UTC Time
By CoinGecko | Updated on Mar 03, 2020
UTC-time is the time standard used to internationally denote time. In the context of the cryptocurrency industry, due to its decentralized nature, companies and consumers are located all over the world each using different time zones. Using a standardized timing makes it less possible for cause confusion.
Related Terms
Full Pay-Per-Share (FPPS)
FPPS is quite similar to PPS; the only difference is that the pool will additionally pay a transaction fee incentive if the block is identified. FPPS is the same as PPS+.
Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
Non-Fungible Tokens (NFT)
They are collectible elements within the Ethereum blockchain under ERC-721, where each token refers to a single element with a certain value
Cryptography
A discipline or field of study which practices using cryptography to convert human-readable information that can only be deciphered by individuals who have the knowledge to.
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