51% Attack

In theory, the blockchain of a cryptocurrency could be disrupted if an individual or, more likely a group of individuals control 51% of the network. This is very unlikely as the resources, coordination and finances required for it to happen are almost impossible to...

Address

Also referred to as a public key. An address is a string of letters and numbers corresponding to a bitcoin wallet, this is where bitcoins are sent to when a transaction is made. However, to access the bitcoins received, a private key is required, which is an address...

Airdrop

A method of cryptocurrency distribution amongst a population. This was first attempted in early 2014 with Auroracoin.

Algorithm

Is a procedure or mathematical formula that a computer follows to solve a problem. For example, a search engine algorithm follows a procedure where it takes search strings of keywords and operators as input and then searches a database associated with it so that it...

Altcoin

The term altcoin refers to every digital currency that is not Bitcoin, hence the name “alternative coin”. For the most part, they’re rarely too different from Bitcoin in order to be too relevant, but that’s not to say that there aren’t some altcoins that prove to be...