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Hash Rate
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What does Hash Rate mean in crypto terms?
Hash Rate is a critical parameter in the world of cryptocurrencies, representing the number of hash operations a miner or the entire network can perform per second. It's a measure of the computational power required to secure the network and add new blocks to the blockchain. A higher hash rate increases the network's security and resilience against attacks. The hash rate can fluctuate based on mining difficulty and the addition or removal of miners from the network.
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Explore Other Crypto Terms
51% Attack
A 51% Attack refers to a security risk in a decentralized blockchain network, where an individual miner or mining pool gains control of more than 50% of the network's hash rate, allowing them to unilaterally manipulate the blockchain.
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2FA (Two-Factor Authentication)
Two-Factor Authentication (2FA) is a security mechanism that requires a user to provide two types of identification to access an online account or service.
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Wrapped Tokens
Wrapped Tokens are a type of cryptocurrency token that are issued on a blockchain different from the native blockchain of the asset it represents, and are pegged to the value of that asset.
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Wallet
In the context of cryptocurrency, a wallet is a digital tool that allows users to store, receive, and send cryptocurrencies.
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Lightning Network
The Lightning Network is a second-layer scaling solution designed to enable fast, low-cost transactions on blockchain networks like Bitcoin.
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Multisignature Wallet
A Multisignature Wallet, or multisig wallet for short, is a digital wallet designed to enhance security through the requirement of multiple signatures to authorize a transaction.
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Peer-to-Peer
Peer-to-Peer (P2P) refers to a decentralized form of interaction that occurs directly between parties without the need for an intermediary or central authority.
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Replay Attack
A Replay Attack is a malicious network attack where a valid data transmission is fraudulently repeated or delayed.
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