GENESIS BLOCK - BITCOIN TRANSACTION - SOLIDITY - HARDWARE WALLET -

in #bitcoin6 years ago


GENESIS BLOCK
refers to the 1st or first few blocks of a blockchain.Source + Source
BITCOIN TRANSACTION
as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.Source + Source
SOLIDITY
a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.Source + Source
HARDWARE WALLET
its syntax is similar to that of javascript, and it is intended to compile into bytecode for the ethereum virtual machine(evm). solidity is ethereum’s programming language for developing smart contracts. Source + Source


GENESIS BLOCK
refers to the 1st or first few blocks of a blockchain.Source + Source
BITCOIN TRANSACTION
as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.Source + Source
SOLIDITY
its syntax is similar to that of javascript, and it is intended to compile into bytecode for the ethereum virtual machine(evm). solidity is ethereum’s programming language for developing smart contracts. Source + Source
HARDWARE WALLET
a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.Source + Source

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