BLOCK - HARD FORK - BLOCKCHAIN - SPV -

ali.wood (49)in #bitcoin • 6 years ago


BLOCK	a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa. ^{Source + Source}
HARD FORK	the blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks. ^{Source + Source}
BLOCKCHAIN	they carry permanently recorded data on the blockchain network. blocks are packages of data. ^{Source + Source}
SPV	this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.^{Source + Source}


BLOCK	they carry permanently recorded data on the blockchain network. blocks are packages of data. ^{Source + Source}
HARD FORK	a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa. ^{Source + Source}
BLOCKCHAIN	the blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks. ^{Source + Source}
SPV	this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.^{Source + Source}

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