Published Jan 6, 2021 12:42:53 PM
To get you orientated in the digital asset market, here’s a short list of words and terms you’ll need to know — with no buzzwords or technical jargon.
Cryptocurrency is sent and received using wallets: software that manages the complex mathematical operations required to create transactions and submit them to the blockchain network.
Blockchains are maintained by miners, which collectively secure the network by reaching consensus with each other about the balance of addresses, and process new transactions.
In addition to the public key cryptography that allows the creation and use of private keys and addresses, various other cryptographic operations are used to enable different blockchain features and functionality.