Hash
By CoinGecko | Updated on Mar 03, 2020
Term used to refer to ‘summary functions or hash functions’. Technically a hash function is an output code (unique and alphanumeric) that we obtain from an input string, which allows us to know if the original string has been altered. It is produced from algorithm and ensure the input in encrypted.
Related Terms
Byzantine Generals’ Problem
A term used to describe the situation a single strategy which requires consensus from all members within a group who cannot be trusted or verified
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.
Decentralized Finance (DeFi)
Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free.
Cryptocurrency
A form of digital currency that utilizes cryptographic protocols to record ownership and prevent counterfeiting
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