CONFIRMATION - BLOCK HEIGHT - BTC - HOT WALLET -

in #bitcoin6 years ago


CONFIRMATION
these are used for “every day” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. a bitcoin wallet that has an active connection to the internet. Source + Source
BLOCK HEIGHT
this is a successful act of where the transaction has hashed and added to the blockchain.Source + Source
BTC
a single unit of the bitcoin currency. an acronym for bitcoin. Source + Source
HOT WALLET
a number that represents how many blocks are connected on the blockchain.Source + Source


CONFIRMATION
this is a successful act of where the transaction has hashed and added to the blockchain.Source + Source
BLOCK HEIGHT
a number that represents how many blocks are connected on the blockchain.Source + Source
BTC
a single unit of the bitcoin currency. an acronym for bitcoin. Source + Source
HOT WALLET
these are used for “every day” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. a bitcoin wallet that has an active connection to the internet. Source + Source

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