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). | + | |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 | digital currency or fiat money (USD, EUR, BTC, CLOAK, etc). |
