DOGECOIN - DETERMINISTIC WALLET - MINER - BLOCK -

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


DOGECOIN	gained a broad international following and quickly grew to have a multi-million dollar market capitalization. features a japanese fighting dog as its mascot. an altcoin first started as a joke in late 2013. ^{Source + Source}
DETERMINISTIC WALLET	a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain. ^{Source + Source}
MINER	this seed is all that is needed to restore a wallet if it is lost and can allow the creation of public addresses without the knowledge of the private key. a wallet based on a system of deriving multiple keys from a single starting point known as a seed. ^{Source + Source}
BLOCK	they carry permanently recorded data on the blockchain network. blocks are packages of data. ^{Source + Source}


DOGECOIN	gained a broad international following and quickly grew to have a multi-million dollar market capitalization. features a japanese fighting dog as its mascot. an altcoin first started as a joke in late 2013. ^{Source + Source}
DETERMINISTIC WALLET	this seed is all that is needed to restore a wallet if it is lost and can allow the creation of public addresses without the knowledge of the private key. a wallet based on a system of deriving multiple keys from a single starting point known as a seed. ^{Source + Source}
MINER	a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain. ^{Source + Source}
BLOCK	they carry permanently recorded data on the blockchain network. blocks are packages of data. ^{Source + Source}

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