Public Unit 2: Vocabulary

To pass this unit, please study the 18 vocabulary words below.
Ada
a cryptocurrency designed by Charles Hoskinson in 2015 to power the Cardano network
Ada runs on the Cardana 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 ERC20 token designed to drive advertising on the Brave platform
BAT is based on user attention, which simply means a person’s focused mental engagement.
BTC (Bitcoin)
a cryptocurrency invented in 2009 by Satoshi Nakamoto and currently the most famous digital crypto-currency (2017)
Bitcoin was intended as a peer-to-peer currency to help reduce reliance on central banks.
BCH (Bitcoin Cash)
a cryptocurrency created by Bitcoin miners and developers who were not happy with the future plans of Bitcoin accounting
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 developed by Evan Duffield in 2014, offering PrivateSend and InstantSend which is handled by a separate their apart from the normal mining operations
Dash is an abbreviation (a portmanteau actually) of "Digital" and "Cash" and aims to be user friendly and scalable.
EOS
a developer-friendly ERC-20 compatible token 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 POW.
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, a very influential open source network home to many tokens and ICOs (initial coin offerings).
Iota
a cryptocurrency developed specifically for the Internet of Things using Winternitz hash-based cryptography signatures
The smallest unit of account on IOTA is an Iota, after the smallest letter in the Greek alphabet.
Litecoin
a cryptocurrency similar to Bitcoin but with faster and cheaper transactions which was released in 2011 by Charlie Lee, a former Google employee
The founder of Litecoin says it is very similar to Bitcoin except it has four times as many coins and it's four times faster.
XLM (Lumens)
the currency or fuel of the Stellar network, used to trade any currency to any currency and send it instantly
It's stellar this lumens.
Monero
a cryptocurrency launched in April 2014 which aims to be as secure, private, and decentralized as possible
Monero is popular on dark web sites which prioritize privacy and decentralization over everything else.
NEO
a blockchain platform and cryptocurrency which enables the development of digital assets and smart contracts which is currently based in China and was originally launched in 2014 as AntShares
NEO tokens can be staked to produce GAS tokens which are used as the fuel of the platform, to pay for computation or deployment of smart contracts within the NEO network.
REP
an Ethereum 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 real-time gross settlement system (RTGS) conceived by Ryan Fugger in 2014 and designed for banks and multi-currency situations
Ripple technology was developed in 2004 by Ryan Fugger, a web developer from Vancouver, Canada.
USDT (Tether)
a cryptocoin handy for trading or short term holding that is always worth $1
There is no point investing in Tether, as it is always worth $1.
TRX (Tronix)
a blockchain-based decentralized protocol that aims to construct a worldwide content entertainment system, founded by Justin Lee
TRON is the main network powered by TRONIX but can also take other cryptocurrencies.
Xem
an innovative peer-to-peer cryptocurrency used on the Nem blockchain which launched on March 31, 2015 using a proof-of-importance (POI) algorithm
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 fully protect the privacy of transactions.
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