SMART CONTRACT - CRYPTOCURRENCY - SEGWIT (SEGREGATED WITNESS) - ADDRESS -

realskilled (47)in #bitcoin • 7 years ago


SMART CONTRACT	a smart contract can be used to define certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights. once signed it can never be altered. a two way smart contract is an unalterable agreement stored on the blockchain that has specific logic operations akin to a real world contract. ^{^{Source + Source}}
CRYPTOCURRENCY	cryptocurrencies are representations of digital assets. also known as tokens. ^{^{Source + Source}}
SEGWIT (SEGREGATED WITNESS)	an address usually presents itself as a string of alphanumeric characters. cryptocurrency addresses are used to send or receive transactions on the network. ^{^{Source + Source}}
ADDRESS	specifically, it also removes transaction malleability, an issue that once resolved could lead to a number of network improvements. an optimization proposed by bitcoin core developer pieter wuille at the end of 2015, segwit increases the volume of transactions that fit into each block without raising the block size parameter. ^{^{Source + Source}}


SMART CONTRACT	a smart contract can be used to define certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights. once signed it can never be altered. a two way smart contract is an unalterable agreement stored on the blockchain that has specific logic operations akin to a real world contract. ^{^{Source + Source}}
CRYPTOCURRENCY	cryptocurrencies are representations of digital assets. also known as tokens. ^{^{Source + Source}}
SEGWIT (SEGREGATED WITNESS)	specifically, it also removes transaction malleability, an issue that once resolved could lead to a number of network improvements. an optimization proposed by bitcoin core developer pieter wuille at the end of 2015, segwit increases the volume of transactions that fit into each block without raising the block size parameter. ^{^{Source + Source}}
ADDRESS	an address usually presents itself as a string of alphanumeric characters. cryptocurrency addresses are used to send or receive transactions on the network. ^{^{Source + Source}}

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