BTC - CONSENSUS - DECENTRALIZED - PEER-TO-PEER NETWORK (P2P) -

chloeroy (39)in #blockchain • 6 years ago


BTC	a single unit of the bitcoin currency. an acronym for bitcoin. ^{Source + Source}
CONSENSUS	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}
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}
PEER-TO-PEER NETWORK (P2P)	the consensus is achieved by ensuring that the ledgers are exact copies of each other and all participants of the network agree on the validity of the transactions. ^{Source + Source}


BTC	a single unit of the bitcoin currency. an acronym for bitcoin. ^{Source + Source}
CONSENSUS	the consensus is achieved by ensuring that the ledgers are exact copies of each other and all participants of the network agree on the validity of the transactions. ^{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}
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}

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