Understanding Crypto Words E-I
Ethereum—a cryptocurrency which was first blockchain technology to create smart contracts and decentralized applications; runs on Ether (ETH).
Exchange—platforms worldwide online where one can buy and sell cryptocurrencies and Bitcoin.
Encryption—data that is unrecognizable code which is decoded by an exact decryption key.
Ether (ETH)—tokens on the Ethereum platform which is required to create smart contracts or to send transactions.
Escrow—a third party which helps enable transactions for security reasons; often done with banks and real estate purchases.
Ephemeral Layer—QRL secure messaging functionality.
Faucet—a site that makes money with advertising and sends small amounts of cryptocurrency occasionally.
Founders Reward—block reward percentage paid to founders of cryptocurrencies. Examp: Zcash.
Fork—a determined change in the original software code.
Soft Fork—change in software that doesn’t make it incompatible with the original software.
Hard Fork—change in software which makes it incompatible with the original software. (Such as increasing the block size in the protocol.)
Frictionless—when transferring payments with cryptos, the inefficiencies are removed as compared to centralized banking methods.
Fintech—new methods and technologies to improve financial services delivery.
Free Society—where all actions are what one wishes in the societal environment.
Fungibility—all units of a money supply are equal.
Forging Reward—coins paid to Pos consensus users.
Fundamental Analysis—analysis of political and economic factors that affect the intrinsic value of an asset.
Fiat—means “by decree;” currency issued by governments.
Github—where developers create and share code with a community.
Gas—in order to execute network transactions a fee must be paid.
Genesis Block—first block mined on a blockchain.
Halving—Every 4 years the block reward obtained by miners is cut by 50%.
Hard Cap—maximum money a crypto’s founder will accept while raising money in exchange for early coins on their platform.
Hardware Wallet—a physical wallet; device that stores private keys; an example of a hardware wallet is a Trezor.
Hash—the output from the algorithm in order for the blockchain to maintain consensus.
Hash Graph—consensus alternative to blockchain.
Hash Rate—in relation to mining; the number of hashes performed over a specific time.
Hashing Power—the power of a mining machine.
Hedging—protecting one’s assets from any sort of risk.
Hodl—(Hodler)—to hold onto cryptocurrencies and Bitcoin; a crypto person who holds on to coins; also: hold on for dear life.
Hot Wallet—online wallet for storing cryptocurrencies and Bitcoin.
Hybrid PoS/PoW—Proof of Stake and Proof of Work algorithms with consensus.
Illiquidity—due to lack of buyers or sellers an asset has trouble selling their asset.
Immutable Ledger—where the blockchain ledger cannot be changed after recorded.
Incoming Connection—nodes requesting information from each other.
Inflation—the printing of money; inflation supply (Crypto inflation is very defined, it is nominal.)
Input—created when coins are sent to an address.
