Glossary
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Blockchain Protocol
What Is A Blockchain Protocol? A protocol is a system of rules that allows two or more entities of a communications system to transmit information. Some internet…
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Nodes
What Are Nodes? Nodes are responsible for acting as a point of redistribution or a communication point. In the essence of a…
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Memory Pool (Mempool)
What Is A Memory Pool (Mempool)? A memory pool, or mempool, is the “waiting room” where unconfirmed transactions are held before they’ve…
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Number Only Used Once (Nonce) Definition
A cryptographic nonce is an abbreviation for “number only used once”. In reference to cryptocurrency mining, it is a number added to a hashed…
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Cryptocurrency Mining
What Is Cryptocurrency Mining? Cryptocurrency mining is how new transactions are validated on a blockchain’s public ledger. Validating transactions results in a…
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Mining Hashrate Explained
A mining hashrate is the amount of processing power a miner or network has to process transactions onto a blockchains ledger. The…
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51% Attack Definition
A 51% attack is a potential attack where a person or group gains a majority of a blockchains hashing power to control…
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Brute-Force Attack
A Brute-Force attack, also known as exhaustive key search, is a hack using complex algorithms attempting to crack a password or key…
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SHA-256
What Is SHA-256? Securing Hashing Algorithm 256 (SHA-256) is the hashing algorithm used to secure blockchains such as Bitcoin, where the hashing…
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Satoshi Unit (SATS) Definition
A Satoshi Unit, or SATS, is currently the smallest denomination of Bitcoin (BTC), named after the pseudonymous creator of Bitcoin, Satoshi Nakamoto.…