Business Terms and Jargon Explained

What is ASIC

Asic is an “Application Specific Integrated Circuit”. This is a chip that is designed to do only a specific job. The programming and software is already on the chip. Asic miners are devices that are used solely to solve and mine bitcoin or other altcoin blocks.

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Back Door Sui generis RAR
Stet Pegging Aggregate Demand
Rainmaker Quantity Demand Planchet
Open Economy Interchange fee Credit Note
Basis Point Cuba Clause EORI
Committal proceedings Disciplinary procedure Indicia
Nontrade receivables Kroon Next of kin
Current Assets Moving forward Real Exchange Rate
Lucas critique N162 Civil Court form Automatic trade
Sin Tax WTO Brute force
Pro tempore Tax code Calculated risk
Indemnify Merger Melt Value
Bridge loan - (bridging loan) W3C Win win

Term created / updated 2014-01-27 20:49:58

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