Bagholder
By CoinGecko | Updated on Mar 03, 2020
A person who holds large quantities, or bags, of a cryptocurrency. Often used to describe such a person when the price of that cryptocurrency is declining.
Related Terms
Central Ledger
Central data repository of a company or bank
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
Cloud Mining
Mining on blockchains through rented processing power rented from companies that host the physical equipment.
Scrypt
one of the hashing algoritm used in proof-of-work protocol, scrypt requires more memory in order to performing mining functions
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