bag-holders&rdquo; that refers to the investors that hold their bags for a long time, despite the poor market performance. It could be though, that investors don&rsquo;t analyze what is going on in the market, and just hope that their bags will be valuable in the future.</p>\n<p><strong>The term \"bag\" might be useful in identifying different currencies or tokens in a person's crypto portfolio.</strong></p>","level":"easy","meta_title":"What is Bag? Definition & Meaning | Crypto Wiki","meta_description":"Bag meaning: Bag - is a crypto word that refers to a large quantity of a specific coin.","meta_keywords":null,"language":"en","created_at":"2022-02-10T15:14:09.000000Z","updated_at":"2022-05-13T14:32:22.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-bag"},"prevSection":{"id":967,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Attack Surface?","slug":"what-is-attack-surface","section":"A","keyword":"Attack Surface","status":"published","definition":"the weakest point of the system which can be breached by malicious actors.","content":"<p>Attack surface contains a collection of methods in which an attacker or a manipulator can access the data and extract it from the system. Or, in other words, it is the most <strong>vulnerable</strong> area of the system. This reveals the amount of security in the environment. If the attack surface is larger, the environment can be breached more easily. In that regard, it must be considered to keep the attack surface a small area. The concept is very important for software protection.</p>\n<p>So, in order to create systems that are secure, the attack surface should be as small as possible. There are a few ways to do this:</p>\n<ul>\n<li>The services that are employed by only a small group of individuals should be taken out. Meaning that there will be fewer attack vectors if there are fewer <strong>unnecessary features</strong>.</li>\n<li>There is <strong>code</strong> that is always operating within the system. By reducing the amount of it, there will be fewer attack vectors as well.</li>\n<li>Making fewer <strong>access points</strong> in the system will also result in fewer attack vectors.</li>\n</ul>\n<p>Attack vectors are network protocol flaws, or buffer overflows. They could also be <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-trojan/">trojans, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-malware/">malware, adware, and other software that are based on the web. These attack vectors are within the attack surface.</p>\n<p>If a malicious actor would attack, he could manipulate or take the data out of the system and cause damage. Usually, attackers know where are all the devices in the system as well as how they operate. This way, the weakest points can be detected and imposed upon.</p>\n<p>However, even if you manage to reduce the attack surface, if the malicious actor did already get into the system - there is nothing you can do to prevent the incoming or already done <strong>damage</strong>. Besides, it&rsquo;s enough for the attacker to discover <strong>one</strong> weak point of the system to breach in.</p>","level":"medium","meta_title":"What is Attack Surface? Definition & Meaning | Crypto Wiki","meta_description":"Attack Surface meaning: Attack Surface - the weakest point of the system which can be breached by malicious actors.","meta_keywords":null,"language":"en","created_at":"2022-05-17T14:04:48.000000Z","updated_at":"2022-06-07T11:49:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-attack-surface"},"currentChapter":"A","currentSection":"what-is-automated-clearing-house-ach","chapterTitle":"A","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-automated-clearing-house-ach","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Crypto Terms: Letter A

What is Automated Clearing House (ACH)?

Automated Clearing House (ACH) MEANING:
Automated Clearing House (ACH) - an electronic transaction processing network that is used to facilitate debit and credit transactions.
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Let's find out Automated Clearing House (ACH) meaning, definition in crypto, what is Automated Clearing House (ACH), and all other detailed facts.

An automated clearing house (ACH) is a digital network for transferring funds between financial institutions in batches. Numerous debit and credit transactions are handled at once. In general, the payments being processed are considered low-value, and the fees are adjusted to be low enough to pay off for the users.

Some of the popular uses of ACH include:

  • Direct deposits – quick payment access. Used for receiving wages, bonuses, and commissions, pension disbursements, tax repays, etc.;
  • Split deposits – enables automatic savings and allows customers to redirect part of their funds to a savings or investment account each pay period;
  • Direct payments – the service that enables customers to make payments to other individuals or institutions, including paying for bills, donating, or purchasing goods and services.

ACH was first introduced in the United Kingdom in 1968, with the first US-based ACH, which was operated by The Federal Reserve Bank of San Francisco, launching four years later, in 1972. Today, around 100 automated clearing houses operate worldwide.