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Software program or a piece of hardware holding pairs of codes (public and private keys), which you use to access the blockchain, where your cryptocurrencies are....
A process which checks the accuracy of the information given from a computer in the network and passes it along to others. This way a transfer of cryptocurrency is...
This refers to the amount of cryptocurrency sent just to an entity and not elsewhere. In that case, they are considered unspent, but stored in the blockchain.
An amount paid to the miners for successfully projecting a transaction on the blockchain. It varies depending on the difficulty and overall network capabilities at...
When cryptocurrency moved from one entity to another on a blockchain network.
the process of mining on your own without sharing computing power with other miners (being in a mining pool).
A change to the existing blockchain protocol where previously valid transactions are made invalid. A soft fork is backward-compatible because the old nodes will...
A contract written in computer code, set up to execute and carry itself out automatically under specified conditions. When it is on the blockchain, both sides can...
ROI is an indicator showing the ratio of profit or loss on initial investment in percentage.
a record of every transaction ever made in the blockchain. It can’t be changed; only new information is added.
A code, which is kind of a certificate of ownership. This key enables you to access coins and tokens send to you on the Blockchain.
a personal address that allows you to send and receive cryptocurrencies
A concept allowing people to verify transactions according to the computing power they put into solving algorithmic problem – adding a new block to the Blockchain.
A numerical value which shows how fast you get a response after sending out a request via your internet connection.
Personal Component Interconnect Express or PCI is a type of connection for devices. It is an expansion slot, that connects the video cards with the motherboard. It...
A piece of paper, on which you write down or print the public and private keys for accessing your cryptocurrency savings.
Peer-to-peer network where two or more computers are connected and share information. This is done with no separate server PC.
GRN Energy team of consultants stand ready to answer all your questions and create a tailor-made solutions for your requirements.
