(noun): A digital cryptocurrency that is an alternative to Bitcoin or other mainstream cryptocurrencies.
Example: “Ethereum is one of the most popular altcoins in the market.”
(noun): A set of rules and protocols that allows different software applications to communicate with each other.
Example: “The social media platform provides an API that developers can use to integrate their apps with its features.”
(noun): The distribution of free cryptocurrency tokens to a large number of wallet addresses.
Example: “The project conducted an airdrop, giving away 100 tokens to each participant.”
(noun): The state of being anonymous or unidentified.
Example: “The privacy-focused cryptocurrency aims to provide users with a high level of anonymity during transactions.”
(noun): A set of step-by-step instructions or rules followed by a computer or system to solve a specific problem or accomplish a task.
Example: “The encryption algorithm ensures the security of data transmitted over the internet.”
(noun): The process of verifying the identity or legitimacy of a user or entity trying to access a system or platform.
Example: “The two-factor authentication requires users to provide both a password and a unique verification code to log in.”
(noun): The process of representing real-world assets, such as real estate or artwork, as digital tokens on a blockchain.
Example: “Through asset tokenization, investors can buy fractional ownership of a property using digital tokens.”
(noun): The top layer in the network protocol stack that deals with application-level communication between software applications.
Example: “The application layer protocols, such as HTTP and SMTP, facilitate data exchange between web browsers and servers.”
(noun): A unique identifier used to represent a location or destination in a computer network or blockchain system.
Example: “Each Bitcoin wallet is associated with a unique address where transactions can be sent.”
(noun): A specialized computer chip designed to perform specific tasks efficiently, often used for mining cryptocurrencies.
Example: “Miners use ASICs to mine Bitcoin more effectively than general-purpose computer processors.