SOFTFORK - DISTRIBUTED DENIAL OF SERVICE (DDOS) - DIFFICULTY - MEDIUM OF EXCHANGE -

realskilled (47)in #blockchain • 7 years ago


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}}
DISTRIBUTED DENIAL OF SERVICE (DDOS)	often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. can cause a sustained downtime on said network or even make them crash completely. a very dangerous threat for cryptocurrency users. ^{^{Source + Source}}
DIFFICULTY	fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system. ^{^{Source + Source}}
MEDIUM OF EXCHANGE	this refers to how difficult/easily a data blocks of transaction information can be mined successfully.^{^{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}}
DISTRIBUTED DENIAL OF SERVICE (DDOS)	often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. can cause a sustained downtime on said network or even make them crash completely. a very dangerous threat for cryptocurrency users. ^{^{Source + Source}}
DIFFICULTY	this refers to how difficult/easily a data blocks of transaction information can be mined successfully.^{^{Source + Source}}
MEDIUM OF EXCHANGE	fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system. ^{^{Source + Source}}

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