ALTCOINS - PUBLIC/PRIVATE KEY - PROOF OF WORK - HARDWARE WALLET -

realskilled (47)in #blockchain • 6 years ago


ALTCOINS	a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.^{Source + Source}
PUBLIC/PRIVATE KEY	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity. ^{Source + Source}
PROOF OF WORK	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}
HARDWARE WALLET	these concern all coins that came after the initial release of the famous bitcoin, the first decentralized cryptocurrency. a name coined as the merger of the words bitcoin & alternative. ^{Source + Source}


ALTCOINS	these concern all coins that came after the initial release of the famous bitcoin, the first decentralized cryptocurrency. a name coined as the merger of the words bitcoin & alternative. ^{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}
PROOF OF WORK	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity. ^{Source + Source}
HARDWARE WALLET	a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.^{Source + Source}

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