FORK - DAPP - IPFS - TESTNET - MASF - SHA-256 - PRIVATE KEY - WIRE TRANSFER - DISTRIBUTED DENIAL OF SERVICE (DDOS) - SMART CONTRACTS -

rspower (48)in #bitcoin • 7 years ago

FORK miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
DAPP they act as passwords that are kept hidden from anyone but the owner of the address. a private key is a string of data that allows you to access the tokens in a specific wallet.
IPFS it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities.
TESTNET 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.
MASF it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
SHA-256 commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another.
PRIVATE KEY smart contracts encode business rules ( that are enforced by the participants of the network) in a programmable language onto the blockchain.
WIRE TRANSFER it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin.
DISTRIBUTED DENIAL OF SERVICE (DDOS) often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. can cause a sustained downtime on said network or even make them crash completely. a very dangerous threat for cryptocurrency users.
SMART CONTRACTS used by developers, it's a test blockchain to prevent expending assets on the main chain.
Source + Source


FORK	miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
DAPP	they act as passwords that are kept hidden from anyone but the owner of the address. a private key is a string of data that allows you to access the tokens in a specific wallet.
IPFS	it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities.
TESTNET	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.
MASF	it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
SHA-256	commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another.
PRIVATE KEY	smart contracts encode business rules ( that are enforced by the participants of the network) in a programmable language onto the blockchain.
WIRE TRANSFER	it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin.
DISTRIBUTED DENIAL OF SERVICE (DDOS)	often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. can cause a sustained downtime on said network or even make them crash completely. a very dangerous threat for cryptocurrency users.
SMART CONTRACTS	used by developers, it's a test blockchain to prevent expending assets on the main chain.

FORK it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
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.
IPFS it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities.
TESTNET used by developers, it's a test blockchain to prevent expending assets on the main chain.
MASF miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
SHA-256 it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin.
PRIVATE KEY they act as passwords that are kept hidden from anyone but the owner of the address. a private key is a string of data that allows you to access the tokens in a specific wallet.
WIRE TRANSFER commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another.
DISTRIBUTED DENIAL OF SERVICE (DDOS) often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. can cause a sustained downtime on said network or even make them crash completely. a very dangerous threat for cryptocurrency users.
SMART CONTRACTS smart contracts encode business rules ( that are enforced by the participants of the network) in a programmable language onto the blockchain.
Source + Source


FORK	it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
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.
IPFS	it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities.
TESTNET	used by developers, it's a test blockchain to prevent expending assets on the main chain.
MASF	miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
SHA-256	it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin.
PRIVATE KEY	they act as passwords that are kept hidden from anyone but the owner of the address. a private key is a string of data that allows you to access the tokens in a specific wallet.
WIRE TRANSFER	commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another.
DISTRIBUTED DENIAL OF SERVICE (DDOS)	often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. can cause a sustained downtime on said network or even make them crash completely. a very dangerous threat for cryptocurrency users.
SMART CONTRACTS	smart contracts encode business rules ( that are enforced by the participants of the network) in a programmable language onto the blockchain.

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7 years ago in #bitcoin by rspower (48)

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FORK - DAPP - IPFS - TESTNET - MASF - SHA-256 - PRIVATE KEY - WIRE TRANSFER - DISTRIBUTED DENIAL OF SERVICE (DDOS) - SMART CONTRACTS -

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