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Hybrid PoS/PoW

Posted in July 5, 2023 by

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A consensus protocol that combines the principles of both Proof of Stake and Proof of Work algorithms.

Haskell

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A coding language utilized in the creation of various cryptocurrencies, including Cardano and Nanocoin.

Github

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An open-source platform enabling developers to create, collaborate on, and share computer code with an expansive community.

Block GPU 

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A Graphics Processing Unit, a piece of hardware capable of mining specific cryptocurrencies.

Gas

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A charge required to carry out transactions within the network.

Free Society

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A proposed society where every action is voluntary, and nobody is compelled to do anything against their will.

Fintech

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Financial technology, or FinTech, represents the innovative technologies aimed at enhancing the utilization and provision of financial services.

Fundamental Analysis

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The study of economic and political influences that impact the fundamental worth of an asset.

Forging Reward

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A quantity of coins rewarded to participants involved in the PoS consensus mechanism.

Frictionless

Posted in July 5, 2023 by

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A phrase referring to the capability of cryptocurrencies to eliminate various complications and inefficiencies commonly found in other payment transfer methods.