ASIC - BLOCKCHAIN - DIFFICULTY - EXCHANGE RATE - HASH RATE - WALLET - DESKTOP WALLET - SATOSHI - BLOCK EXPLORER - ORACLES -

matthew.davis (49)in #bitcoin • 7 years ago

ASIC the exchange rate is based on two things; how it compares to a traditional currency, or how it stacks up against another type of cryptocurrency. cryptocurrency does not have this issue as it is digital. however, this is normally, money issued by the government, such as the dollar, will have a fluid exchange rate based on the country it is spent in.
BLOCKCHAIN this refers to how difficult/easily a data blocks of transaction information can be mined successfully.
DIFFICULTY 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.
EXCHANGE RATE there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible.
HASH RATE oracles work (by providing data to the smart contracts) as a bridge between the real world and the blockchain.
WALLET they provide useful information such as network hash rate and transaction growth. block explorer is an online tool to view all transactions, past and current, on the blockchain.
DESKTOP WALLET it usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for. a file that houses private keys.
SATOSHI allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
BLOCK EXPLORER often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’.
ORACLES represents the performance of the mining rig is expressed in hashes per second. is a measurement.
Source + Source


ASIC	the exchange rate is based on two things; how it compares to a traditional currency, or how it stacks up against another type of cryptocurrency. cryptocurrency does not have this issue as it is digital. however, this is normally, money issued by the government, such as the dollar, will have a fluid exchange rate based on the country it is spent in.
BLOCKCHAIN	this refers to how difficult/easily a data blocks of transaction information can be mined successfully.
DIFFICULTY	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.
EXCHANGE RATE	there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible.
HASH RATE	oracles work (by providing data to the smart contracts) as a bridge between the real world and the blockchain.
WALLET	they provide useful information such as network hash rate and transaction growth. block explorer is an online tool to view all transactions, past and current, on the blockchain.
DESKTOP WALLET	it usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for. a file that houses private keys.
SATOSHI	allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
BLOCK EXPLORER	often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’.
ORACLES	represents the performance of the mining rig is expressed in hashes per second. is a measurement.

ASIC often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’.
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.
DIFFICULTY this refers to how difficult/easily a data blocks of transaction information can be mined successfully.
EXCHANGE RATE the exchange rate is based on two things; how it compares to a traditional currency, or how it stacks up against another type of cryptocurrency. cryptocurrency does not have this issue as it is digital. however, this is normally, money issued by the government, such as the dollar, will have a fluid exchange rate based on the country it is spent in.
HASH RATE represents the performance of the mining rig is expressed in hashes per second. is a measurement.
WALLET it usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for. a file that houses private keys.
DESKTOP WALLET allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
SATOSHI there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible.
BLOCK EXPLORER they provide useful information such as network hash rate and transaction growth. block explorer is an online tool to view all transactions, past and current, on the blockchain.
ORACLES oracles work (by providing data to the smart contracts) as a bridge between the real world and the blockchain.
Source + Source


ASIC	often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’.
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.
DIFFICULTY	this refers to how difficult/easily a data blocks of transaction information can be mined successfully.
EXCHANGE RATE	the exchange rate is based on two things; how it compares to a traditional currency, or how it stacks up against another type of cryptocurrency. cryptocurrency does not have this issue as it is digital. however, this is normally, money issued by the government, such as the dollar, will have a fluid exchange rate based on the country it is spent in.
HASH RATE	represents the performance of the mining rig is expressed in hashes per second. is a measurement.
WALLET	it usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for. a file that houses private keys.
DESKTOP WALLET	allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
SATOSHI	there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible.
BLOCK EXPLORER	they provide useful information such as network hash rate and transaction growth. block explorer is an online tool to view all transactions, past and current, on the blockchain.
ORACLES	oracles work (by providing data to the smart contracts) as a bridge between the real world and the blockchain.

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7 years ago in #bitcoin by matthew.davis (49)

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ASIC - BLOCKCHAIN - DIFFICULTY - EXCHANGE RATE - HASH RATE - WALLET - DESKTOP WALLET - SATOSHI - BLOCK EXPLORER - ORACLES -

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