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CRYPTOJACKINGĬryptojacking is the process of using a computer to mine cryptocurrency without the knowledge or consent of the owner.

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CRYPTOGRAPHYĬryptography is the study of how to convert information into an unreadable form in order to keep it secure. In order to prevent fraud and double spending, the system uses a decentralized network of nodes that agree on the validity of transactions. CONSENSUSĪ cryptocurrency consensus is a process that determines which transactions are valid and which are not. They have an extremely high level of trust in Bitcoin and believe that it has no potential for competition.Ī cryptocurrency bull is a term used to describe a person who believes that the price of a cryptocurrency will increase in the future. BITCOIN MAXIMALISTĪ cryptocurrency bitcoin maximalist is a person who believes that Bitcoin is the best form of digital currency. It’s usually a fixed amount of coins that are given out to the miner when they successfully mine a new block. BLOCK REWARDĪ cryptocurrency block reward is a reward given to the miner of a new cryptocurrency block. It is the smallest amount of data that can be processed and confirmed by the network. BLOCKSĪ cryptocurrency block is a unit of information in the public ledger of a cryptocurrency (blockchain). BEARWHALEĪ cryptocurrency bearwhale is a trader who has a significant amount of cryptocurrency but is pessimistic about the crypto market. A bear market is characterized by an overall decreasing trend in the market. BEARĪ cryptocurrency bear is a trader who believes that the price of a cryptocurrency will drop. BAGHOLDERĪ cryptocurrency bagholder is someone who bought cryptocurrencies but has since lost all their investment due to the rapid decline in the value of the coins on the market. They are cryptocurrencies that are based on the same blockchain technology as Bitcoin but with different algorithms and/or different goals. ALTCOINĪltcoins are cryptocurrencies that are not Bitcoin. An airdrop is also used as an effective form of marketing, where people are incentivized with tokens to promote the project on social media platforms and other websites.

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AIRDROPĪ cryptocurrency airdrop is when a currency project gives a way tokens to the public for free in order to promote their currency or platform. An address is used to represent a destination for transactions on the blockchain, the public ledger that records all transactions in cryptocurrency. A cryptocurrency address is a set of numbers and letters similar to usernames, email addresses, or bank account numbers for different blockchains or cryptocurrencies.

Crypto lingo