#crypto glossary Page 6

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Proof-of-work

Proof-of-work

Proof-of-work is a blockchain consensus system where miners solve cryptographic puzzles to validate transactions and secure the network.

Proof-of-stake

Proof-of-stake

Proof-of-stake is a blockchain consensus method where validators are selected based on staked tokens to secure the network.

Market Cap

Market Cap

Market capitalization is the total value of a cryptocurrency’s circulating supply, reflecting its overall market size.

Hash Rate

Hash Rate

Hash rate measures the total computing power used to secure a proof-of-work blockchain and process transactions.

Ledger

Ledger

A ledger is a distributed record that tracks cryptocurrency transactions and balances on a blockchain network.

Halving

Halving

Halving is an event where a blockchain protocol reduces the block reward by half to control new coin issuance.

Fork

Fork

A fork is a change to a blockchain protocol that alters network rules and can result in a split or upgrade.

Cryptography

Cryptography

Cryptography is the use of mathematical methods to secure blockchain data, transactions, and digital asset ownership.

Block Reward

Block Reward

A block reward is the cryptocurrency incentive earned for creating or validating a new block on a blockchain network.

Bear Market

Bear Market

A bear market is a period in crypto characterized by sustained price declines and negative market sentiment.

Bull Market

Bull Market

A bull market is a period in crypto when asset prices rise consistently due to strong demand and positive market sentiment.

Beacon Chain

Beacon Chain

The Beacon Chain is Ethereum’s proof-of-stake blockchain that manages validators and coordinates network consensus.

Asset

Asset

In crypto, assets are digital tokens or coins that represent value and can be traded, owned, or used on blockchain networks.

Token Standard

Token Standard

A token standard is a set of rules defining how a cryptocurrency token is created, managed, and interacts with blockchain applications.