Cryptoacronyms

Bitcoin: First crypto coin based on blockchain Blockchain: Digital records to store transactions Block: Unit of Blockchain, a pile of records Altcoin: Apart from Bitcoin everything else is Altcoin. Alternate coins. Satoshi: Minimum Bitcoin amount BTC: Bitcoin ETH: Ether Ethereum: Programmable Blockchain Exchange: Place to trade money, cryptocurrency Mining: Activity to verify and validate blocks using software programs Minimal Investment – The minimum amount to invest Smart Contract: A program that has conditions and rules Whitepaper: The core document for ICO and IEO. The white paper has all the working details regarding the cryptocurrency. Wallet: Used to store, send and receive digital currency ICO: Initial Coin Offering IEO: Initial Exchange Offering. Bonus: Extra tokens received during the fundraising phase ERC-20:Token Standard for Ethereum Token: Alternate coins created in the Blockchain <img src="https://cdn.rcimg.net/sponsors/svg/cryptoenthuiast.svg" width="645">