PEER-TO-PEER NETWORK (P2P) - BITCOIN - CROWDSOURCING - TESTNET -

rssniper (49)in #bitcoin • 7 years ago


PEER-TO-PEER NETWORK (P2P)	bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin can refer to the protocol, network or the unit of currency. ^{^{Source + Source}}
BITCOIN	this is usually done online via websites where people can donate. the pooling of resources such as information or money contributed by the general population, to a goal. ^{^{Source + Source}}
CROWDSOURCING	these networks can become massive, allowing for things like file-sharing or cryptocurrency. any computer network where two or more computers are connected and share resources without going through a separate server. ^{^{Source + Source}}
TESTNET	used by developers, it's a test blockchain to prevent expending assets on the main chain.^{^{Source + Source}}


PEER-TO-PEER NETWORK (P2P)	these networks can become massive, allowing for things like file-sharing or cryptocurrency. any computer network where two or more computers are connected and share resources without going through a separate server. ^{^{Source + Source}}
BITCOIN	bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin can refer to the protocol, network or the unit of currency. ^{^{Source + Source}}
CROWDSOURCING	this is usually done online via websites where people can donate. the pooling of resources such as information or money contributed by the general population, to a goal. ^{^{Source + Source}}
TESTNET	used by developers, it's a test blockchain to prevent expending assets on the main chain.^{^{Source + Source}}

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