Glossary
97 articles
Public Ledger
A cryptocurrеncy public lеdgеr, oftеn associatеd with blockchain tеchnology, is a rеcord-kееping systеm usеd to maintain thе dеtails of cryptocurrеncy transactions.
Qadir AK·11 Nov 20231 min
Public Key
pair of keys used in encryption and digital signatures. It’s meant to be shared with others and is used to encrypt data or verify the authenticity of data. Public keys help secure communications and ensure data privacy and authenticity.
Qadir AK·11 Nov 20232 min
Private Key
A private key in cryptocurrency is a confidential and unique cryptographic code that grants access to your digital assets. If someone else gets your private key, they can control and potentially take your cryptocurrency.
Qadir AK·11 Nov 20232 min
PoW
Proof of Work in crypto means validating transactions and creating new blocks by solving complex puzzles with powerful computers, but it’s energy-intensive.
Qadir AK·11 Nov 20232 min
Pos
Proof of Stake is a way to validate transactions and create new blocks based on the coins held and will to stake as collateral making it more energy-efficient than other methods like Proof of Work.
Qadir AK·11 Nov 20232 min
POA
POA stands for Proof of Authority, A blockchain consensus mechanism where trusted entities validate transactions and create blocks, commonly used in private blockchains.
Qadir AK·11 Nov 20232 min
Paper Wallet
A physical document or printout that contains a public address for receiving cryptocurrency and a private key for accessing and controlling those funds like traditional bank Bond.
Qadir AK·11 Nov 20232 min
Orphan Block
An orphan block is a term used in blockchain technology to describe a block that has been mined but is not accepted by the blockchain network.
Qadir AK·11 Nov 20231 min
Node
Node is like a computer that helps run the network by processing transactions and ensuring security.
Qadir AK·11 Nov 20232 min