TRANSACTION BLOCK - HARD FORK - PROOF- OF- STAKE (POS) - OPEN SOURCE - PEER TO PEER - BTC - BLOCK - MASF - MARGIN CALL - BIP148 -

in #bitcoin7 years ago


TRANSACTION BLOCK the act of calling in a margin requirement. an exchange will issue a margin call when it feels that a trader does not have sufficient funds to cover a leveraged trading position.
HARD FORK bip148 is a user activated soft fork (uasf) that was designed to cause the existing segwit masf deployment to cause activation in all existing segwit capable node software (which currently is 80% of the network nodes)
PROOF- OF- STAKE (POS) the practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OPEN SOURCE a type of fork that renders previously invalid transactions valid, and vice versa. this type of fork requires all nodes and users to upgrade to the latest version of the protocol software.
PEER TO PEER an acronym for bitcoin. a single unit of the bitcoin currency.
BTC concept states that a person can mine or validate block transactions according to how many coins he or she holds. this means that the more bitcoin or altcoin owned by a miner, the more mining power he or she has.
BLOCK a collection of transactions gathered into a block that can then be hashed and added to the blockchain.
MASF blocks are packages of data that carry permanently recorded data on the blockchain network.
MARGIN CALL peer to peer (p2p) refers to the decentralized interactions between two parties or more in a highly-interconnected network. participants of a p2p network deal directly with each other through a single mediation point.
BIP148 miner activated soft fork - it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade. this allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure.


TRANSACTION BLOCK a collection of transactions gathered into a block that can then be hashed and added to the blockchain.
HARD FORK a type of fork that renders previously invalid transactions valid, and vice versa. this type of fork requires all nodes and users to upgrade to the latest version of the protocol software.
PROOF- OF- STAKE (POS) concept states that a person can mine or validate block transactions according to how many coins he or she holds. this means that the more bitcoin or altcoin owned by a miner, the more mining power he or she has.
OPEN SOURCE the practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
PEER TO PEER peer to peer (p2p) refers to the decentralized interactions between two parties or more in a highly-interconnected network. participants of a p2p network deal directly with each other through a single mediation point.
BTC an acronym for bitcoin. a single unit of the bitcoin currency.
BLOCK blocks are packages of data that carry permanently recorded data on the blockchain network.
MASF miner activated soft fork - it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade. this allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure.
MARGIN CALL the act of calling in a margin requirement. an exchange will issue a margin call when it feels that a trader does not have sufficient funds to cover a leveraged trading position.
BIP148 bip148 is a user activated soft fork (uasf) that was designed to cause the existing segwit masf deployment to cause activation in all existing segwit capable node software (which currently is 80% of the network nodes)
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