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Cryptocurrency and Blockchain Dictionary

A complete list of crypto definitions

Cryptocurrency and blockchain glossary

Commonly used terms in the world of blockchain and cryptocurrency

Terms commonly used in the world of blockchain and cryptocurrency

P2P

P2P – short for Peer-To–Peer. A network where all the peers are connected to each other, each peer sharing files with the other. Peers are nodes.

Other Important Terms

Decentralized Autonomous Organizations

DAO is an abbreviation of 'Decentralised Autonomous Organization'. This is basically an organisation that runs automatically on itself without any human interventions. The work is automatically excecuted through Smart contracts.

Bitcoin ETF

Short for Bitcoin Exchange-Traded Fund. A financial asset that is tied to Bitcoin price, allowing its holder to benefit from Bitcoin price fluctuations without having to store and trade Bitcoin itself.

ATH

Short for All Time High. Refers to the highest price a cryptocurrency asset has ever had.

Hash Rate

Hash rate – also known as hash power, is a value that represents a number of times a hash function can be computed per second by a miner or the whole network. This value depends on 2 factors: The actual computing power of a miner; The network a miner works in. Difficulty of hash function can be different in different networks. For example, the hash rate of Nvidia GTX 1060 6GB, one of the most popular GPUs for mining, in Ethereum network is approximately 24 MHash/s. It means that this GPU is able to run hash algorithm approximately 24 million times per second.

DAO

DAO – short for Decentralized Autonomous Organization. It is an organization governed by the rules encoded as a computer program. DAO is transparent, controlled by shareholders and not influenced by a central government.

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