COLD STORAGE - USAF - CENTRAL LEDGER - PROOF OF WORK -

megan.brown (48)in #bitcoin • 6 years ago


COLD STORAGE	these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. ^{Source + Source}
USAF	the uasf concept was combined with segwit activation in the bip148 proposal which became active on 1st august 2017. it’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. user activated soft fork. ^{Source + Source}
CENTRAL LEDGER	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity. ^{Source + Source}
PROOF OF WORK	a ledger that is maintained by a central agency.^{Source + Source}


COLD STORAGE	these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. ^{Source + Source}
USAF	the uasf concept was combined with segwit activation in the bip148 proposal which became active on 1st august 2017. it’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. user activated soft fork. ^{Source + Source}
CENTRAL LEDGER	a ledger that is maintained by a central agency.^{Source + Source}
PROOF OF WORK	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity. ^{Source + Source}

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