GENESIS BLOCK - OPEN SOURCE - DECENTRALIZED - BITCOIN -

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


GENESIS BLOCK	refers to the 1st or first few blocks of a blockchain.^{Source + Source}
OPEN SOURCE	bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin can refer to the protocol, network or the unit of currency. ^{Source + Source}
DECENTRALIZED	to allow the source to be distributed and altered by anyone.the practice of sharing the source code for a piece of computer software. ^{Source + Source}
BITCOIN	means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.^{Source + Source}


GENESIS BLOCK	refers to the 1st or first few blocks of a blockchain.^{Source + Source}
OPEN SOURCE	to allow the source to be distributed and altered by anyone.the practice of sharing the source code for a piece of computer software. ^{Source + Source}
DECENTRALIZED	means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.^{Source + Source}
BITCOIN	bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin can refer to the protocol, network or the unit of currency. ^{Source + Source}

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