An A-Z Guide to the Blockchain Technology

Sara Mohammed
May 26, 2019 · 8 min read
Source: Daniel Chen, Unsplash

ASIC

Short form for ‘Application Specific Integrated Circuit’. Often compared to GPUs, ASICs are specially made for mining and may offer significant power savings.

Bitcoin

Bitcoin uses blockchain as its distributed peer-to-peer (P2P) transaction ledger. Bitcoin users or “miners” (explained further down this list) create new blocks, each of…