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Unpermissioned Ledger

A digital record-keeping software that anyone can download, run and add entries into it according to the preset rules to achieve consensus without license or restriction from a central source. Unspent Transaction Output (UTXO): UTXO represents the amount of digital currency left after a crypto transaction has been completed. They are the coins in the wallet that haven't been spent yet.

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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.

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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).

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