A To Z Glossary Of Blockchain Terms: From Basics To Advanced

Blockchain, Blockchain Glossary

Blockchain has emerged as one of the most important technologies in the last few years. It is being embraced by all fields including medical, fintech, and education.

As the technology is becoming more popular, new terms and lexicons enter continuously, expanding its universe.

This Ebook on Blockchain Glossary covers all the important terms related to blockchain and Bitcoin. The terms have been explained in a simple and lucid manner.

The Glossary, arranged in alphabetical order, covers all the terms, concepts, protocols, tools, and lots more. After completing this Ebook, you will have all the information to become a blockchain pro.

The core concepts of blockchain have been simplified so that it becomes your one-stop source to understand the technology.

Some Of The Terms Covered In This EBook

Active Management

It is where human capital is used to manage the portfolio of funds. Normally, managers in charge of active management rely fully on personal judgment, forecasts, and analytical research to decide the type of securities to purchase, hold or sell. Those investors that don’t use the efficient market hypothesis always believe in active management.

Investors believe that there are inefficiencies in markets that make the market prices not be correct. Thus, it is easier to make a profit in the stock market by identifying those securities that are mispriced and coming up with a strategy to take advantage of them. Active management aims to generate good returns than that of a benchmark(market index).

Investors use the stock index to measure the stock market and compare the current prices with previous prices, which helps to calculate the market performance. Unfortunately, many active managers are not able to outperform passively managed funds. Moreover, the actively managed funds usually charge high fees than the passively managed funds.

Altcoin

Altcoin is a cryptocurrency, just like Bitcoin. Bitcoin and Altcoin share some characteristics, but they are different in some ways. Altcoin differs from Bitcoin in terms of coin-distribution techniques, mining mechanisms, and the ability to design decentralized applications. Even though Bitcoin is highly influential and innovative, it has few issues being fixed by the developers. Altcoin makes faster transactions, is less volatile, and is more private.

Bitcoin

This is a type of digital cryptocurrency. Ideally, it acts as a US dollar or Japanese yen, but it doesn’t link itself to any central bank, and a government body like the treasury does not regulate it. Its transactions normally take place online and provide a certain degree of anonymity to its users. The users are securely recorded in a ledger known as a blockchain. Normally, bitcoin users do buy the bitcoins and can store them digitally in a cryptocurrency wallet.

Cryptocurrency

This is a virtual or a digital currency which is usually secured by cryptography.

This, in turn, makes it almost impossible for a counterfeit to happen. Most of the cryptocurrencies are usually decentralized networks that are based on
blockchain technology.

The disparate networks of computers always enforce this type of a distributed ledger. The defining cryptocurrency feature is generally unique and not issued by any central authorities, making them theoretically immune to government manipulation or interference.

GitHub

At Github’s heart is Git, an open-source project started by Linus Torvalds, the creator of Linux. A trainer at Github, called Matthew McCullough, explains that Git manages and controls systems and stores revision of projects just like other versions. Even though it is mostly for code purposes, McCullough claims that Git can control the type of file, like Word documents or Final Cut projects. The Git repository uploaded to GitHub is accessible through the Git CLI and Git Commands. Github offers a Web-based graphical interface.

Jager

One Jagger is a small unit of the BNB. For instance, one Satoshi is the smaller unit of Galcon. Many cryptocurrencies can only be divisible up to some decimals.

Non-Fungible Tokens

Also, know as NFTs, they contain identifying data recorded in their smart contracts. This data makes each of the NFTs different. Thus, they can’t be directly replaced by any other token.

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I am Shweta Bhatnagar. I work as a freelance writer on Lifestyle, Entertainment, Humor, Women, Foods, Travel, Technology and Politics.