![]() Uniswap rewarded anyone who had used its exchange with an airdrop. In other cases, airdropped coins are "earned" through tasks such as sharing news or downloading an app. For example, to receive some airdrops, you had to prove you owned Bitcoin how much you received was based on how much Bitcoin you owned. Payments received to an address are visible in the public ledger.Īirdrop: cryptocurrency distributed for free based on some particular criteria. The network ensures all addresses are unique. However, a majority of miners also can act together benevolently to reverse a very large hack, as happened with Ethereum in 2016.Īddress: a long string of letters and numbers (in the case of Bitcoin, 26 to 35 characters) that represents a destination for one or more payments. In this way, an attacker could steal crypto from other unsuspecting users. The main concern is a malicious attack that would allow a double-spending transaction - the movement of the same crypto to two different addresses simultaneously. A miner in control of 51% or more of the hash rate can "rewrite" past transactions. The Money Morning Glossary of Cryptocurrency Termsĥ1% attack or majority attack: a type of attack that involves gaining a majority of the mining power for a particular cryptocurrency. Here's the complete list of crypto terms, in alphabetical order. In fact, if you have any suggestions for additional terms, put your ideas in a comment at the bottom of this story.īookmark this page so that whenever you run across a head-scratching crypto term in a news story, on a company website, or just in a casual conversation, you can look it up here. It also touches on the people and topics key to the history of cryptocurrency.Īnd we plan to keep it current. ![]() It includes terms used by crypto "insiders" as well as technical terms. That's why we've put together this Money Morning glossary of crypto terms. In short, crypto is getting too big to ignore. (NYSE: BK ), the world's largest custodian bank, formed a new unit to help clients hold, transfer, and issue digital assets. (NASDAQ: MSFT) and International Business Machines (NYSE: IBM) - have integrated blockchain tech into their businesses. (NYSE: HSBC) - as well as big tech firms like Microsoft Corp. Companies are adding Bitcoin to their balance sheets.īitcoin futures are traded on the Chicago Board Options Exchange (CBOE) as well as the Chicago Mercantile Exchange.Īnd blockchain technology, which underpins most cryptocurrencies, is also spreading rapidly. It has absolutely gone mainstream.You can now trade Bitcoin futures and buy stock in online crypto exchange Coinbase.īut how much do you really know about cryptocurrency?Īs crypto technology becomes increasingly pervasive, more and more people will need a working knowledge of cryptocurrency terms.Ī number of respected Wall Street investors, such as Paul Tudor Jones, Bill Miller, Stanley Druckenmiller, have added Bitcoin to their portfolios. Let's face it: Cryptocurrency isn't just for geeks anymore.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |