ASIC (Application Specific Integrated Circuit)ĪSICs are silicon chips designed to do a specific task. APIs define methods of communication between various components.
API (Application Programming Interface)Ī software intermediary that allows two separate applications to communicate with one another. These rules and laws are applied to cryptocurrencies with varying effects in different jurisdictions.
AML (Anti-Money Laundering)Ī set of international laws enacted to diminish the potential for criminal organizations or individuals to launder money. Many altcoins are forks of Bitcoin with minor changes (e.g., Litecoin). altcoinĪny digital currency alternative to Bitcoin.
Sometimes airdrops are used for marketing purposes in exchange for simple tasks like reshares, referrals, or app downloads. airdropĪ token distribution method used to send cryptocurrency or tokens to wallet addresses. For example: 0x06A85356DCb5b307096726FB86A78c59D38e08ee air-gappingĪ method for securing computers in which the device does not connect to the internet or any other open networks. An address is an alphanumeric character string, which can also be represented as a scannable QR code. Used to send and receive transactions on a blockchain network. For additional security, you can use a password to encrypt your private key which would result in a username (public) and password (private) and password for that password (private + more secure). Just like your Reddit account has a username (public) and password (private), so does your Ethereum account–the difference being that you are the custodian of your Ethereum keys, while Reddit holds your login information for their site. Your funds are actually stored on the blockchain, not in the wallet or account. A public and private keypair that “holds” your funds.