The most basic form of an operation which includes the sequence of steps and guiding rules.

An algorithm is a concept in computer programming that refers to the steps that characterize a process, as well as the rules guiding these steps. Ordinarily, algorithms take the form of logical sequences shown in an organized representation (such as a flow chart). And the express purpose of these sequences is to reveal the process of solving a problem.

The primary application of algorithms in the blockchain and cryptocurrency ecosystem is in the simplification of tasks and strategies. Having the algorithm of a trading bot, for example, allows you to create it and even make adjustments to its operation.

Previous term


Read More

Next term

All or None Order (AON)

Read More