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About BIBIBI Daily Digest Privacy & Account Security

For information and learning only. Not investment advice. Crypto assets involve risk.

© 2026 BIBIBI

Glossary

Terms23 shown

ASIC Mining machineUses application-specific integrated circuits and is designed for Bitcoin SHA-256 algorithm for high-efficiency mining.
ASIC-resistantRefers to a cryptocurrency design property that limits the efficiency advantage of specialized ASIC hardware through protocols and mining algorithms.
AlgorithmA series of unambiguous instructions used to solve a particular problem.
Algorithmic tradingA method of executing trades using automated software that follows predefined instructions; the software can access the trading platform API to monitor conditions and submit or cancel orders.
CipherAn algorithm for encrypting or decrypting messages according to a defined set of steps.
Leveraged TokensA cryptocurrency derivative that algorithmically adjusts leverage, allowing traders to gain leveraged long or short exposure to a specific cryptocurrency in a relatively simplified manner.
SHA-256 (Secure Hash Algorithm 256-bit)Bitcoin uses it to generate transaction ID cryptographic hashes, which output 256-bit hash values.
algorithmic tradingEvidence treats it as one of the trading scenarios in which AON orders can be used.
application-specific integrated circuits (ASICs)A chip specifically designed for a particular mining algorithm.
asymmetric cipherUse a pair of mathematically related keys and perform cryptographic algorithms separately for encryption and decryption.
block cipherA cryptographic algorithm that encrypts fixed-size groups of bits at a time.
stream cipherA cryptographic algorithm that encrypts data bit by bit or byte by byte.
symmetric cipherA cryptographic algorithm that uses the same shared key for encryption and decryption.
Consensus layerAn architectural layer responsible for implementing consensus algorithms such as PoW and PoS, enabling network participants to reach agreement on the state of the blockchain.
Consensus algorithmA mechanism that helps different computers in a blockchain network reach agreement on a shared state or fact.
TrustlessThe system does not rely on a trusted central authority; instead, it operates through computer code and mathematical algorithms.
Post-quantum cryptographyA class of cryptographic algorithms designed to remain secure in the face of large-scale quantum computers.
HashingUsing an algorithm to convert data into a fixed-size hash value or message digest, creating a digital fingerprint that facilitates verification.
EfficiencyMeasures the runtime and computational resources required for an algorithm to complete a task.
CorrectnessMeasures whether an algorithm can accurately solve the problem it was designed to address.
Asymptotic analysisA mathematical method for comparing algorithm performance as input size increases, reducing the impact of differences in programming languages and hardware.
AlgorithmA finite, clear set of instructions executed step by step to transform input into output, thereby solving a problem or completing a computation.
Algorithmic stablecoinA type of stablecoin that primarily uses algorithms and smart contracts to adjust supply and demand and attempt to maintain a target price; reserve arrangements vary by design.

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Definition

Algorithm

A finite, clear set of instructions executed step by step to transform input into output, thereby solving a problem or completing a computation.

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