MULTI-SIGNATURE - CONSORTIUM BLOCKCHAIN - DAPP - KYC -

realskilled (47)in #bitcoin • 7 years ago


MULTI-SIGNATURE	multi-signature addresses provide (by requiring more than one key to authorize a transaction) an added layer of security.^{^{Source + Source}}
CONSORTIUM BLOCKCHAIN	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}}
DAPP	e.g: a consortium of 15 financial institutions. a blockchain where the consensus process is controlled by a pre-selected set of nodes. ^{^{Source + Source}}
KYC	an application that operates autonomously, has its data stored on a blockchain, incentivized in the form of cryptographic tokens and operates on a protocol that shows proof of value. is a decentralised application that is open source. ^{^{Source + Source}}


MULTI-SIGNATURE	multi-signature addresses provide (by requiring more than one key to authorize a transaction) an added layer of security.^{^{Source + Source}}
CONSORTIUM BLOCKCHAIN	e.g: a consortium of 15 financial institutions. a blockchain where the consensus process is controlled by a pre-selected set of nodes. ^{^{Source + Source}}
DAPP	an application that operates autonomously, has its data stored on a blockchain, incentivized in the form of cryptographic tokens and operates on a protocol that shows proof of value. is a decentralised application that is open source. ^{^{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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