BITCOIN TRANSACTION - TRANSACTION BLOCK - OPEN SOURCE - AML -

matthew.davis (49)in #bitcoin • 6 years ago


BITCOIN TRANSACTION	gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.^{Source + Source}
TRANSACTION BLOCK	aml mechanisms can be legal or technical in nature. regulators frequently apply aml techniques to bitcoin exchanges. anti-money laundering techniques are used to stop people converting illegally obtained funds, to appear as though they have been earned legally. ^{Source + Source}
OPEN SOURCE	to allow the source to be distributed and altered by anyone.the practice of sharing the source code for a piece of computer software. ^{Source + Source}
AML	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}


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}
TRANSACTION BLOCK	gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.^{Source + Source}
OPEN SOURCE	to allow the source to be distributed and altered by anyone.the practice of sharing the source code for a piece of computer software. ^{Source + Source}
AML	aml mechanisms can be legal or technical in nature. regulators frequently apply aml techniques to bitcoin exchanges. anti-money laundering techniques are used to stop people converting illegally obtained funds, to appear as though they have been earned legally. ^{Source + Source}

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