HASH - BITCOIN CASH (BCH) - PAPER WALLET - SMART CONTRACT -

rspower (48)in #bitcoin • 7 years ago


HASH	this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data. ^{^{Source + Source}}
BITCOIN CASH (BCH)	all traces of the key are removed from the computer where it was generated. a form of cold storage where a private key for bitcoin address is printed on a piece of paper (with or without encryption). ^{^{Source + Source}}
PAPER WALLET	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}}
SMART CONTRACT	it’s launch date was 1 st august 2017 to coincide with the bip148 segwit signaling activation. a hard fork of bitcoin led by bitcoin mining pool viabtc that supports ‘big blocks’ of up to 8mb and removes segwit. ^{^{Source + Source}}


HASH	this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data. ^{^{Source + Source}}
BITCOIN CASH (BCH)	it’s launch date was 1 st august 2017 to coincide with the bip148 segwit signaling activation. a hard fork of bitcoin led by bitcoin mining pool viabtc that supports ‘big blocks’ of up to 8mb and removes segwit. ^{^{Source + Source}}
PAPER WALLET	all traces of the key are removed from the computer where it was generated. a form of cold storage where a private key for bitcoin address is printed on a piece of paper (with or without encryption). ^{^{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}}

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