Mining
By | Updated on Mar 03, 2020
It is the process of the miners verify and adding transaction recors into a block. The miner who successfully do the mining will be rewarded with a coin. The verification process typically requires the miner to use a specific hardware to mine and connected to the internet.
Related Terms
Derivatives Market
A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.
Pump and Dump Scheme
A market manipulation method to drive up the price of an asset before profiting by driving it back down.
Degen
Cryptotrading without Due Diligence and research - basically gambling
Transactions Per Second (TPS)
It is number of transactions done per second. For example, there are 10 transactions of Bitcoin done in 1-minute. The TPS would be 10 transactions/60 seconds = ~0.17 TPS.
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