ETHEREUM - SOFTFORK - COLD STORAGE - KYC -

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


ETHEREUM	is aimed at solving issues associated with censorship, fraud and third-party interference. ethereum is a blockchain-based decentralised platform for apps that run smart contracts. ^{Source + Source}
SOFTFORK	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}
COLD STORAGE	know your client/customer rules force financial institutions, in order ensuring that they are legitimate, to vet the people they are doing business with.^{Source + Source}
KYC	since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules^{Source + Source}


ETHEREUM	is aimed at solving issues associated with censorship, fraud and third-party interference. ethereum is a blockchain-based decentralised platform for apps that run smart contracts. ^{Source + Source}
SOFTFORK	since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules^{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}
KYC	know your client/customer rules force financial institutions, in order ensuring that they are legitimate, to vet the people they are doing business with.^{Source + Source}

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