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| DISTRIBUTED DENIAL OF SERVICE (DDOS) | an altcoin first started as a joke in late 2013. dogecoin, which features a japanese fighting dog as its mascot, gained a broad international following and quickly grew to have a multi-million dollar market capitalization. |
| DOGECOIN | distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. a distributed ledger does not have to have its own currency and may be permissioned and private. |
| SOFT FORK | is a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. this protocol tries to solve the bitcoin scalability problem. |
| BLOCK HEIGHT | a hard fork of bitcoin led by bitcoin mining pool viabtc that supports ‘big blocks’ of up to 8mb and removes segwit. it’s launch date was 1 st august 2017 to coincide with the bip148 segwit signaling activation. |
| MINING POOL | a group of miners who have decided to combine their computing power for mining. this allows rewards to be distributed more consistently between participants in the pool. |
| MEMPOOL | a very dangerous threat for cryptocurrency users. often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. this can cause a sustained downtime on said network or even make them crash completely. |
| DISTRIBUTED LEDGER | a soft fork differs from a hard fork in that only previously valid transactions are made invalid. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. this type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version. |
| HASH | the act of performing a hash function on the output data. this is used for confirming coin transactions. this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. |
| BITCOIN CASH (BCH) | a technical term for a collection of unconfirmed transactions stored by a node until they either expire or get included in the main chain. |
| LIGHTNING NETWORK | the number of blocks connected on the blockchain. |
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| DISTRIBUTED DENIAL OF SERVICE (DDOS) | a very dangerous threat for cryptocurrency users. often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. this can cause a sustained downtime on said network or even make them crash completely. |
| DOGECOIN | an altcoin first started as a joke in late 2013. dogecoin, which features a japanese fighting dog as its mascot, gained a broad international following and quickly grew to have a multi-million dollar market capitalization. |
| SOFT FORK | a soft fork differs from a hard fork in that only previously valid transactions are made invalid. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. this type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version. |
| BLOCK HEIGHT | the number of blocks connected on the blockchain. |
| MINING POOL | a group of miners who have decided to combine their computing power for mining. this allows rewards to be distributed more consistently between participants in the pool. |
| MEMPOOL | a technical term for a collection of unconfirmed transactions stored by a node until they either expire or get included in the main chain. |
| DISTRIBUTED LEDGER | distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. a distributed ledger does not have to have its own currency and may be permissioned and private. |
| HASH | the act of performing a hash function on the output data. this is used for confirming coin transactions. this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. |
| BITCOIN CASH (BCH) | a hard fork of bitcoin led by bitcoin mining pool viabtc that supports ‘big blocks’ of up to 8mb and removes segwit. it’s launch date was 1 st august 2017 to coincide with the bip148 segwit signaling activation. |
| LIGHTNING NETWORK | is a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. this protocol tries to solve the bitcoin scalability problem. |
