logo

AFK

AFK is an acronym for “Away From Keyboard”. It is used on social media platforms like Twitter where people share their trading activity to notify users that they would be away for some time. In the context of crypto, when someone posts "AFK" in relation to their trading activity, it serves as a notification to their followers or audience that they will be temporarily unavailable or not actively monitoring the markets.

Share this term

ASIC

This stands for “Application Specific Integrated Circuit”, which is designed for a specific purpose like mining. An ASIC is a specialized computer chip designed for a specific task, like mining cryptocurrencies. In simple terms, it's a custom-built hardware that focuses on efficiently performing a particular job, such as solving complex mathematical problems to validate and secure transactions on a blockchain. In the context of cryptocurrency, ASICs are commonly used for mining, providing higher processing power and energy efficiency compared to general-purpose computers.

See full definition

ASIC Resistant

ASIC resistant refers to cryptocurrencies designed to prevent users from mining with ASIC. It is a design or algorithm of a blockchain that aims to prevent or discourage the use of specialized mining hardware known as Application-Specific Integrated Circuits (ASICs). ASICs are highly efficient and powerful devices built specifically for mining certain cryptocurrencies, giving their owners a significant advantage over miners using standard computer hardware (CPUs or GPUs).

See full definition

Crypto scoop

Sign up for our weekly newsletter

Stay informed with the latest updates to buy, sell, and store your crypto on the go.

phone

Download the Yellow Card app

Start trading crypto with ease

Get the Yellow Card app to buy, sell, and store your crypto on the go.

footer logo
[email protected]

© 2024. Yellow Card Academy

Visit our website
Explore
Collections
Community