LIGHTNING NETWORK - LIGHT NODE - TESTNET - USAF - BITCOIN ATM - TRANSACTION FEE - SPV - PROOF OF STAKE - DOUBLE SPENDING - BIP -

megan.brown (48)in #bitcoin • 7 years ago

LIGHTNING NETWORK people can trade fiat currency and bitcoins on this cash point.
LIGHT NODE 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.
TESTNET this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places.
USAF a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings.
BITCOIN ATM used by developers, it's a test blockchain to prevent expending assets on the main chain.
TRANSACTION FEE this protocol tries to solve the bitcoin scalability problem. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. it's a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants.
SPV the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee.
PROOF OF STAKE this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.
DOUBLE SPENDING can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
BIP the more you invest in the coin, the more you gain by mining with this protocol. a consensus distribution algorithm that rewards earnings based on the number of coins you own or hold.
Source + Source


LIGHTNING NETWORK	people can trade fiat currency and bitcoins on this cash point.
LIGHT NODE	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.
TESTNET	this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places.
USAF	a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings.
BITCOIN ATM	used by developers, it's a test blockchain to prevent expending assets on the main chain.
TRANSACTION FEE	this protocol tries to solve the bitcoin scalability problem. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. it's a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants.
SPV	the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee.
PROOF OF STAKE	this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.
DOUBLE SPENDING	can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
BIP	the more you invest in the coin, the more you gain by mining with this protocol. a consensus distribution algorithm that rewards earnings based on the number of coins you own or hold.

LIGHTNING NETWORK this protocol tries to solve the bitcoin scalability problem. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. it's a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants.
LIGHT NODE a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings.
TESTNET used by developers, it's a test blockchain to prevent expending assets on the main chain.
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.
BITCOIN ATM people can trade fiat currency and bitcoins on this cash point.
TRANSACTION FEE the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee.
SPV this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.
PROOF OF STAKE the more you invest in the coin, the more you gain by mining with this protocol. a consensus distribution algorithm that rewards earnings based on the number of coins you own or hold.
DOUBLE SPENDING this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places.
BIP can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
Source + Source


LIGHTNING NETWORK	this protocol tries to solve the bitcoin scalability problem. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. it's a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants.
LIGHT NODE	a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings.
TESTNET	used by developers, it's a test blockchain to prevent expending assets on the main chain.
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.
BITCOIN ATM	people can trade fiat currency and bitcoins on this cash point.
TRANSACTION FEE	the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee.
SPV	this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.
PROOF OF STAKE	the more you invest in the coin, the more you gain by mining with this protocol. a consensus distribution algorithm that rewards earnings based on the number of coins you own or hold.
DOUBLE SPENDING	this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places.
BIP	can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.

Latest posts from our Team !

Note for @steemcleaners / @cheetah:

The agreement of our Team:
The following authors decided to create a Team in order to collaborate and share formats and content in our posts. Any copy of content between this Team does not constitute a plagiarism.

@megan.brown @realskilled @rstracer @rssniper @rspower @matthew.davis @ali.wood

#blockchain #money #steem #cryptocurrency

7 years ago in #bitcoin by megan.brown (48)

$0.04

10 votes

STEEM 0.15

TRX 0.12

JST 0.025

BTC 55041.56

ETH 2459.06

USDT 1.00

SBD 2.18

LIGHTNING NETWORK - LIGHT NODE - TESTNET - USAF - BITCOIN ATM - TRANSACTION FEE - SPV - PROOF OF STAKE - DOUBLE SPENDING - BIP -

Latest posts from our Team !

Coin Marketplace