MT GOX - DISTRIBUTED LEDGER - QR CODE - SOFTFORK -

in #bitcoin6 years ago


MT GOX
a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. Source + Source
DISTRIBUTED LEDGER
since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rulesSource + Source
QR CODE
qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data. a digital representation of a bitcoin public or private key that is easy to scan by digital cameras. Source + Source
SOFTFORK
based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular. Source + Source


MT GOX
based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular. Source + Source
DISTRIBUTED LEDGER
a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. Source + Source
QR CODE
qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data. a digital representation of a bitcoin public or private key that is easy to scan by digital cameras. Source + Source
SOFTFORK
since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rulesSource + Source

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