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Ripple

A competing/complimentary currency and network to Bitcoin. Ripple is based on a principle of multiple IOUs being exchanged as a way for value to be exchanged between unknown parties. The…

Seed Phrase

Instead of backing up each private key in a Bitcoin wallet, a seed phrase (or mnemonic phrase) can be used to generate infinite random addresses. Only the phrase is needed…

Orphan

When two blocks are found at the same time, only one of them can be valid. The invalid one will be orphaned, as successive blocks are not built upon it.…

Dogecoin

Dogecoin is a cryptocurrency featuring a Shiba Inu dog from the famous “Doge” internet meme. This is one of the top altcoins.

Pool

As part of bitcoin mining, mining “pools” are a network of miners that work together to mine a block, then split the block reward among the pool miners. Mining pools…

Whitelist

A Whitelist is the list of registered and/or preapproved participants in an ICO or pre-sale.

Whale

Someone that owns absurd amounts of crypto-currency/money and can single-handedly influence the price of the currency on the market. In some cryptocurrencies whales are highly disliked because their controlling influence…

Wallet

A Wallet in cryptocurrency is the software or hardware used to store the private keys. It also allows for sending and receiving cryptocurrencies, and in many cases has functions to…

Trezor

The original cryptocurrency hardware wallet. Competes with the Ledger Nano S for the title of most popular hardware wallet.

Total Coin Supply

For many cryptocurrencies, there is a limit on the total number of coins that will ever come into existence, for example, Bitcoin’s total supply is capped at 21 million coins.…

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