BITCOIN PROTOCOL - WIRE TRANSFER - MASF - DAO -

matthew.davis (49)in #blockchain • 7 years ago


BITCOIN PROTOCOL	also known as “dacs”. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. decentralised autonomous organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules. ^{^{Source + Source}}
WIRE TRANSFER	protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.^{^{Source + Source}}
MASF	miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade. ^{^{Source + Source}}
DAO	commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another. ^{^{Source + Source}}


BITCOIN PROTOCOL	protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.^{^{Source + Source}}
WIRE TRANSFER	commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another. ^{^{Source + Source}}
MASF	miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade. ^{^{Source + Source}}
DAO	also known as “dacs”. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. decentralised autonomous organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules. ^{^{Source + Source}}

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