Glossary of Terms

Cloud mining is the renting of computing power from a third-party service to mine cryptocurrency without buying and maintaining your own equipment, which lowers the barrier to entry but increases dependence on the provider.

A node is a computer connected to a cryptocurrency network that stores blockchain data and verifies transactions according to the protocol rules, sustaining the operation of a decentralized system without a single center.

Mining is the process of confirming transactions and creating new blocks in the blockchain, for which network participants receive a reward in cryptocurrency in exchange for the computational work of their equipment.

A crowdsale is the public sale of tokens of a new crypto project, during which the team raises funding while participants acquire tokens before they reach the open market, often on more favorable terms.

A cryptocurrency faucet is a service that gives users tiny fractions of cryptocurrency for performing simple actions, for example entering a captcha or viewing ads, and it serves more as a learning tool than as a way to earn money.

In the world of cryptocurrencies, Dashka refers to the Dash cryptocurrency.

Dump refers to the situation when some dishonest cryptocurrency market player artificially reduces the cost of cryptocurrency to the price he/she needs and buys it at a much lower cost.

The Genesis Block is the very first block in the blockchain. The Genesis Block is not even the first block but the zero block. Any cryptocurrency begins to be mined from the zero block, so from the Genesis Block.

In the world of cryptocurrencies BlockChain is kind of electronic journal in which the history of all transactions and operations associated with cryptocurrency is being recorded.

Bitok is an alternative name for the Bitcoin cryptocurrency.