What is Proof-of-Storage in cryptocurrencies?
Proof-of-Storage is a mechanism in which participants provide disk space for shared data, and the network confirms that the files are indeed reliably stored.
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What is Proof of Service in cryptocurrencies?
Proof of Service is a mechanism in which nodes perform useful functions for the network and receive a reward for this, provided they hold a fixed collateral of coins.
What is a road map in cryptocurrencies?
A road map is a public development plan of a crypto project that describes, stage by stage, the goals, key milestones, and approximate timelines for achieving them. It helps to assess a project's direction and maturity.
What is Delegated Proof of Stake (DPoS) in cryptocurrencies?
Delegated Proof of Stake is a consensus algorithm in which coin holders vote to choose a limited number of trusted nodes that create blocks on behalf of the entire network.
What is ECDSA (Elliptic Curve Digital Signature Algorithm) in cryptocurrencies?
ECDSA is a digital signature algorithm based on elliptic curves that allows the owner of a private key to confirm the right to dispose of coins. It is precisely what protects transactions in Bitcoin and many other networks.
What is an orphan block in a blockchain?
An orphan block is a correctly or incorrectly formed block that the network ultimately rejected and did not include in the main chain. It does not make it into the blockchain's overall transaction history.
What is KYC/AML (Know Your Customer / Anti-Money Laundering)?
KYC/AML is a set of rules under which exchanges and exchange services are obliged to identify customers and counter money laundering. Usually the procedure includes verifying identity by documents.
What is the Bitcoin Price Index (BPI)?
The Bitcoin Price Index (BPI) is an averaged indicator of the value of bitcoin, calculated from the data of several major exchanges. It helps to assess the market price without being tied to a single venue.
What is an output in a Bitcoin transaction?
An output is the part of a Bitcoin transaction that sets the recipient's address and the transfer amount. A single transaction can have several outputs at once: for different recipients and to return change to the sender.
What is an OTC exchange in cryptocurrencies?
An OTC exchange is a venue where participants make deals directly with one another, without placing orders in the shared order book of a centralized exchange. The format is in demand for large volumes.
