BIP - LIGHTNING NETWORK - SMART CONTRACTS - PUBLIC ADDRESS -

realskilled (47)in #bitcoin • 6 years ago


BIP	smart contracts encode business rules ( that are enforced by the participants of the network) in a programmable language onto the blockchain.^{Source + Source}
LIGHTNING NETWORK	can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”. ^{Source + Source}
SMART CONTRACTS	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. ^{Source + Source}
PUBLIC ADDRESS	unlike private keys, they act as email addresses that can be published anywhere. a public address is the cryptographic hash of a public key. ^{Source + Source}


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. ^{Source + Source}
SMART CONTRACTS	smart contracts encode business rules ( that are enforced by the participants of the network) in a programmable language onto the blockchain.^{Source + Source}
PUBLIC ADDRESS	unlike private keys, they act as email addresses that can be published anywhere. a public address is the cryptographic hash of a public key. ^{Source + Source}

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