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Glossary

Terms4 terms

Proof of WorkA consensus mechanism in which miners perform computations to solve cryptographic puzzles, validate transactions, and create new blocks.
CorrectnessMeasures whether an algorithm can accurately solve the problem it is designed to address.
Spot MarketA financial market in which assets are bought and sold at current prices for immediate delivery or delivery within a short period of time.
AlgorithmA finite, explicit set of step-by-step instructions for converting input into output, thereby solving a problem or completing a computation.

Definition

Spot Market

A financial market in which assets are bought and sold at current prices for immediate delivery or delivery within a short period of time.

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