Bitcoin Frenzy

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Across
  1. 1. The mechanism used in the bitcoin blockchain verification.
  2. 4. Bitcoins have a finite supply, which makes them a scarce digital commodity. The total amount of bitcoins that will ever be issued is 21 million. The number of bitcoins generated per block is decreased 50% every four years.
  3. 5. packages of data that carry permanently recorded data on the blockchain network.
  4. 8. Advice to other traders to pick up a coin that’s presumably hit its bottom.
  5. 10. Crypto slang term for a bitcoin believer who is sceptical of altcoins.
  6. 12. silicon chips specifically designed to do a single task. In the case of bitcoin, they are designed to process SHA-256 hashing problems to mine new bitcoins.
  7. 13. is achieved when all participants of the network agree on the validity of the transactions, ensuring that the ledgers are exact copies of each other.
  8. 14. Create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
  9. 15. A test blockchain used by developers to prevent expending assets on the main chain.
Down
  1. 2. Anyone who owns at least 5 percent of any given coin, often used as a boogeyman to explain unwanted price movements.
  2. 3. shared ledger where transactions are permanently recorded by appending blocks, serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block.
  3. 6. it's a term that was invented by a psycho who did a typo and it became famous. Whenever people talk here (reddit website) about holding their coins.
  4. 7. Measurement of performance for the mining rig is expressed in hashes per second. Mh/S (mega hash per second)is the speed that a graphics processor, GPU, can hash per second.
  5. 8. Symbol for bitcoin.
  6. 9. a reward system on a website that dispenses bitcoin in the form of a Satoshi (a hundred millionth of a bitcoin).
  7. 11. The process by which transactions are verified and added to a blockchain. This process of solving cryptographic problems using computing hardware also triggers the release of cryptocurrencies.