SATOSHI - TRANSACTION BLOCK - SCRYPT - PUBLIC/PRIVATE KEY -

ali.wood (49)in #blockchain • 6 years ago


SATOSHI	compared to sha256, this is quicker as it does not use up as much processing time. scrypt is a type of cryptographic algorithm and is used by litecoin. ^{Source + Source}
TRANSACTION BLOCK	another party can then receive the message and using a key that is only known to that individual or group, decode the message. in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message. ^{Source + Source}
SCRYPT	gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.^{Source + Source}
PUBLIC/PRIVATE KEY	there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible. ^{Source + Source}


SATOSHI	there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible. ^{Source + Source}
TRANSACTION BLOCK	gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.^{Source + Source}
SCRYPT	compared to sha256, this is quicker as it does not use up as much processing time. scrypt is a type of cryptographic algorithm and is used by litecoin. ^{Source + Source}
PUBLIC/PRIVATE KEY	another party can then receive the message and using a key that is only known to that individual or group, decode the message. in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message. ^{Source + Source}

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