ORACLES - PUBLIC ADDRESS - MINING ALGORITHM - LIGHT NODE -

realskilled (47)in #bitcoin • 6 years ago


ORACLES	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}
PUBLIC ADDRESS	oracles work (by providing data to the smart contracts) as a bridge between the real world and the blockchain.^{Source + Source}
MINING ALGORITHM	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. ^{Source + Source}
LIGHT NODE	bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies. ^{Source + Source}


ORACLES	oracles work (by providing data to the smart contracts) as a bridge between the real world and 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}
MINING ALGORITHM	bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies. ^{Source + Source}
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. ^{Source + Source}

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