Our dictionary

Right now, the satoshi is currently the smallest unit in the system of bitcoin currency that can be recorded on the blockchain. It equals 0.00000001 BTC (one hundred millionths of a bitcoin). Its name is a collective homage to Satoshi Nakamoto, the original creator of Bitcoin. 

Bitcoin scalability is a problem represented by the limited rate of transaction processing in the network. It happens because all the records/blocks in the blockchain are strictly limited in both frequency and size.

The Scamcoin is a term used to describe a cryptocurrency useful only to people who develop and maintain it but is absolutely useless and hazardous even to those who hold it. There are no precise parameters defining a Scamcoin, so different people widely use the word in relation to almost any new coin emerging on the market.

In crypto world Scrypt is a special function, an algorithm, that is specifically designed to prevent the large-scale custom hardware attacks on crypto actives by requiring large amounts of memory. The Scrypt makes these type of attack costly. 

A list of words in a certain order, called "seed phrase", "seed recovery phrase" or "backup seed phrase", used for gaining access to funds in your digital wallet. The seed phrase is usually generated by the digital wallet and is much like a master key of sorts. 

Segregated Witness. A term used for the process of increasing the limit of the block size inside the blockchain by eliminating the signature information from transactions. This process creates new free space by removing parts of transactions, and the capacity for adding new transactions is therefore increased.

This type of agreement is also called "smart contract": the agreement terms are being written into the code. Then the decentralized and redistributed blockchain network is used as a storage media for the agreements and the code. Every transaction made under the agreement can be tracked but cannot be reversed. 

A process of partitioning used to divide large-scale databases into smaller parts (data shards) that can be used and managed much faster. 

A worthless altcoin, basically. It might have been valid at first, but then its value has decreased to zero due to various reasons. This "term" is used very widely with and without reasoning concerning almost any altcoin on the market.

Sidechain is a system used to transfer ledger assets (such as bitcoins) between blockchains that increases possibilities to use the assets for the cryptocurrency owner. 

Signatures are components of crypto-networks used in schemes for the verification of message integrity for transactions inside the network. Signature schemes come in many forms and often use asymmetric cryptography principles. 

Spender-created information used to work with a pubkey script in the form of variables. Such information is often referred to as scriptSig in code. 

A software protocol measure developed for enforcing and verifying of all the processes around a digital contract performance. These contracts are always both trackable and irreversible and make credible transactions, excluding third parties easier. 

The amount of money received from investors during the ICO, bottom limit.

A process of de-validation of valid blocks and transactions due to changes in the software protocol. New blocks, created after the soft fork, can still be recognized by old nodes, which makes the process reverse-compatible. 

Software wallets located on your PC's hard drive. They are less secure than paper wallets due to higher susceptibility to hacker attacks (if the PC is connected to the internet). However, they are much more comfortable to use in small trading. 

A programming language used for smart contracts. Ethereum and its smart contracts are based upon it, for example.

A block that was removed from the current blockchain due to an override by a bigger chain. 

A cryptocurrency designed specifically for minimizing the price volatility. They are usually backed by some stable assets, such as industrial metals or oil. 

After the exchange is finished, you can view the results in details on the "Completed" page, and also you can repeat the exchange with the same addresses in just one click.