AM Crypto Mining Glossary


SATOSHI NAKAMOTO – The mysterious founder of Bitcoin. In 2008 he published an academic paper laying out the structure of the Bitcoin network. Nakamoto has never made a public appearance and pretty much disappeared a few years into Bitcoin launch.

SATOSHI – Bitcoin is a digital currency making it divisible. One Satoshi is the smallest unit of Bitcoin, equal to 0.00000001 BTC.

SEC – The U.S. Securities and Exchange Commission (SEC) is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets.

SEGWIT (SEGREGATED WITNESS) – SegWit is an improvement on the Bitcoin Protocol whereby the network increases its block size limit on the blockchain by removing signature data from Bitcoin transactions. The freed-up space adds the capacity of a block to take up more transactions.

SHARDING – Sharding is the process by which a network splits the entire blockchain history so that each full node does not need to have an entire copy of this history. it is useful as a scaling solution.

SOFT FORK – A soft fork, just like a hard fork, is a split in the chain. However, in a soft fork, users upgrade to the new protocol and the previous chain transactions become invalid.

Want to join millions of people who are making steady Bitcoin income with Advanced Mining?

Click the Button Below and Get Started Immediately