HASH - SOFTFORK - OTC EXCHANGE - PRIVATE KEY -

megan.brown (48)in #blockchain • 6 years ago


HASH	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 rules^{Source + Source}
SOFTFORK	they act as passwords that are kept hidden from anyone but the owner of the address. a private key is a string of data that allows you to access the tokens in a specific wallet. ^{Source + Source}
OTC EXCHANGE	this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data. ^{Source + Source}
PRIVATE KEY	rather than relying on a central exchange to mediate between them; an exchange in which traders make deals with each other directly. ^{Source + Source}


HASH	this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data. ^{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 rules^{Source + Source}
OTC EXCHANGE	rather than relying on a central exchange to mediate between them; an exchange in which traders make deals with each other directly. ^{Source + Source}
PRIVATE KEY	they act as passwords that are kept hidden from anyone but the owner of the address. a private key is a string of data that allows you to access the tokens in a specific wallet. ^{Source + Source}

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