VBit Crypto Mining Glossary

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EMISSION – (synonyms: Emission Curve, Emission Rate, and Emission Schedule). This metric refers to the speed at which all new coins are created and released into circulation.

ENCRYPTION – This is the process of using an algorithm to scramble a message or file so that only intended recipients can read the data.

ESCROW CONTRACT– A transaction in which a spender and receiver place funds in a 2-of-2 (or other) multisig output until transaction completion. Once they are both satisfied with an external outcome, the funds go to the recipient. It facilitates zero-confirmation transactions.

EXCHANGE – An exchange is a platform where cryptocurrencies can be exchanged for each other or fiat money. It is essentially a crypto marketplace.

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