Cryptocurrency Definitions: Bitcoin Cash

bitcoin cash

Bitcoin Cash is a cryptocurrency that came from the fork of Bitcoin Classic that was created in August 2017. Since its launching, Bitcoin faced pressure from community members on the topic of scalability. Especially, that the size of blocks — put at 1 megabyte (MB), or 1,000 bytes, in 2010 — could slow down trade … Read moreCryptocurrency Definitions: Bitcoin Cash

Cryptocurrency Definitions: Initial Coin Offering (ICO)

ico

An Initial Coin Offering (ICO) is an unregulated method that is used to generate funds for a cryptocurrency venture. This offering can be used by startups to skip the rigorous and controlled capital-raising procedure demanded by venture capitalists or banks. When a cryptocurrency start-up company would like to raise money through a First Coin Offering … Read moreCryptocurrency Definitions: Initial Coin Offering (ICO)

Cryptocurrency Definitions: Block Reward

block reward

Block reward refers to the new cryptocurrency tokens distributed by the network to miners for each successfully solved block. Essentially, it entails solving a computationally tough math equation to find a new cube, which can be added to a blockchain, and getting a reward of couple bitcoins or other crypto currencies for solving the problem. … Read moreCryptocurrency Definitions: Block Reward

Cryptocurrency Definitions: Ripple

Ripple (XRP) is a technology which functions as both a cryptocurrency plus also a digital payment system for monetary transactions. The cryptocurrency was co-founded by Jed McCaleb and Chris Larsen in 2012. To comprehend the way the system operates, look at a money transfer arrangement at which both parties on each end of this trade … Read moreCryptocurrency Definitions: Ripple

Cryptocurrency Definitions: Private Key

What Is A Private Key? A private key is a complex type of cryptography that enables a user to access their cryptocurrency stored in their wallet. When sets up a cryptocurrency wallet, they are usually provided a public key and a private key to send and receive tokens or coins. The public address is where … Read moreCryptocurrency Definitions: Private Key

Cryptocurrency Definitions: Public Key

What Is A Public Key? A public key is a cryptographic code that enables a user to recieve cryptocurrencies into his or her account. The key coupled with the private key are important tools necessary to ensure the safety of the crypto economy. When a user accomplishes his inaugural transaction with bitcoin or altcoins, a … Read moreCryptocurrency Definitions: Public Key

Cryptocurrency Definitions: Ethereum

ethereum

Founded in 2015, Ethereum is the 2nd largest cryptocurrency in the world, behind Bitcoin. Ethereum (ETH) is a decentralized program platform that empowers SmartContracts to be assembled and operate with no downtime, fraud, interference or control from a third party. It is also a programming language running onto a blockchain, enabling programmers to build and … Read moreCryptocurrency Definitions: Ethereum

Cryptocurrency Definitions: Litecoin

litecoin

Litecoin is the 3rd most well known cryptocurrency behind Ethereum and Bitcoin. This cryptocurrency was designed to be a Bitcoin alternative that would improve on some of its weaknesses. It differs from Bitcoin in elements such as block production speed, as it is four times faster than Bitcoin. Litecoin is easier to access and processes … Read moreCryptocurrency Definitions: Litecoin

Cryptocurrency Definitions: Coinbase

Coinbase

Coinbase is a cryptocurrency broker founded in 2012 that provides a platform for individuals to buy and sell bitcoin, ethereum, and litecoin with fiat money. In addition to its primary operation as a broker, Coinbase is also a bitcoin exchange and wallet provider. The platform was first launched as a digital wallet for users to … Read moreCryptocurrency Definitions: Coinbase

Cryptocurrency Definitions: Poloniex

Poloniex

Poloniex – Cryptocurrency Exchange Poloniex is a cryptocurrency exchange founded in 2014 in the USA. It is great for trading altcoins, as it has a especially large selection available to trade. This exchange offers a really clean and organized platform displaying the most essential tools a trader needs. It has good charts with a simple … Read moreCryptocurrency Definitions: Poloniex