Unit 14 Vocabulary — Cryptocurrency

Noun (thing)
Altcoin
any cryptocurrency other than Bitcoin
The majority of early altcoins were just forks of Bitcoin with minor changes to the proof-of-work algorithm.
Noun (thing)
Blockchain
a decentralized digital ledger of transactions maintained by consensus
The Bitcoin blockchain is maintained by a network of specialized computers designed for mining.
Noun (thing)
Cipher
a coded message or secret way of writing
The boy had a difficult time decoding the cipher in which his father's diary was written.

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