Utility Token
By CoinGecko | Updated on Mar 03, 2020
Utility-tokens represents the right to use a product or service offered by the utility token issuer as a means to circumvent the categorization as an investment vehicle.
Related Terms
Hashrate
Total processing power of a blockchain or what is the same, are the amount of hash values that can be made in a period of time.
Fear of Missing Out (FOMO)
Refers to the feeling of apprehension for missing out on a potentially profitable investment opportunity and regretting it later.
Generally an expression describing investors' fear of missing out the good timing of buying cryptocurrencies that could eventually be profitable
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
Graphical Processing Unit (GPU)
They are chips dedicated to graphics processing or floating point operations, allowing to lighten the workload of the processors during applications usage such as video games.
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