Crypto Money Terms
Address:
Alphanumeric characters used to pay and receive payments on the Bitcoin network are the names given to the whole. It can be used as a QR code that can be scanned. It's the only thing you need to give them to Bitcoin to pay you. Example Address: 1kqHKEYYC8CQPxyV53nCju3kk2ufpQqA2Altcoin:
The collective name used for crypto currencies offered as an alternative to Bitcoin. Litecoin, Feathercoin and PPcoin; they are all subcodes.Anti Money Laundering:
A term used to stop people who turn any kind of fund derived from illegal ways to make it seem legally gained. Only bitcoin and crypto are not related to money, but there are institutions that prevent money laundering from all over the world. Masak in Turkey was established for this purpose.Arbitrage:
Buying and selling in various market conditions (in order to make profit from price differences between various exchanges) simultaneously between assets, including gold, silver, petroleum commodities such as oil and crypto money such as Bitcoin, it is to do.ASIC:
A silicon chip designed specifically to perform a single task. It is a processor system that operates on physically linked instruction sets on its own functions. ASICs are cheaper and faster than general purpose processors that can do the same thing. The SHA-256 for removing bitcoins has been designed to handle mixed problems.ASIC Miner:
Bitcoin is the general name for equipment that contains an ASIC chip, configured for mining, with low power consumption and high production power.Attack 51%:
Crypto is a single miner who produces in a network of money mining, with a group of miners making up more than half of the production power. Thus, theoretically, the process and production cause this person or group to pass. This amount of power makes them theoretically the authority of the network. It is assumed that all the miners on that network are confident to have this power. Because it can manage the following operations that hold this power. • Removing a transaction that conflicts with someone else's system • Stopping the verification of another miner's operation • Spending the generated crypto money more than once • Retiring other miners from removing valid blocks.Bitcoin:
The symbol ฿, is the virtual currency with the shortened BTC.Bitcoin Investment Trust:
This specialist invests in open funds, especially Bitcoin, and uses a technological protocol to safely store Bitcoins on behalf of investors and shareholders. It gives people involved in this fleet a safe way to invest in Bitcoin, without having to keep and buy their own digital money.BitPay:
It is a payment processor that offers technical sub-establishments that allow virtual or real businesses to receive Bitcoin payments.BitStamp:
Dollars The popular bitcoin stock market you can buy or sell for Bitcoin.Block: A block is a record that confirms and contains many operations waiting in the block chain. Approximately every 10 minutes (this time varies), an average new block containing operations is added to the block chain by mining.
BlockChain:
Block chaining is the public log of all Bitcoin transactions in chronological order. The block chain is shared by all Bitcoin users. It is used to control the look of bitcoin addresses and to avoid spending twice.Block Reward:
The payout given to the mine that successfully created a block. This may be a mix of money and transaction fees, depending on the policy used by the crypto currency in question and whether the entire block has already been successfully exported. At the moment Bitcoin is awarded 25 bitcoin for each block. The block prize is halved when a certain number of blocks are removed. At Bitcoin, the threshold is 210,000 blocks each.BTC:
Currency for Bitcoins is an abbreviation. It's like TL is being called TL.Chargeback:
A chargeback credit card that is translated into Turkish as a chargeback, or a refundable credit card that is paid for paying for goods or services that are paid with PayPal, but not received at all.Client:
A software program that runs on a desktop, laptop computer, or mobile device. This software is connected to the network and transmits all kinds of transactions. It can also contain bitcoin wallets.Coinbase:
The BitCoin Wallet Service Infrastructure company that offers payment processing services for Coinbase merchants and appears to be an intermediary for acquiring Bitcoin from the stock market.Confirmation:
A process that has been verified by the network and has a low probability of being returned. A confirmation is safe enough. However, more than one approval may be required for larger quantities (eg $ 1000 or more). Each approval can take from 5 to 30 minutes depending on the system density. "Three approvals" is the number of transactions accepted by the majority. Each new approval reduces the risk of counter-attack by a factor of three. Each approval means that the accuracy of the transaction is confirmed again.CPU:
It is the processor of the computer. In the first few days it was used in Bitcoin mining, but it is not used because the difficulty level is getting higher. Some new crypto are used in the mining of money.Cryptocurrency:
Digital data generated by solving mathematical problems based on cryptography, cryptography.Cryptography:
A set of mathematical methods that work to provide information security concepts such as cryptography, privacy, authentication, integrity. These methods are intended to protect information, both active and passive, which may be encountered during the transmission of information, as well as the sender and receiver of the information along with the information. In other words, cryptography is also referred to as all of the techniques used to convert information in a readable state into something that can not be read by unwanted parties. Bitcoin is used to verify operations and ensure security.DDoS:
A distributed denial of service attack using a large number of computers under the control of an attacker to consume resources from the central target. It usually sends small amounts of network traffic over the Internet to connect to the source of the transaction and bandwidth that is at hand, which prevents legitimate users from being served. Bitcoin stock exchanges and mining pool sites are constantly exposed to DDoS attacks.Deflation:
In general, prices in the market are constantly falling at a certain time interval. Besides, it is the politics of economics which predicts to halt or slow down the price increase in case of inflation or to decrease prices in the face of inflation.Difficulty:
Crypto is a numerical value that indicates how long a block is to be produced in money production. As the level of difficulty rises, it takes time to solve the block problem of that crypto. The difficulty grade curve is determined in the software phase of the crypto para protocol. Accordingly, as the number of producers increases, the level of difficulty increases.Double Spending:
Bitcoin or other sub-coins are two spending movements. User Bitcoin'ları transactions with the same crypto money with the 2nd transaction comes into play. Thanks to the Bitcoin network operation and validation system, double spending is not easy, but still poses a risk to those who accept zero-check transactions.Dust transaction:
A transaction that contains very small amounts of Bitcoin, a small financial value, but occupies space in the block chain. The Bitcoin developer team is striving to remove dust from the process by increasing the minimum amount of transfer that can be transmitted by the network.Escrow:
A money or asset holding action in a third party account to protect the value transferred during an action. Here the 3rd party account is considered a reliable account for buyer and seller. (Ex: sahibinden.com shopping)Exchange:
A central resource for exchanging different currency forms and other assets. It is usually used to translate Bitcoin variants and transformations into other types of crypto currency, typically the legal currency.Faucet:
A method used when initiating any subcoin production. The crypto held beforehand by the pre-mine yada production is given free of charge by the creators of the money to encourage the people and to encourage those who want to keep the new money.Fiat Currency:
Gold, silver etc. as well as the value of the law only if the government determines that it is valid and that it should be accepted everywhere by law. Today, almost all the money is for the law. Whether these money is accepted by the people other than the obligation is dependent on the confidence of the ruler who issued the money.Forking:
The creation of an alternate ongoing version of the block chain usually occurs because the providers start issuing a number of transaction blocks different from the others.FPGA:
Field Programmable Gate Array is a processing chip that can be configured with special functions after it is manufactured. Think of it as an empty silicon gunpowder on which instructions can be written. Since FPGAs can be manufactured collectively and are configurable after production, manufacturers benefit from economies of scale by making ASIC chips cheaper. However, these are usually very slow.Genesis Block:
The first block in the block chain.Gigahash:
From the billions of providers measured, it is the number of possible provisioning attempts in the moment . (thousands of Megahashes)GPU:
The computer's display card. It is a silicon chip that makes complex mathematical calculations required to handle millions of masses, especially in modern computer game graphics. It is also suitable for cryptographic calculations in crypto currency production.Hashrate:
The number of inferences made by a Bitcoin provider within a given time period. This time is usually one minute.Hash:
A mathematical operation that takes a variable amount of data and produces a shorter, fixed-length output. An inference function has two important features. First, looking at the output, it is mathematically difficult to understand what this original entry is. Second, even the slightest change in the input will produce a completely different output.Inflation:
Prices are a continuous and appreciable increase in the overall level. Another definition is the nominal national income, the increase in the amount of goods purchased with this income (the actual national income), that is, the swelling. Deflation is the opposite.Input:
It is a part of the Bitcoin process that shows where the bitcoin payment comes from. Generally, this entry will be a bitcoin address, unless the process is a generation process, that is, the bitcoin is not newly issued.Kilohash:
It is the number of probable inference attempts measured in thousands of inferences.Liquidity:
Purchasing power, liquidity that can be used in trade, money and trade.Litecoin:
A subcooler based on Scrypt evidence.Market Order:
The instruction given for an exchange. The order placed at the stock exchange to buy or sell an asset at market speed. In the case of a bitcoin change, a person who wants to sell or buy bitcoins urgently can give a market order instead of waiting for the market situation to be triggered to make a profit.mBTC:
The name given to one of the bitcoins. (0.001 BTC).Megahash:
It is the number of possible inference attempts measured in millions of inferences.Microtransaction:
Pay a small amount for an asset or service, online. Due to the heavy commission that micro-transactions contain, it is difficult to realize under traditional payment systems. For example, reading an article online is difficult to pay two cents using a credit card.Mining:
It is the act of using computer hardware to solve encrypted problems, to produce new Bitcoins or subcoins.Mixing Service:
It is the service that mixes your bitcoins with others and returns your bitcoins to you with new inputs and outputs that are different from those you send. The mixing service (also known as the rotary hopper) protects your privacy because it prevents people from sending you a specific bitcoin. It also has a potential to be used for money laundering.Mt. Gox:
The first bitcoin is one of the stock markets and historically the most populous. Now that bankruptcy and Japan are taking the base, Mt. Gox was founded in 2010 by Jed McCaleb.Node:
A computer connected to a BitCoin network by a user connected to the process.Orphan Block:
Invalid block of the chain.Output:
A bitcoin is the destination address for the operation. There can be more than one output for a single operation.P2P:
Homicide. There are at least two network sides connected to each other, which are decentralized interactions. The 'collection and distribution network' is an alternative system in which all participants negotiate with each other through the mediation pointPaper Wallet:
A printed label containing one or more open bitcoin addresses and their corresponding private keys. Often used to store bitcoins securely, it can be easily replaced with software wallets that can be easily broken down or web wallets that can be lost or hacked. It is a useful form of cold bitcoin storage.Pool:
Sum of the inference users in a block inference, and then the prize split between them. Deprecation capital is a useful way to increase your chances of a successful block deduction as the difficulty increases.Pre-mining:
Before the money is published and the details are disclosed to other people who want to withdraw money, a portion of the money is removed by the founder of the Crypto currency. Pre-extraction is a common technique commonly used with scam coin.Private key:
A private key and a secret numeric key required to operate.Proof of Stake:
An alternative to the evidence of work in which a currency's current feeling is used to calculate the amount of money you can deduct.Proof of work:
Calculation is a system that connects power to digging capacity. Blocks must be digested with an easy calculation process. However, an additional variable is added to make the digging process more difficult. When a block is successfully extracted, the extraction should take some time and computational effort. Thus, the inference block is considered proof of work.PSP:
Payment Service Provider. PSP offers payment processing services for merchants who want to accept online payment.Public key:
Expresses the open bitcoin address shared with everyone.Pump and Dump:
Aggressive promotion and generally using misleading expressions to inflate the value of a cheaply produced or acquired financial asset. Promotion forces others to gain assets by forcing the value up. When the value is high enough, it sells assets that raise the price.QR code:
A two-dimensional graph block containing a monochrome pattern representing a data sequence. The QR codes are designed to be scanned by the cameras, including those on mobile phones. It is often used to encode bitcoin addresses.Satoshi Nakamoto:
The name used by the original muciti of the Bitcoin protocol, taken from the project at the end of 2010. The creator of Bitcoin. It is not yet known whether it is a real name or not.Satoshi:
Bitcoin's name is given to one million. (0.0000001 BTC)Scamcoin:
A subcooler produced to earn money for the Creator. Scamcoins usually come up with the intention of collecting investments and withdrawing from the market without any basic idea or purpose.Scrypt:
ASIC is an alternative to the SHA-256 operating system, which is designed to be particularly friendly to CPU and GPU providers while offering advantages over Mines.SHA-256:
SHA, (Secure Hash Algorithm) An algorithm designed for use in the DSA (Digital Signature Standard) developed by the National Security Agency (NSA). There are three versions: SHA-0, SHA-1 and SHA-2. The SHA-0 algorithm, which is related to these versions, was created in 1993, and SHA-1 algorithm was developed in 1995 after 2 years due to security inconvenience. As is the case with cryptography, it is important that algorithms work fast in e-signature applications. For this, the summary is signed, not the grant itself. Bitcoin operations are performed with this protocol.Signature:
A digital summary generated by combining the private and public keys to prove that the Bitcoin process is from a specific place.Silk Road:
It is an underground online market that is often used for illegal shopping, usually with a cryptic currency like Bitcoin. After the arrest of his owner Ross Ulbricht, the Silk Road was closed by the FBI in early October 2013.SPV:
Simplified Payment Verification. It is a feature of the Bitcoin protocol that provides nodes to verify payouts without downloading the full block of the chain. It only needs block headers.Stale:
When a bitcoin block is successfully created, the attempt of others to stop this block can be stopped because that block is now obsolete. This will try to do it again, free of charge, for someone else already doing it. (A pre-made jointly-issued job.) A miner who issues a stalemate can not get paid for that block.Taint:
Analysis of how closely the two addresses are connected when both are a specific bitcoin. Trace analysis is used to determine the number of steps that bitcoins track on their way to the current address, known as stolen money.Terahash (Th / s):
The number of possible surveillance attempts from the measured trillions of providers. (thousands of Gigahashes). It is the highest production power value used in mining.Testnet:
An alternative, neutral tangible cryptographic block of money that is used objectively to test objectives.Tor:
An anonymous management protocol used by people who want to hide their online identities.Transaction Block : A collection of operations on the bitcoin network that can be added to the block chain and packed into a block that can be subsequently retrieved.