BIP148 - HASH RATE - PAPER WALLET - DIGITAL SIGNATURE - SOFTFORK - LIGHTNING NETWORK - ETHER - DAPP - INITIAL COIN OFFERING (ICO) - SHA-256 -

in #bitcoin7 years ago


BIP148 a decentralised application (dapp) is an application that is open source, operates autonomously, has its data stored on a blockchain, incentivised in the form of cryptographic tokens and operates on a protocol that shows proof of value.
HASH RATE a digital code generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity.
PAPER WALLET sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin. however, it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains.
DIGITAL SIGNATURE is a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. this protocol tries to solve the bitcoin scalability problem.
SOFTFORK a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. this kind of fork requires only a majority of the miners upgrading to enforce the new rules
LIGHTNING NETWORK a form of cold storage where a private key for bitcoin address is printed on a piece of paper (with or without encryption) and then all traces of the key are removed from the computer where it was generated
ETHER bip148 is a user activated soft fork (uasf) that was designed to cause the existing segwit masf deployment to cause activation in all existing segwit capable node software (which currently is 80% of the network nodes)
DAPP measurement of performance for the mining rig is expressed in hashes per second.
INITIAL COIN OFFERING (ICO) is the native token of the ethereum blockchain which is used to pay for transaction fees, miner rewards and other services on the network.
SHA-256 happens when someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like bitcoin or ethereum.


BIP148 bip148 is a user activated soft fork (uasf) that was designed to cause the existing segwit masf deployment to cause activation in all existing segwit capable node software (which currently is 80% of the network nodes)
HASH RATE measurement of performance for the mining rig is expressed in hashes per second.
PAPER WALLET a form of cold storage where a private key for bitcoin address is printed on a piece of paper (with or without encryption) and then all traces of the key are removed from the computer where it was generated
DIGITAL SIGNATURE a digital code generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity.
SOFTFORK a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. this kind of fork requires only a majority of the miners upgrading to enforce the new rules
LIGHTNING NETWORK is a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. this protocol tries to solve the bitcoin scalability problem.
ETHER is the native token of the ethereum blockchain which is used to pay for transaction fees, miner rewards and other services on the network.
DAPP a decentralised application (dapp) is an application that is open source, operates autonomously, has its data stored on a blockchain, incentivised in the form of cryptographic tokens and operates on a protocol that shows proof of value.
INITIAL COIN OFFERING (ICO) happens when someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like bitcoin or ethereum.
SHA-256 sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin. however, it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains.
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