Public Unit 2: Vocabulary

To pass this unit, please study the 17 vocabulary words below.
Ada
a open source cryptocurrency launched in 2105 by Charles Hoskinson and designed to power the Cardano network
Ada runs on the Cardano blockchain which uses the "Ouroboros" proof-of-stake algorithm, named after an ancient symbol depicting a serpent or dragon eating its own tail.
BAT (Basic Authentication Token)
an ECR-20 compatible token released in 2017 by Brenden Eich to value and price user attention in the Brave web browser
BAT is based on user attention, which simply means a person’s focused mental engagement.
BTC (Bitcoin)
a cryptocurrency released in 2009 by Satoshi Nakamoto which heavily influenced all later projects
Bitcoin was intended as a peer-to-peer currency to help reduce reliance on central banks.
BCH (Bitcoin Cash)
a cryptocurrency hard fork released in 2017 by Bitcoin miners and developers who were not happy with the future plans of Bitcoin implementing Segregated Witness rule change
Bitcoin Cash is a hard fork of the Bitcoin blockchain ledger with different processing rules about how digital signatures are stored in the blockchain.
DSH (Dash)
a cryptocurrency released in 2014 by Evan Duffield which offers PrivateSend and InstantSend features
Dash is an abbreviation (a portmanteau actually) of "Digital" and "Cash" and aims to be user friendly and scalable.
EOS
a cryptocurrency released in 2017 by Dan Larimer which bills itself as "commercial scale Ethereum killer"
The blockchain of EOS uses "delegated proof of stake" consensus mechanism, which proved to be more scalable than "proof of work".
Ether
a cryptocurrency proposed in late 2013 by Vitalik Buterin, a programmer interested in the concept adding "smart contracts" to a blockchain
Ether is the digital currency or "fuel" of Ethereum network, a very influential and open source project and home to many tokens and ICOs.
Iota
a cryptocurrency developed specifically for the IOT (Internet of Things) using a "tangle" instead of a blockchain
The smallest unit of account on IOTA is an Iota, after the smallest letter in the Greek alphabet.
Litecoin
a cryptocurrency released in 2011 by Charlie Lee with a focus on fast and cheap transactions
Litecoin is mostly marketed as "the silver to Bitcoin's Gold".
XLM (lumen)
a single unit of cryptocurrency powering the Stellar blockchain released in 2015 by Jed McCaleb
The Stellar network requires all accounts to hold a minimum balance of 1 lumen.
XMR (Monero)
a mysterious open source cryptocurrency launched in April 2014 which aims to maximize security and privacy
Monero is popular on dark web sites which prioritize privacy and decentralization over everything else.
REP
an ECR-20 compatible token dealing with reputation, game theory, and the concept of the wisdom of crowds
Rep is short for reputation and powers the Augur network.
XRP (Ripple)
a private real-time gross settlement system (RTGS) conceived by Ryan Fugger in 2014 and designed for banks and multi-currency situations
Ripple bills itself as a real-time gross settlement system, currency exchange and remittance network.
USDT (Tether)
an unusual cryptocurrency with a fixed value of one US dollar designed to facilitate trading or short term holding
There is no point investing in Tether, as it is always worth $1.
TRX (Tronix)
a cryptocurrency founded by Justin Lee of China which aims to construct a worldwide content entertainment system with no middleman
TRON is the main network powered by TRONIX but can also take other cryptocurrencies.
Xem
an innovative peer-to-peer cryptocurrency launched in 2015 used to power the Nem blockchain
The Nem network is written in Java but you can write dapps that take Xem in any language
ZEC (Zcash)
a cryptocurrency founded in 2016 by Zooko Wilcox-O'Hearn which uses Bitcoin-like technology but with "shielded transactions" via zk-SNARK technology
Zcash is an open, permissionless cryptocurrency which can help protect the privacy of transactions.
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