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Pre-Mining

This is when a coin founder mines a coin before allowing others to do so. With Bitcoin and most altcoins, it is necessary to pre-mine a bit in order to…

Pre-Sale

A pre-sale is the sale of cryptocurrencies prior to the launch of the actual ICO. Pre-sale tokens are typically made available to developers, marketing firms, and high net-worth individuals or…

Price Bubble

An economic cycle in which the price of a security or asset will surge unsustainably, despite a lack of support by fundamentals, and usually driven by investor exuberance. This is…

Private Key

A private key is simply a number, picked at random. The private key is used to create signatures that are required to spend Bitcoins by proving ownership of funds used…

Proof of Burn

Proof of burn is a method for distributed consensus and an alternative to Proof of Work and Proof of Stake. The proof of burn consensus method requires another cryptocurrency, usually…

Proof of Existence

Proof of Existence is an online service that verifies the existence of computer files as of a specific time via timestamped transactions in the bitcoin blockchain. It is consider to…

Proof of Stake (PoS)

Proof of Stake (PoS) is a category of consensus algorithms for public blockchains that depend on a validator’s economic stake in the network. In other words, miners get greater rewards…

Proof of Work (PoW)

Proof-of-work is the current consensus algorithm used by Bitcoin, Ethereum, and many other cryptocurrencies. A proof of work is a piece of data which is difficult (costly, time-consuming) to produce…

Protocol

The Bitcoin protocol is the set of rules that govern what makes a valid transaction block, as well as how nodes communicate with each other. Some parts of the protocol…

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