Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: Master107 on November 01, 2020, 04:51:02 PM
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For those new and wondering about some words that you encountered or may encounter in the future.
Peer-to-Peer Network – a network of computers that share files and resources.
Proof-of-work – a measure to prevent denial of service attacks and achieve distributed consensus on a cryptocurrency blockchain by requiring some type of work from a service requestor.
Proof-of-stake – a measure to prevent denial of service attacks and achieve distributed consensus on a cryptocurrency blockchain by requiring ownership of a certain amount of cryptocurrency.
Pump – when a person or group with lots of money buy a bunch of coins at market value, driving the price of the coins up.
Dump – when a person or group sell a bunch of coins at a market value, driving the price of the coins down.
Credit to the post creator Cordillerabit
Original post by:Cordillerabit: https://www.altcoinstalks.com/index.php?topic=1988.0
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For those new and wondering about some words that you encountered or may encounter in the future.
Peer-to-Peer Network – a network of computers that share files and resources.
Proof-of-work – a measure to prevent denial of service attacks and achieve distributed consensus on a cryptocurrency blockchain by requiring some type of work from a service requestor.
Proof-of-stake – a measure to prevent denial of service attacks and achieve distributed consensus on a cryptocurrency blockchain by requiring ownership of a certain amount of cryptocurrency.
Pump – when a person or group with lots of money buy a bunch of coins at market value, driving the price of the coins up.
Dump – when a person or group sell a bunch of coins at a market value, driving the price of the coins down.
Credit to the post creator Cordillerabit
Original post by:Cordillerabit: https://www.altcoinstalks.com/index.php?topic=1988.0
Those are really important worlds in crypto currency.