DISTRIBUTED NETWORK - BTC - FORK - SATOSHI -

in #bitcoin • 6 years ago


DISTRIBUTED NETWORK
it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. Source + Source
BTC
a single unit of the bitcoin currency. an acronym for bitcoin. Source + Source
FORK
rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.Source + Source
SATOSHI
there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible. Source + Source


DISTRIBUTED NETWORK
rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.Source + Source
BTC
a single unit of the bitcoin currency. an acronym for bitcoin. Source + Source
FORK
it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. Source + Source
SATOSHI
there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible. Source + Source

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