Bitcoin Terms Beginning with G
Game theory studies decision making under a fixed set of rules. Game theorists create mathematical models to represent hypothetical conflicts.
Gamma is the rate of change in an option's delta relative to the underlying asset's price changes. Gamma measures the relationship between a derivatives value and the value of the underlying asset.
The generator point, known as *G*, is a defined point on Bitcoin’s elliptic curve, secp256k1. In order to generate a public key, a user multiplies their private key by the Generator Point.
The Genesis block is the first block in the Bitcoin blockchain. It was mined by Satoshi Nakamoto on January 3, 2009 and includes the headline 'Chancellor on brink of second bailout for banks'.
The Glass-Steagall Act is legislation which defines and distinguishes between investment banks and commercial Federal Reserve member banks. Under the Glass-Steagall Act, investment banks may not accept deposits, and commercial banks may not deal in certain types of securities.
A Graphical User Interface (GUI) is a software application that allows users to interact visually with an underlying software which might otherwise only be accessible through the command line.
A graphics processing unit (GPU) is a circuit that controls graphics and images, commonly incorporated into mobile phones, video game consoles, and computers.
Gresham's law states that 'bad money drives out good'. In an economy where two currencies are in use, individuals will spend the bad money, which is constantly devaluing, and hold the good money, which retains its value.
A country’s gross domestic product (GDP) is a commonly cited metric to indicate how much economic activity the country has. GDP represents the total value of all products that a country produces in a given time period.