Important words in crypto discussion

[Master107]

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

[Ronald]

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.