Don’t Get Lost in Translation!

As we build our community, exchanging information and ideas, it is important that we are all on the same page so to speak.  On this page you will find a glossary of terms that you may find in posts, or on Fred’s POPCASTs.  This is a fluid listing, so if you don’t find what you are looking for, shoot us a message and let us know. 

Centralized Exchange - An exchange that is operated by a single company or entity.
Cold Storage - A method of storing cryptocurrencies offline to protect them from hacking or unauthorized access.
Confirmation - The process of validating a transaction on the blockchain by miners or network participants.
Consensus - The mechanism by which participants in a blockchain network agree on the validity of transactions and the state of the ledger.
Cryptocurrency - A digital or virtual form of currency that uses cryptography for secure transactions.
Cryptography - The practice of secure communication through the use of codes and encryption techniques.