![]() It’s a slang term used a lot in chats and on Twitter. In the cryptocurrency scene aping or to ape refers to entering a position in a coin. This term is often used as AML/KYC, where KYC stands for ‘Know your customer’. Within the crypto world, it is no longer unusual for AML techniques to be used by exchanges and wallets. This prevents illegally acquired funds from being converted into a legal variant. AML stands for policy and legislation on money laundering. Anonymous can also refer to an international group of activists and ‘hacktivists’, who in recent years have committed several (DDOS) attacks on websites of agencies and governments.ĪML is the abbreviation for ‘anti-money laundering’. This has led to the creation of privacy focussed coins, such as Monero and PivX. Eventually, it will be possible to link it to a person. Bitcoin transactions are anonymous to a certain extent, but the transactions are permanently visible in the blockchain. Within the blockchain world this is an important topic. The answers can be given via a Youtube live stream, but also in writing in a blog post or on Reddit.Īnonymous refers to anonymity. Within the crypto world, this is a commonly used method to answer questions from the community. This refers to a set of questions that can be asked to a person or team. There are different types of algorithms in use by blockchains.Īlphanumeric is something, like a code or password, that consists of both letters and numbers.Īn altcoin is any cryptocurrency or token created after the Bitcoin was developed.ĪMA is the abbreviation for ‘Ask Me Anything’. The ‘algorithm’ is a way to solve a task using data processing and calculations. The opportunities and dangers of an airdrop are described in detail in this article: What is an airdrop? Algorithm End users can generally get coins for free or in exchange for a small task, such as subscribing to a newsletter, sending a tweet or inviting other people via a personal affiliate link. ![]() This is usually compensated with money, credits or coins.Īn airdrop is a way to distribute coins. Sharing an affiliate link makes it possible for the website to record the traffic you generated. This URL can be obtained when a website offers an ‘affiliate program’. ![]() It is also used in algorithms applicable to a blockchain, like Bitcoin for example (SHA-256).Īn affiliate link is a specific URL that contains a special and mostly unique identification. AES is an encryption technique, which is used to encrypt data and is used in most modern encryption protocols and technologies. This identification code is required to carry out a blockchain transaction and is unique for each owner.ĪES stands for Advanced Encryption Standard and 256 stands for the key-size (length) of 256-bit. It is a unique collection of numbers and letters. In the cryptocurrency world, a private key is usually sufficient to log in to the wallet.Īn address is comparable to a bank account number. This consists of a username and a password. To log in to a website or computer you need an account. A logical place is the beginning of a ‘white paper’ to describe it briefly. In such a situation the ‘miners’ can deliberately not confirm transactions or to issue transactions twice (double-spend).Īn ‘abstract’ is a summary of a (technical) document. To log in, you not only need to enter a password, but also a code that you receive from the Google authenticator for example.Ī ‘51% attack’ refers to a possible attack on a blockchain by a group of ‘miners’, who hold more than 50% of the hash rate. The Bulls And The Bears: Market Sentiment ExplainedĢ Factor Authentication is a double layer security measure.What is a DApp (Decentralized Application)?.
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