What is an ASIC in cryptocurrencies?
An ASIC is an integrated circuit designed to perform a single task. In mining, such chips are used for the most efficient computation of a specific cryptocurrency algorithm.
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What is an ASIC miner in cryptocurrencies?
An ASIC miner is a cryptocurrency mining device built on specialized ASIC chips. It is tailored to a specific algorithm and is significantly more efficient than universal hardware.
What is arbitrage in cryptocurrencies?
Arbitrage is a strategy based on the price difference of the same asset across different venues. In cryptocurrencies it relies on rate discrepancies between exchanges and requires accounting for fees and risks.
What is a buy wall in cryptocurrencies?
A buy wall is a large order or cluster of buy orders in the exchange order book. It can hold back a price decline and is often used to influence the behavior and psychology of market participants.
What is a bounty in cryptocurrencies?
A bounty is a marketing campaign run by a crypto project in which participants perform set actions and receive a reward in tokens for doing so. The format was especially widely used during the ICO era.
What does "to buy" mean in cryptocurrency slang?
"To buy" (bayit) is slang used by traders and investors, derived from the English word buy and meaning to purchase an asset: a cryptocurrency, token, or coin.
What is a crypto project's White Paper?
A White Paper is a detailed document of a crypto project that describes its idea, technology, token economics, and development plan. It is a key source of information for assessing how serious a project is.
What is the all-time high (All Time High, ATH) in cryptocurrencies?
The all-time high (ATH) is the highest price an asset has ever reached throughout its trading history. The metric is often used as a reference point when assessing market dynamics.
What is an address (bitcoin address, Bitcoin address) in cryptocurrencies?
A bitcoin address is a set of characters that serves as the details for receiving and sending cryptocurrency. Essentially it works like an account number on the public blockchain network.
Cryptocurrency Mining Using a Smartphone
Crypto technologies are gradually changing the world and are increasingly being implemented in mobile communication devices. Thus, the British digital payments company Electroneum has presented the M1 smartphone, with which the smartphone's owner will be able to mine the ETN cryptocurrency, which can be used for
