Cryptocurrency Terms and Definitions

A hard fork in cryptocurrencies is the process of creating a new cryptocurrency that becomes a branch of an already existing cryptocurrency. The new cryptocurrency often has a different technology, a completely different price, and even a different team of developers.

ICO — in cryptocurrencies, this is a kind of presentation of the idea for a new cryptocurrency project, as well as fundraising for the implementation of that project.

Kefir and efir are nothing other than slang names for the Ethereum cryptocurrency.

Cryptocurrency is an electronic currency which is mined by complex calculations due to the solution of complex mathematical problems.

The public key is the address of the cryptocurrency wallet.

A token is a stock of a project ICO.

Pump is a planned шт advance intentional and massive buying of cryptocurrency in order to create a shortage in the market and artificially increase demand.

Decentralization means all tasks, functions and another work are distributed among the participants of the system, where there is no governing or regulatory body.

Satoshi is the smallest bitcoin particle that cannot be divided.

A farm is one or more devices that are engaged in mining cryptocurrency.