Proof-of-Work (PoW) is a consensus mechanism utilized in blockchain technology. It involves the process of solving computationally intensive puzzles to validate transactions and generate new blocks. This method is distinct from Proof-of-Stake (PoS), which is an alternative approach.
Monthly Archives: November 2023
A Public Sale is the last phase of an Initial Coin Offering (ICO) where a company provides its token to the general public at a notable markdown prior to the token being listed on cryptocurrency exchanges.
A public key is a combination of letters and numbers that is utilized to convert plain text messages into ciphertext through encryption.
A put option provides the owner with the chance, but not the obligation, to purchase an underlying security at a specific price during a specified period.
Proof-of-Burn (PoB) is a blockchain consensus mechanism that aims to enhance energy efficiency when bootstrapping one blockchain to another. It achieves this by verifying that a coin has incurred a cost through the process of “burning,” which involves sending it to an address where it becomes unspendable.
Proof-of-Authority (PoA) is a consensus mechanism employed in blockchain technology that enables swift transaction processing by leveraging identity as a form of stake.
Proof of Attendance Protocol (POAP) is a term used to describe a service provided by a company that utilizes the ERC-721 NFT protocol on the Ethereum blockchain.
When a cryptocurrency experiences a continuous decrease in price over an extended period of time due to increasing selling activity by investors, it is considered to be oversold.
Paper Trading, also known as simulated trading, refers to the act of utilizing a virtual transactional setting to imitate trading activities without the involvement of actual funds.
A physical document that contains your private key or seed phrase is known as a paper wallet. It is a secure way to store your cryptocurrency offline. By keeping your private key or seed phrase on paper, you reduce the risk of it being hacked or stolen online. Paper wallets are often used as a backup or alternative to digital wallets. They provide an extra layer of security for your cryptocurrency holdings. It is important to keep your paper wallet in a safe and secure location to prevent unauthorized access.