Soft fork

An update to the network’s code that does not disrupt the operation of the previous version of the software and is backward compatible with earlier versions.

Hash Rate

The hash rate is the unit of measurement that allows us to understand the processing power of the #Bitcoin network. In the creation of BTC, each #miner uses different hardware to which a particular computing speed corresponds.
The higher the latter, the faster the miner can send the correct input and mine Bitcoin.

Hash

A hash is a function that meets the encrypted demands required for a #blockchain calculation to be solved.
Because it’s practically hard to guess the length of a hash if someone were trying to crack the blockchain, hashes are of a constant length.

DAO

DAO stands for Decentralized Autonomous Organization. It is a blockchain-based system that enables people to coordinate and govern themselves mediated by a set of self-executing rules deployed on a public #blockchain, and whose governance is decentralized. The use of #smartcontracts is crucial for establishing the basic rules for their operations, which cannot be changed without voting by core community members.

ICO

An ICO, works by offering the public a #blockchain token and/or some other valued utility in exchange for their investment. It usually begins with the creation of a whitepaper explaining the technical details of a #cryptocurrency project.

IPO

The operation of an initial public offering (IPO) is simple. You’ve found a business, grown it to unicorn status, and now want to either sell it or expand it beyond its private confines.

Public Key

The private key is used to digitally sign it. The public key is then created from the private key through a complicated mathematical algorithm. The user’s public key is used to demonstrate that the digital signature was generated using his private key. The funds are transmitted to the recipient’s public address after the transaction has been verified as legitimate.

Private Key

The private key is used to digitally sign it. The public key is then created from the private key through a complicated mathematical algorithm. The user’s public key is used to demonstrate that the digital signature was generated using his private key. The funds are transmitted to the recipient’s public address after the transaction has been verified as legitimate.

Block Time

Block time is the length of time it takes to create a new block in a cryptocurrency #blockchain.
Each #cryptocurrency has its own #block time, Bitcoin Inc. takes roughly 10 minutes to complete, whereas Ethereum takes only 14 seconds.

Ethereum Gas

The idea of #gas was created in order to preserve a separate value layer that only reflects the amount of gas used to cover computational costs on the Ethereum network. Having a separate unit for this purpose provides for a clear difference between the #cryptocurrency’s true value (ETH) and the computational cost of running Ethereum’s virtual machine (EVM).