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traveljunkie

@traveljunkie

300 followers 57 following 147 posts Reputation 43.2

traveljunkie
@traveljunkie Feb 9, 2018, 7:01 PM UTC

Crypto terminology: "Market Cap"

The market capitalization shows the value of a company, market or sector at a point in time, it is commonly used to rank relative size. In equities, it refers to the total market value of a company's…

0 upvotes 2 replies $0.00
traveljunkie
@traveljunkie Feb 8, 2018, 8:32 PM UTC

Crypto terminology: "ICO"

ICO (Initial coin offering) is an unregulated means by which a cryptocurrency project, early stage, can raise money from supporters by issuing tokens. ICO is often referred to as a crowdsale as ICO p…

0 upvotes 0 replies $0.00
traveljunkie
@traveljunkie Feb 8, 2018, 5:14 PM UTC

Crypto terminology: "Segregated Witness (SegWit)"

Segregated Witness is a process where the block size limit on a blockchain is increased by removing digital signature data and moving it to the end of a transaction to free up capacity. Essentially t…

1 upvotes 0 replies $0.00
traveljunkie
@traveljunkie Feb 7, 2018, 5:04 PM UTC

Crypto terminology: "Lightning network"

Lightning Network is a low latency, off chain P2P system for making micropayments of cryptocurrencies. Lightning Network offers features like instant payments, scalability, low cost and cross-chain f…

0 upvotes 0 replies $0.00
traveljunkie
@traveljunkie Feb 6, 2018, 7:38 PM UTC

Crypto terminology: "ERC-20"

A token standard for Ethereum which ensures that the tokens perform in a predictable way. The standard allows the tokens to be easily exchangeable and able to work with decentralized applications tha…

0 upvotes 0 replies $0.00
traveljunkie
@traveljunkie Feb 4, 2018, 7:36 AM UTC

Crypto terminology: "Dapp"

Dapp Dapp (Decentralised application ) is a kind of application that is open source, operates autonomously, has its data stored on a blockchain, incentivised in the form of cryptographic tokens and o…

1 upvotes 3 replies $0.00
traveljunkie
@traveljunkie Feb 3, 2018, 9:54 AM UTC

Crypto terminology: "Wallet"

Wallet (Hardware/HD/Paper/Software) A physical or software object where you have a combination of public and private key stored. Hardware wallet: A hardware device which stores public and private key…

2 upvotes 1 replies $0.00
traveljunkie
@traveljunkie Feb 2, 2018, 8:31 PM UTC

Crypto terminology: "Confirmation"

Confirmation When a Bitcoin transaction takes place, the blockchain confirms the transaction’s validity. The confirmation is done by miners every 10 minutes when a block is mined. It is always advise…

0 upvotes 0 replies $0.00
traveljunkie
@traveljunkie Jan 31, 2018, 7:48 PM UTC

Crypto terminology: "Sharding"

Sharding is a type of scaling solution for blockchains. Generally, every node in a blockchain network houses a complete copy of the blockchain. Sharding is a method that allows nodes to have partial…

0 upvotes 0 replies $0.00
traveljunkie
@traveljunkie Jan 30, 2018, 7:26 PM UTC

Crypto terminology:"51% attack"

A 51% attack is a situation where more than half of the network's hashpower is in the hands of a single individual or concentrated group. The "attacker(s)" would be able to prevent new transactions f…

5 upvotes 3 replies $0.00