Shitcoin
By CoinGecko | Updated on Mar 03, 2020
A term used to describe coins that have no actual usage or value. Also used as an insult at times to put down certain cryptocurrencies.
Related Terms
Collateralized Debt Obligation (CDO)
A collateralized debt obligation (CDO) is a form of derivative in which the value is generated from another underlying asset, and is sold to institutional investors.
Difficulty
A relative measure on how difficult it is to correctly guess a new block
Application-Specific Integrated Circuit (ASIC)
Refers to specialized computers that are made to do a very specific task (eg. calculate hashes for Bitcoin's Proof-of-Work)
Block Reward
One of the mechanisms built into a blockchain to incentivize validators
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.