithm by which a blockchain aims to achieve consensus. The algorithm rewards network participants who solve cryptographical puzzles in order to submit & validate transactions and create new blocks. Also referred to as mining.
Cryptocurrency Exchanges Online cryptocurrency exchanges are websites where you can buy, sell or exchange cryptocurrencies for another digital currency or fiat money (USD, EUR, BTC, CLOAK, etc).