VBit Crypto Mining Glossary
ADDRESS – A cryptocurrency address is a unique identifier that serves as a virtual location where the cryptocurrency can be sent. It consists of 26-35 alphanumeric characters.
ALGORITHM – These are a set of mathematical instructions, which are coded by computer software and form the rules that produce the intended outcome in calculations and solving problems.
ALL-TIME-HIGH (ATH) – ATH is the highest price that a digital asset (such as Bitcoin) has achieved.
ALL-TIME-LOW (ATL) – ATL is the lowest price that a digital asset has ever reached.
ANTI-MONEY LAUNDERING (AML) – These are legal measures enacted to combat international money laundering.
ASIC – The Application-Specific Integrated Circuit (ASIC) is a microchip that runs powerful computers that specialize in Proof-of-Work mining.