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Each block holds a historical database of all cryptocurrency transactions made until the block is full. It was intended to be a peer-to-peer, decentralized electronic cash system. It was created in 2008 by an individual or group of individuals operating under the name Satoshi Nakamoto. The overall price then rebounds, allowing them to make a profit. Those who set the trap then release it, buying back their assets, which are now at a lower price. As a result, other traders sell their assets, further driving the price down. The bear trap is set by this group all selling their cryptocurrency at the same time, which bluffs the market into thinking there is a drop incoming. This is a trick played by a group of traders aimed at manipulating the price of a cryptocurrency. If the price of a cryptocurrency has a negative price movement. Multiple exchanges trade in the same cryptocurrency at any given tie, and they can do so at different rates.Ī way of letting people directly and cost-effectively exchange one type of cryptocurrency for another, at current rates, without needing to buy or sell.Ī large quantity of units in a certain cryptocurrency. The act of buying from one exchange and then selling it to the another exchange if the margin between the two is profitable. ASICs are built specifically to solve hashing problems efficiently. Also referred to by initialsm AML.Ĭomputer hardware – similar to a graphics card or a CPU – designed to mine cryptocurrency. International laws and regulations designed to prevent criminals from laundering money through cryptocurrencies into real-world cash. Abbreviated to ATL.Ī category that includes all coins other than Bitcoin, the first and most successful of all the cryptocurrencies. Lowest price ever achieved by a cryptocurrency. Highest price ever achieved by a cryptocurrency.
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Mathematic instructions coded into and implemented by computer software to produce a desired outcome.
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They can be given away for free or in exchange for simple tasks like sharing news of the coin with friends. It can occur when the creator of a cryptocurrency provides its coin to low-ranked traders or existing community members in order to build its use and popularity. Addresses look different among cryptocurrencies but are usually a string of more than 30 characters.Ī marketing campaign that refers to the expedited distribution of a cryptocurrency through a population of people. It’s this location at which the coin’s ownership data is stored and where any changes are registered when it is traded.
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The entity has full control of the network and can negatively affect a cryptocurrency by halting mining, stopping or changing transactions and reusing coins.Ī unique address that identifies where a cryptocurrency sits on the blockchain. A majority attack that occurs when more than half of the computer power on a network is run by a single person or a single group of people.
