CryptoURANUS Economics

Anti-AdBlocker

Thursday, May 6, 2021

Moore’s Law: Defined in CryptoCurrency

Moore’s Law: Defined in CryptoCurrency


Moore’s Law is an observation that computer technology becomes quicker and smaller with time.


This observation was first made by Gordon Moore in 1965. Gordon, a co-founder of the computer company Intel, found that the number of transistors (an electronic device that controls the flow of electricity) in one square inch doubles every year.

Mtgox.com: Defined in CryptoCurrency

Mtgox.com: Defined in CryptoCurrency

Mtgox or Mt. Gox was one of the first websites where bitcoin could be exchanged for regular government issued money like US dollars. 


In 2014, Mt. Gox closed after roughly 850,000 bitcoin was declared lost or stolen. 


Mt. Gox was created in 2006 by Jed McCaleb who named it after Magic: The Gathering Online Exchange where users could cards like stocks. Jed later sold Mt. Gox to Mark Karpel├Ęs in 2011.

Multisignature: Defined in CryptoCurrency

Multisignature: Defined in CryptoCurrency


Multisignature means more than one signature or approval is required before a transaction can take place. 


Multisignature increases the security for cryptocurrencies so that one person cannot take all of the money for himself without approval

Dark Web: Defined in CryptoCurrency

Dark Web: Defined in CryptoCurrency

Dark web is defined as a part of the Internet that is only visible to people with special software that allows them to hide their identities. It is known for providing illegal info and services.


The Internet is often broken down into 3 different parts:

  1. The surface web: What you see in search engines like Google.
  2. The dark web: What Google doesn’t see like password protected pages.
  3. The deep web: The anonymous, slightly complex part of the Internet where illegal activities often occur.

While the phrases “dark web” and “deep web” are often used interchangeable, there is a difference as seen above. 

And while the deep web is known for providing illegal information, services and products (drugs, hackers, etc.) not all is bad.

The deep web is only accessible through the free anonymous browser known as TOR. Though accessing it only through TOR may not be enough to keep you truly anonymous.

Digital Asset: Defined in CryptoCurrency

Digital Asset: Defined in CryptoCurrency


A digital asset is defined as any electronic file (text, picture, audio, etc) that you have the rights to use.


If you do not have the rights to using that file, it is not a digital asset. 


Digital assets can be transported or accessed on many types of technology including CDs, computers, USB drives, blockchain, etc.

Digital Signature: Defined in CryptoCurrency

Digital Signature: Defined in CryptoCurrency

A digital signature is permission and proof done through a computer that an authorized person has agreed to something. 


When a signer authorizes something, they use their private key known only to them, to encrypt information along with a stamp of the time of signing. If the information is somehow modified, the time stamp will be altered and the digital signature becomes void and invalid.


The person receiving or verifying the signed and encrypted information uses the signer’s public key to verify the information came from the signer.

Digital signatures are used by cryptocurrency systems to allow the owner to send and receive money.

Dildo: Defined in CryptoCurrency

Dildo: Defined in CryptoCurrency

A dildo is a long green or red bar found on a graph showing the changes in price of a cryptocurrency. 


Green and red bars of any size are known as candles.