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WATCH Supreme Court nominee list narrowed to 5, Trump says

Top White House officials worn out from the chaos of the Trump administration and eyeing the exits in the coming weeks are now considering staying on through the confirmation of a Supreme Court justice, three White House officials and two outside advisors tell ABC News.

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White House counsel Don McGahn, Legislative Affairs director Marc Short and Domestic Policy director Andrew Bremberg have told colleagues in the days following Supreme Court Justice Kennedy's retirement announcement that they plan to stay on staff through the confirmation process.

The world of cryptocurrency is no exception, and you will encounter lots of mysterious terms and strange acronyms as you go down the learning curve (especially if you frequent Reddit!) Here are some of the most commonly used terms in the cryptocurrency market, along with their everyday English translations.


Let’s start with the most basic definition – cryptocurrency . The term cryptocurrency refers to a type of digital asset that is designed to be a medium of exchange. This kind of exchange medium uses cryptography to keep transactions secure. Cryptography is also used to control the creation of additional units of currency.

In cryptocurrency terms, an address is a code used to send, receive or store cryptocurrency. These addresses consist of 26-35 characters, a combination of letters and numbers. The address can also refer to the public key, a pair of keys needed to sign their digital transactions.

The term altcoin refers to any digital cryptocurrency other than Bitcoin (and to some extent, Ethereum ). Bitcoin is the most popular cryptocurrency, but there are also more than 1,000 others. Each one of those more than 1,000 cryptocurrencies is known as an alt coin, short for alternative coin.

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is what makes cryptocurrencies like Bitcoin possible. It is a list of every block that has been mined since the creation of the cryptocurrency.

Cryptocurrencies are not printed – they are mined. Every time a miner successfully hashes a transaction block, they receive a blockchain reward.

You may hear the U.S. dollar and other traditional currencies referred to as fiat currencies, but what does that mean? A fiat currency is used to describe any physical paper currency. Governments and central banks typically issue fiat currencies, and they are fully regulated and centralized.

When an investor is holding on to a cryptocurrency that has dropped in price, they are known to be a “bagholder” or “bag holding.”

Hard forks are typical in the world of cryptocurrencies, and this term refers to the alteration of the underlying block structure of the cryptocurrency.

The hash is a term for the mathematical process that transforms a variable amount of data into a shorter fixed-length output. This term is used in cryptocurrency mining.

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, not in underground structures but with computer hardware. Mining involves using sophisticated computer hardware to solve complicated mathematical problems.

Proof of work is used to tie mining capability to the computational power of the computers involved.

Cryptocurrency can be shorted in much the same way that stocks are. When a trader or investor goes short on a cryptocurrency, he or she hopes to profit from a price decrease. Shorting can be risky since a rising price could produce a huge loss.

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