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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. |
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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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