Mt. Gox
By CoinGecko | Updated on Mar 03, 2020
Mtgox or Mt. Gox was one of the first websites where users could take part in fiat-to-bitcoin exchange (and vice versa). In 2014, Mt. Gox was shut down after about 850,000 bitcoin was declared lost or stolen. Mt. Gox was created in 2006 by Jed McCaleb who named it after Magic: The Gathering Online Exchange where users could use the cards like stocks. Jed later sold Mt. Gox to Mark Karpelès in 2011.
Related Terms
Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
Solidity
Object oriented programming languaged used in various smart contract blockchains.
Airdrop
A way to promote cryptocurrencies by sending some free tokens to traders
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