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| ETHEREUM | is a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. sometimes referred to as the silver of bitcoin’s gold. |
| BITCOIN NETWORK | the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities. it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. |
| APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) | the decentralized, peer-to- peer network which maintains the blockchain. this is what processes all bitcoin transactions. |
| RIPPLE | ethereum is a blockchain-based decentralised platform for apps that run smart contracts, and is aimed at solving issues associated with censorship, fraud and third party interference. |
| USAF | 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. |
| MULTI-SIGNATURE | a specific computer chip which has been created for the sole purpose of, for example, mine data blocks. |
| PROOF- OF- STAKE (POS) | user activated soft fork. it’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. the uasf concept was combined with segwit activation in the bip148 proposal which became active on 1st august 2017. |
| EVM | the ethereum virtual machine (evm) is a turing complete virtual machine that allows anyone to execute arbitrary evm byte code. every ethereum node runs on the evm to maintain consensus across the blockchain. |
| IPFS | is a payment network built on distributed ledgers that can be used to transfer any currency. the network consists of payment nodes and gateways operated by authorities. payments are made using a series of ious, and the network is based on trust relationships. |
| LITECOIN | multi-signature addresses provide an added layer of security by requiring more than one key to authorize a transaction. |
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| ETHEREUM | ethereum is a blockchain-based decentralised platform for apps that run smart contracts, and is aimed at solving issues associated with censorship, fraud and third party interference. |
| BITCOIN NETWORK | the decentralized, peer-to- peer network which maintains the blockchain. this is what processes all bitcoin transactions. |
| APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) | a specific computer chip which has been created for the sole purpose of, for example, mine data blocks. |
| RIPPLE | is a payment network built on distributed ledgers that can be used to transfer any currency. the network consists of payment nodes and gateways operated by authorities. payments are made using a series of ious, and the network is based on trust relationships. |
| USAF | user activated soft fork. it’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. the uasf concept was combined with segwit activation in the bip148 proposal which became active on 1st august 2017. |
| MULTI-SIGNATURE | multi-signature addresses provide an added layer of security by requiring more than one key to authorize a transaction. |
| 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. |
| EVM | the ethereum virtual machine (evm) is a turing complete virtual machine that allows anyone to execute arbitrary evm byte code. every ethereum node runs on the evm to maintain consensus across the blockchain. |
| IPFS | the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities. it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. |
| LITECOIN | is a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. sometimes referred to as the silver of bitcoin’s gold. |
