Decryptopedia™

Terms that start with “G”

1. Gavin Wood

   Gavin Wood is a computer scientist most well known for being a co-founder of Ethereum and creator of Polkadot (DOT) and Kusama (KSM).

2. Gemini

   Gemini exchange is a centralized cryptocurrency exchange (CEX) started in 2014 by the Winklevoss Twins, Cameron and Tyler. As of August 2022, Gemini is the 4th largest U.S.-based crypto exchange by volume, with USD $76 million in daily trading volume. Gemini allows you to buy and sell bitcoin (BTC), along with 100+ other digital assets, in all 50 states.

3. Gemini Dollar (GUSD)

   A stablecoin that is FDIC- insured, and backed 1:1 with the US dollar. Gemini Dollar (GUSD) was created by Gemini, a secure and regulated centralized cryptocurrency exchange (CEX).

4. Genesis Block

   The very first block or first few blocks recorded on a blockchain or blockchain-based protocol.  The genesis block is often called Block 0 or Block 1. The genesis block sets the foundation for the rest of the blocks that are added to form a chain of blocks.  That’s where we get the word “blockchain”. The most famous genesis block, and the very first Bitcoin block, called the Genesis Block, was created on January 3rd, 2009, by Bitcoin’s infamous and mysterious creator, Satoshi Nakamoto.  Some consider this date to be the start of the cryptocurrency revolution – the start of it all!

5. Geoblock

   Geoblocks implemented by crypto services like cryptocurrency exchanges usually block the IP addresses of large collections of users from connecting to their websites or mobile applications. These blocks are accomplished by comparing a user’s IP address to a list of allowed and not allowed IP addresses. IP addresses identify a person’s location in the world, and crypto services can use that information to block specific locations by country, region, state, city, or even just an individual IP address.

6. Graphics Processing Unit (GPU)

   A GPU, or graphics processing unit, is a piece of computer hardware responsible for putting digital images on your computer monitor, laptop, smartphone, or mobile device. Before cryptocurrencies, when GPUs were discussed,  it was primarily in reference to desktop computers or gaming machines. Recently, with the explosion of cryptocurrencies and cryptocurrency mining specifically, GPUs have […]

7. Grayscale Bitcoin Trust (GBTC)

   A fund (an investment product traded on the stock market open to U.S. investors) created by Grayscale in 2013, which was one of the first securities in the world to only invest in and derive value from the price of bitcoin (BTC) and nothing else.