DECENTRALIZED - HOT WALLET - CONFIRMATION - DAPP -

rstracer (48)in #bitcoin • 6 years ago


DECENTRALIZED	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. ^{Source + Source}
HOT WALLET	means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.^{Source + Source}
CONFIRMATION	these are used for “every day” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. a bitcoin wallet that has an active connection to the internet. ^{Source + Source}
DAPP	this is a successful act of where the transaction has hashed and added to the blockchain.^{Source + Source}


DECENTRALIZED	means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.^{Source + Source}
HOT WALLET	these are used for “every day” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. a bitcoin wallet that has an active connection to the internet. ^{Source + Source}
CONFIRMATION	this is a successful act of where the transaction has hashed and added to the blockchain.^{Source + Source}
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. ^{Source + Source}

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