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Proof of Work (PoW)

Proof of Work (PoW) is an algorithm that rewards the first person that solves a computational problem (mining) to achieve distributed consensus.

Posted byWinstone MarketJuly 20, 2020Posted inForex GlossaryLeave a comment on Proof of Work (PoW)

Wallet

A way of storing your cryptocurrency.

Posted byWinstone MarketJuly 20, 2020Posted inForex GlossaryLeave a comment on Wallet

Proof of Stake (PoS)

Proof of Stake (PoS) is an algorithm by which a cryptocurrency’s blockchain aims to achieve distributed consensus.

Posted byWinstone MarketJuly 20, 2020Posted inForex GlossaryLeave a comment on Proof of Stake (PoS)

Turnover

Total value of money of all executed transactions in a given time period.

Posted byWinstone MarketJuly 20, 2020Posted inForex GlossaryLeave a comment on Turnover

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