51% Attack

by | Dec 28, 2017

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...

Address

by | Dec 28, 2017

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....

Airdrop

by | Dec 28, 2017

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

Algorithm

by | Dec 28, 2017

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...

Altcoin

by | Dec 28, 2017

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...