OPEN SOURCE - PROOF- OF- STAKE (POS) - WALLET - SMART CONTRACT -

rspower (48)in #bitcoin • 8 years ago


OPEN SOURCE	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}
PROOF- OF- STAKE (POS)	the more bitcoin or altcoin owned by a miner, the more mining power he or she has. concept states that a person can mine or validate block transactions according to how many coins he or she holds. ^{Source + Source}
WALLET	to allow the source to be distributed and altered by anyone.the practice of sharing the source code for a piece of computer software. ^{Source + Source}
SMART CONTRACT	it usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for. a file that houses private keys. ^{Source + Source}


OPEN SOURCE	to allow the source to be distributed and altered by anyone.the practice of sharing the source code for a piece of computer software. ^{Source + Source}
PROOF- OF- STAKE (POS)	the more bitcoin or altcoin owned by a miner, the more mining power he or she has. concept states that a person can mine or validate block transactions according to how many coins he or she holds. ^{Source + Source}
WALLET	it usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for. a file that houses private keys. ^{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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