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What is a WALLET?
Software program or a piece of hardware holding pairs of codes (public and private keys), which...
What is VALIDATION?
A process which checks the accuracy of the information given from a computer in the network and...
What is UNSPENT TRANSACTION OUTPUT (UTXO)?
This refers to the amount of cryptocurrency sent just to an entity and not elsewhere. In that...
What is a TRANSACTION FEE?
An amount paid to the miners for successfully projecting a transaction on the blockchain. It...
What is a TRANSACTION?
When cryptocurrency moved from one entity to another on a blockchain network.
What is SOLO MINING?
the process of mining on your own without sharing computing power with other miners (being in a...
What is a SOFT FORK?
A change to the existing blockchain protocol where previously valid transactions are made invalid....
What is a SMART CONTRACT?
A contract written in computer code, set up to execute and carry itself out automatically under...
What is RETURN OF INVESTMENT (ROI)?
ROI is an indicator showing the ratio of profit or loss on initial investment in percentage.
What is a PUBLIC LEDGER?
a record of every transaction ever made in the blockchain. It can’t be changed; only new...