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| HOT WALLET | also known as tokens, cryptocurrencies are representations of digital assets. |
| DIGITAL ASSET | a bitcoin wallet that has an active connection to the internet. these are used for “everyday” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. |
| TURING COMPLETE | the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin. |
| CRYPTOCURRENCY | anything that exists in a binary format and comes with the right to use. data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. |
| PUBLIC ADDRESS | each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain. |
| SATOSHI | a public address is the cryptographic hash of a public key. they act as email addresses that can be published anywhere, unlike private keys. |
| DAO | turing complete refers to the ability of a machine to perform calculations that any other programmable computer is capable of. an example of this is the ethereum virtual machine (evm). |
| BITCOIN | decentralised autonomous organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. also known as “dacs” |
| BLOCK TIMESTAMP | concept states that a person can mine or validate block transactions according to how many coins he or she holds. this means that the more bitcoin or altcoin owned by a miner, the more mining power he or she has. |
| PROOF- OF- STAKE (POS) | bitcoin can refer to the protocol, network or the unit of currency. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. |
| |  |
| HOT WALLET | a bitcoin wallet that has an active connection to the internet. these are used for “everyday” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. |
| DIGITAL ASSET | anything that exists in a binary format and comes with the right to use. data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. |
| TURING COMPLETE | turing complete refers to the ability of a machine to perform calculations that any other programmable computer is capable of. an example of this is the ethereum virtual machine (evm). |
| CRYPTOCURRENCY | also known as tokens, cryptocurrencies are representations of digital assets. |
| PUBLIC ADDRESS | a public address is the cryptographic hash of a public key. they act as email addresses that can be published anywhere, unlike private keys. |
| SATOSHI | the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin. |
| DAO | decentralised autonomous organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. also known as “dacs” |
| BITCOIN | bitcoin can refer to the protocol, network or the unit of currency. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. |
| BLOCK TIMESTAMP | each block contains a timestamp in unix. they help to make it more difficult for someone else to manipulate the blockchain. |
| PROOF- OF- STAKE (POS) | concept states that a person can mine or validate block transactions according to how many coins he or she holds. this means that the more bitcoin or altcoin owned by a miner, the more mining power he or she has. |
