Cryptocurrency Wiki

What Are Altcoins?
With the tremendous success of Bitcoin, a great many altcoins rapidly followed as alternative digital currencies available for investment and trading using blockchain technology similar to Bitcoin. One prime example of this trend is Namecoin.Launched...

What Is Auroracoin?
Launched in February 2014, Auroracoin(AUR) is a digital alternative currency which can be used in place of the Icelandic Króna and/or the alt-currency Bitcoin. It was initially launched by a shadowy, unknown creator (or perhaps group, as their...

What Is Central Ledger?
A central ledger (sometimes referred to as a “general ledger”) functions as a centralized record keeping repository of a company’s transactions including: revenues, expenses, equity, assets and liabilities, et al. With modern Enterp...

What Is Cloud Mining?
The real future success of cryptocurrencies very clearly revolves around cloud mining. Of course, trading in traditional currencies has recently been overtaken by the emergence of “altcoin” trading—Ethereum, Monero, Bitcoin, et al&m...

What Is Cloud Mining GPU?
In a tech nutshell, “cloud mining” is a reliable means of simply accessing computing power from large, remote cloud data centers. These remote centers utilize their own mining hardware (ASIC or GPU) to mine cryptocurrencies like Ethereum,...

What Is Cloud Mining Profitability?
Way back in 2013 mining Bitcoin for the comforts of home with a simple CPU allowed for reasonable profits with very modest efforts employed. Given the current state of the cryptocurrency market, however, crypto traders everywhere perhaps now realize ...

What Is Cloud Mining Farm?
The simple answer is that cloud mining farms are essentially cloud data centers, technically and specifically designed to mine cryptocurrency altcoins like- Monero, Ethereum, Bitcoin, Bitcoin Cash, Litecoin, et al. Typical cloud mining farms are...

What Is Mining Pool?
The most direct definition of mining pool in regard to trading/transactions involving digital currency mining, we’re referring to the necessary computer power and resource pooling contributed by “miners” who cooperatively share PC p...

What is Vertcoin?
Vertcoin is a cryptocurrency people can use to transfer funds between one other online, and it’s owned by these users only. This means there’s no third-party interference at any point in the process, nor is it controlled or managed by the...

What is Transactions as Proof of Stake (TaPoS)?
The standard process for utilizing blockchain to verify and safeguard cryptocurrency produced in a PoW (Proof of Work) mining system involves combatting attacks on the processor network (such as the well-known 51% type). This particular form of atta...

What is Zcash Block Explorer?
So, what exactly is a “Zcash Block Explorer”? It’s a little simpler than it might seem at first. Zcash Block Explorer is a visual representation of Zcash tokens being passed between the network’s various nodes. Using the Zcas...

What is Zcash Block?
On average, Zcash block time stands at 150 seconds (two and a half minutes), and 12.5 coins may be mined for each Zcash block. But actually, Zcash is unique in that it halves the creation rate of its coins every four years (when an amount of 840,000 ...

What is Zcash CPU Mining?
What does “Zcash CPU mining” mean? This is the process through which a computer’s CPU (central processing unit) is utilized to mine Zcash. This all reaches back to the creation of cryptocurrencies. The market’s formation was ...

What is IOTA?
IOTA is a popular cryptocurrency leveraging the latest technologies. The name is an acronym of Internet of Things Applications, which combines blockchain, IoT technology, and cryptocurrency. Furthermore, IOTA is based on the Tangle ledger, and is id...

What is Ubiq?
Ubiq (AKA UBQ) is known as an open-source platform distributed publicly, offering valuable scripting capabilities. The Ubiq network is designed to provide users with a blockchain for the hosting of Ethereum Virtual Machine, and implements a virtual m...

What is ASIC Zcash Miner?
There are more than 1,300 cryptocurrencies available at present, and Zcash is one of the only non-premium ones out there. As with all other cryptocurrencies, Zcash also incorporates a blockchain, a decentralized payment method with no management from...

What is Verge?
Verge is a cryptocurrency intended to be utilized on a daily basis, and it’s actually driving improvements in Bitcoin’s blockchain to benefit companies and miners alike. How? By giving them a decentralized, quick method of transferring pa...

What is a Transaction Block?
Transactions are a part of any database system. The core concept of a transaction is combining multiple steps to form a single operation. But let’s be clear: those steps are invisible to concurrently-occurring transactions. If a failure strikes...

What is Zcash Block Reward?
Zcash was launched in 2008, and since then the cryptocurrency market has grown massively, with more than 1,300 in operation so far. The sheer range of cryptocurrencies is a testament to the colossal popularity of blockchains and, crucially, block rew...

What is Zcash Cloud Mining?
For cryptocurrency users looking to make money from mining, there are various options to consider before you dive in. You could invest in the expensive hardware required for effective cryptocurrency mining, such as a rig incorporating a number of GP...

What is ASIC Dash Miner?
The Acronym ‘ASIC’ stands for Application Specific Integrated Circuit, and it’s one that has been designed to be used to do one task extremely well. Recently, ASIC chips have been used for crypto currency mining, simply because they...

What is ASIC Litecoin Miner?
ASIC is short for Application-Specific Integrated Circuit, and what that translates to is a dedicated machine for computing specific tasks very efficiently and effectively. ASICs have naturally been put to use in Cryptocurrency mining, so it was only...

What is ASIC Mining?
In modern parlance, we are now all ‘connected’, not just via cell phones and iPads, but increasingly even through previously ‘dumb’ devices like domestic appliances. Some countries have even now taken the view that internet co...

What is ASIC?
ASIC is an acronym and it stands for Application-Specific Integrated Circuits. It is used to refer to a type of integrated circuit that is dedicated to a specific function. ASIC chips can be put to use in all kinds of applications, such as cellular p...

What is Block Explorer?
Block explorer lets cryptocurrency operators see information about blocks, addresses, and other information about transactions within the bitcoin blockchain. The web-based block explorer is open source and the mass of information it offers can look l...

What is Block?
Bitcoin is a digital currency which means that it works as a form of online digital payment system. It’s based on something called a block chain which is a permanent public ledger that records every transaction that occurs in the currency, so i...

What is Cryptography?
Cryptography is the name of a process that allows data to be stored in a coded form. Once this is done it can only be read or processed by select individuals who have the cryptographic key required. This makes it perfect for securing and keeping data...

What is Dash Block?
A Dash block is simply a block in the Dash open source cryptocurrency blockchain that permits untraceable transactions. The Dash altcoin is a fork of the Bitcoin protocol, but it’s also a decentralised autonomous organisation run by a subset of...

What is Dash Blockchain?
The Dash blockchain works just the same as other cryptocurrency blockchains do. Transactions are recorded in blocks and added to the chain, with the whole thing acting as a decentralized public ledger. But unlike many other cryptocurrencies Dash also...

What is Dash Cloud Mining?
Cloud computing has found its way into many applications and proved its worth, so it was only a matter of time before Dash cloud mining became a tangible option. The beauty of Dash cloud computing is that the shared processing power of remotely manag...

What is Dash Coin Algorithm?
The name of the Dash coin algorithm is X11 and it’s a modified proof of stake algorithm (in contrast to bitcoin’s proof of work algorithm) that underpins this cryptocurrency and enables it to guarantee anonymous transactions and faster pa...

What is Dash Coin Block Size?
The Dash Coin Block Size is 2MB at the moment but there have been plenty of calls to increase that in the recent past, and we’ve seen this kind of thing before of course. A similar kind of debate about increasing block size arose within the Bit...

What is Ethereum Cloud Mining?
Ethereum Cloud Mining is difficult because Ethereum isn’t easy to mine. A typical PC will struggle because there are a fair few steps to go through, and then there’s the learning factor of setting up your own dedicated mining rig. So, if ...

What is Ethereum CPU Mining?
Ethereum CPU Mining has taken off because Ethereum (and its coin Ether) has become popular. It’s a relative newcomer to the crypto market, but unlike its predecessor Bitcoin, Ethereum’s blockchain platform has been more geared towards mai...

What Is Ethereum Mining Pool?
An Ethereum mining pool is a group of individual miners who come together, pooling their resources, (hence the name), to produce the Ethereum cryptocurrency. The combined hashing power of all their machines in the Ethereum mining pool is better at ge...

What is GPU Mining?
If you had told people in 2008 that their home computers would soon be able to contribute to climate change research, play mind-bendingly complicated 3D games, and also turn a profit then few people would have been convinced. But computers have moved...

What is Hash Rate?
Hash rate is a measure of how well a miner is performing, or another way of putting it is how quickly a miner solves the Bitcoin code to confirm the existence of a new coin. Back in 2014, mining performance was expressed in billions of hashes/s. The...

What is Hash?
The hash function is means a function that can be used to map data of a random size to data of a fixed size. That’s what it means when you hear people referring to “hashes”, “hash value” or “hash codes.” A ha...

What is Litecoin Blockchain?
To fulfil a Litecoin transaction the digital open ledger that is the blockchain is involved. In this literal chain of blocks all the transactions that occur from moment to moment are recorded in them chronologically. The Litecoin Blockchain is mainta...

What is Litecoin Mining?
Litecoin mining relies on dedicated computers and hardware and offers a secure network. Litecoin mining verifies transactions and rewards miners, but Litecoin mining isn’t as well developed as that of Bitcoin. Bitcoin can be mined using dedicat...

What is a Proof of Stake?
The Proof of Stake concept began life as an alternative to the Proof-of-Work approach. It says that anyone can “mine” block transactions according to how many coins they possess. This means that a miner who possesses more Bitcoins has gre...

What is a Litecoin Block?
Litecoin was created by Charles Lee, a former Google employee and MIT graduate on October 7, 2011. Bitcoin had already been around for a couple of years and one of the major limitations of the new cryptocurrency was the fact that it took up to 10 min...

What is Litecoin cloud mining?
Cloud mining is ideal for people who want to earn from mining cryptocurrencies but who don’t feel technically adept enough to manage the software and hardware needed to do it. With Litecoin cloud mining you can mine the currency without the nee...

What is Litecoin Pool?
Cloud mining is ideal for people who want to earn from mining cryptocurrencies but who don’t feel technically adept enough to manage the software and hardware needed to do it. With Litecoin cloud mining you can mine the currency without the nee...

What is Mining RIG?
“Mining rig” is a term that is used to describe computers that are dedicated to producing cryptocurrencies like bitcoin. Some mining rigs were created especially for the purpose, while some may have been put together using components that...

What is Mining?
If you hear the word “mining” being used in the same breath as Bitcoin, then it’s talking about the production of coins in this modern digital currency. All Bitcoin transactions are recorded in “blocks” that make up the ...

What is Monero Cloud Mining?
Monero is one of many cryptocurrencies on the market today. Monero is safe, secure and can’t be traced, so the transactions that it’s used for will be as anonymous as if you were using cash. As with any other cryptocurrencies, Monero has...

What is Multibit?
Multibit is a fast and easy-to-use bitcoin wallet that’s lightweight and works with all three major operating systems—Windows, Linux, and Mac Os. It also supports different languages and is ideal for users who aren’t very technicall...

What is Namecoin?
Namecoin is a Bitcoin fork and the similarities between the two are clear. It also uses the tried and tested Proof-of-Work algorithm and it also shares Bitcoin’s fixed limit of 21 million total coins. Namecoin (NMC) stores its transaction data ...

What is Orphan Block?
An orphan or detached block is a valid block but it’s one that isn’t part of the blockchain. Such blocks are produced when more than one miner puts a block on the blockchain in the same moment. Orphan blocks can also be produced when hack...

What is POI?
POI is an abbreviation for Proof of Importance and it’s another algorithm involved with cryptocurrency, most notably a currency called NEM. POI is important for monitoring the cryptocurrency’s ecosystem. It records the times of transactio...

What is Private Currency?
A private currency is a form of money that’s been issued by a private institution of one sort or another. This could either be a commercial business organization, a private individual or a non-commercial, nonprofit enterprise. Private currency ...

What is Proof of Work (PoW)?
Bitcoin mining rests squarely on the shoulders of the Proof-of-Work algorithm, which stipulates that miners must solve a complex mathematical problem to verify transactions before they’re added to the blockchain. Once this is completed the mine...

What is Ripple Mining?
Unfortunately, Ripple mining is not something that can be done anymore. The currency was created in its entirety at the start, so Ripple mining is now only something that can be done by its creators. Despite that, it’s still very popular. It&r...

What is Rubycoin?
Rubycoin (RBY) is a cryptocurrency that can be used to send value around the world in an instant. It uses a P2P decentralized network, so it’s truly independent of any governmental or business influences. It uses blockchain technology to perfo...

What is Scamcoin?
The term “scamcoin” means a currency that is only there to enrich the people who created it by making anyone who holds it poor. When a new coin enters the market, there will always be those who label it as a scamcoin on public forums, thi...

What is Scrypt?
In cryptography, Scrypt is the name of password-based key functions made for Tarsnap online by Colin Percival. The algorithm was made to deter large-scale hardware attacks by making them prohibitively expensive. A massive amount of memory would be re...

What is SHA 256?
SHA is a Cryptographic Language whose initials stand for “Secure Hash Algorithm”. It was originally designed by the United States National Security Agency. The initial SHA was known as SHA-1 and it produces a standard 160-bit or 20-byte h...

What is Siacoin?
Siacoin is a cryptocurrency, produced by computers solving complicated algorithms. Its developers also came up with the idea of sharing vacant hard drive space using a similar decentralized approach as the blockchain that underpins the cryptocurrency...

What is SwiftCoin?
SwiftCoin was released in 2011 by Team Daniel Bruno. It’s an open-source digital cryptocurrency that uses blockchain and peer-to-peer technology, just like Bitcoin. It also employs the same SHA-256 hashing algorithm and the technology is also u...