Drp utility bitcointalk

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Bitcoin Network The first blockchain-based peer-to-peer protocol that allows its users to store and transfer wealth. Bitcoin The first blockchain-based cryptocurrency, launched in Bitcoin remains the most influential and widely recognized coin. Cold Storage In the cryptocurrency sphere this term refers to storing cryptocurrency in a location that is offline and thus inaccessible by anyone on the internet.


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Change Address Addresses created to hold the remaining balance when users spend less than a full input. Mostly used in hierarchical deterministic wallets that can create an unlimited number of addresses. Circulating Supply The volume of coins being held and spent at a given time for a given cryptocurrency. Cloud Computing The usage of remote servers rather than personal computers to store, manage, and process data.

Cryptocurrency Digital currency that uses cryptography. Coin Control An aspect of the Bitcoin Core wallet that allows users to specify which coins they wish to spend and which Change Addresses any remaining balance will be sent to. Central Ledger An irreversible list of all transactions that have ever occurred on a platform.

Coinbase Exchange The first exchange that allowed individuals to buy and sell cryptocurrencies. Cryptographic Hash Function A method of encoding inputs to create unique outputs, especially for creating digital fingerprints. Cold Wallet An offline wallet for holding cryptocurrencies. Considered more secure than hot wallets. After an individual sends payment on a blockchain, confirmations are required before the recipient can accept payment.

Coin A cryptocurrency that relies solely on its own technology to function. Consensus A general agreement among participants using and mining a cryptocurrency. Collateral An asset, of any kind, that a lender will accept to secure a loan. Cypherpunks Advocates of using strong encryption to evade government spying.

Cypherpunks were heavily involved in the early development of Bitcoin. This Manifesto was a big influence on many early cryptocurrency enthusiasts. Casascius Coins No longer in production, these were physical coins created by Mike Caldwell that have private Bitcoin keys.

Digital Asset Any non-physical object of value, like a document, an audio file, or a logo, that can be owned and controlled. Digital Identity A set of data used to represent an entity on a network or on the Internet. Decentralized Identity Foundation DIF A group of businesses and organizations working together to build a globally-accepted identity verification system. Not many new blockchain projects are experimenting with it. Decentralized Distributed amongst its users rather than controlled by one group or within one certain area. Darksend An aspect of the Darkcoin crpytocurrency that allows users to make anonymous transactions.

Distributed Autonomous Company An organization that operates to earn profits for its shareholders coin holders by creating value for the free market. Distributed Network Uses nodes spread out across many different locations to achieve decentralization. A collection or portfolio of assorted cryptocurrencies. Deepweb Parts of the Internet that are not accessible through ordinary means, like search engines. The DRP keeps reserves of cryptocurrencies and establishes rates of exchange between them, allowing any user to easily trade one crypto for another.

Double Spend A famous problem that occurs when cryptocurrency is spent more than once. Miners and transaction finality ensure that double-spend cannot occur. An organization governed by smart contracts founded to allocate funds to cryptocurrency projects. Delegated Byzantine Fault Tolerance A consensus mechanism that uses professional nodes to broadcast a version of the blockchain. If two thirds or more of the nodes agree, that block is written onto the chain. Demurrage A tax on cryptocurrency holdings that encourages spending coins because they are constantly being destroyed.

Desktop Wallet Software that allows its users the ability to store cryptocurrency on their personal computer. Distributed Ledger A list of transactions that exists on every computer that elects to run blockchain software. DEX Decentralized exchange. Days Destroyed A metric for measuring bitcoin inactivity. Each day a Bitcoin remains unspent is another day added to its total number of Days Destroyed.

Difficulty A measure of how much hashing power computing power is required to find the next block on a blockchain. Difficulty increases over time on blockchains. Dust Transactions Transfers of value that are too small to be sent due to the proportionately high fee incurred.

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Darknet A network that requires special software like TOR to access. Websites on the Darknet are much more difficult to shut down than normal websites. The Darknet was one of the first communities to use cryptocurrencies for transactions. Digital Signature A unique, encrypted output that cannot be duplicated. Useful for creating digital identities and confirming authenticity.

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Encryption Transforming data into unrecognizable code that can only be decoded with the exact decryption key. A testing environment on the Ethereum network for executing smart contracts and promoting security. A group of assets that can be bought or sold as a single asset. ERC20 The predominant standard for creating smart contracts on the Ethereum blockchain.

Exchange Online platforms on which individuals can buy and sell cryptocurrencies. Ethereum was the first blockchain-based technology to make smart contracts and decentralized applications possible. Required in order to send transactions or execute smart contracts. Escrow A third party used to facilitate transactions and increase security. Fiat Paper money issued by governments as default currency. Investors with FOMO buy cryptocurrency emotionally rather than logically for fear of missing out on profits.

Frictionless A term used to describe the way that cryptocurrencies remove many of the inefficiencies and hassles inherent in alternative methods of transferring payment. The emotional rather than logical belief that cryptocurrency prices will fall. Fungibility The idea that all units in a money supply are exactly equal. Fungibility is considered to be an essential aspect of effective currencies by many economists. Fintech Financial technology Fintech is used to describe new technologies that seek to improve the use and delivery of financial services. For example, any block size increase in the Bitcoin protocol constitutes a hard fork.

Fundamental Analysis The analysis of the economic and political factors that affect the intrinsic value of an asset. Forging Reward An amount of coins paid to users for participating in PoS consensus. Faucet A website that sends users small amounts of cryptocurrency intermittently and make money by advertising other services. Free Society A hypothetical society in which no one is forced to do anything against their wishes and all actions are voluntary. The ratio expresses the amount of a loan compared to the value of an asset.

DeFi is a new financial system based on the use of decentralized blockchains and smart contracts to create new types of financial products. Hardware that can be used for mining some cryptocurrencies.

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Github An open-source database for developers to create and share computer coding with a large community. Haskell A programming language used to develop several cryptocurrencies including Cardano and Nanocoin.


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Hodler Someone who does not sell, but holds on to his coins. Hashgraph Hashgraph is a consensus alternative to blockchain. It uses a gossip protocol to spread transactions across the network by sending data to randomly chosen neighbors. Hedging The act of protecting an asset from risk.

A hedge can protect against losses or even offset against gains. Hash Output emitted from an algorithm for maintaining consensus on a blockchain. Hash Rate The number of hashes a miner performs over a given period of time. Hashing Power The power of a mining rig. Similar in concept to the Horse Power of a vehicle. Hot Wallet An online wallet for storying cryptocurrencies.

Considered less secure than cold wallets. I2P Invisible Internet Project. A network layer that facilitates anonymous, censorship-resistant communication between users.

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Incoming Connection A request for communication from one node to another node. Immutable Ledger The term used to refer to blockchains to describe the way in which blocks cannot be changed after they are recorded. A US tax collection agency that demands information from cryptocurrency exchanges for various reasons. Illiquidity When an asset i. If there are only a handful of buyers or sellers the price may be substantially higher due to few sellers charging a premium or substantially lower due to a few buyers demanding discounts.