ASIC - MEDIUM OF EXCHANGE - DESKTOP WALLET - SATOSHI NAKAMOTO - ETHEREUM - PROOF-OF-WORK - ORACLES - SMART CONTRACT - HARD FORK - FIAT CURRENCY -

rssniper (49)in #blockchain • 7 years ago

ASIC a smart contract can be used to define certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights. once signed it can never be altered. a two way smart contract is an unalterable agreement stored on the blockchain that has specific logic operations akin to a real world contract.
MEDIUM OF EXCHANGE a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.
DESKTOP WALLET allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
SATOSHI NAKAMOTO is aimed at solving issues associated with censorship, fraud and third-party interference. ethereum is a blockchain-based decentralised platform for apps that run smart contracts.
ETHEREUM oracles work (by providing data to the smart contracts) as a bridge between the real world and the blockchain.
PROOF-OF-WORK often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’.
ORACLES 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.
SMART CONTRACT like usd, eur or cny, is any money declared by a government to be to be valid for meeting a financial obligation.
HARD FORK a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa.
FIAT CURRENCY in 2008, nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. is a person or group of people who created the bitcoin protocol and reference software, bitcoin core (formerly known as bitcoin-qt). the mysterious creator of bitcoin. in 2009, they released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins.
Source + Source


ASIC	a smart contract can be used to define certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights. once signed it can never be altered. a two way smart contract is an unalterable agreement stored on the blockchain that has specific logic operations akin to a real world contract.
MEDIUM OF EXCHANGE	a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.
DESKTOP WALLET	allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
SATOSHI NAKAMOTO	is aimed at solving issues associated with censorship, fraud and third-party interference. ethereum is a blockchain-based decentralised platform for apps that run smart contracts.
ETHEREUM	oracles work (by providing data to the smart contracts) as a bridge between the real world and the blockchain.
PROOF-OF-WORK	often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’.
ORACLES	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.
SMART CONTRACT	like usd, eur or cny, is any money declared by a government to be to be valid for meeting a financial obligation.
HARD FORK	a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa.
FIAT CURRENCY	in 2008, nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. is a person or group of people who created the bitcoin protocol and reference software, bitcoin core (formerly known as bitcoin-qt). the mysterious creator of bitcoin. in 2009, they released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins.

ASIC often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’.
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.
DESKTOP WALLET allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
SATOSHI NAKAMOTO in 2008, nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. is a person or group of people who created the bitcoin protocol and reference software, bitcoin core (formerly known as bitcoin-qt). the mysterious creator of bitcoin. in 2009, they released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins.
ETHEREUM is aimed at solving issues associated with censorship, fraud and third-party interference. ethereum is a blockchain-based decentralised platform for apps that run smart contracts.
PROOF-OF-WORK a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.
ORACLES oracles work (by providing data to the smart contracts) as a bridge between the real world and the blockchain.
SMART CONTRACT a smart contract can be used to define certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights. once signed it can never be altered. a two way smart contract is an unalterable agreement stored on the blockchain that has specific logic operations akin to a real world contract.
HARD FORK a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa.
FIAT CURRENCY like usd, eur or cny, is any money declared by a government to be to be valid for meeting a financial obligation.
Source + Source


ASIC	often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’.
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.
DESKTOP WALLET	allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
SATOSHI NAKAMOTO	in 2008, nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. is a person or group of people who created the bitcoin protocol and reference software, bitcoin core (formerly known as bitcoin-qt). the mysterious creator of bitcoin. in 2009, they released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins.
ETHEREUM	is aimed at solving issues associated with censorship, fraud and third-party interference. ethereum is a blockchain-based decentralised platform for apps that run smart contracts.
PROOF-OF-WORK	a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.
ORACLES	oracles work (by providing data to the smart contracts) as a bridge between the real world and the blockchain.
SMART CONTRACT	a smart contract can be used to define certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights. once signed it can never be altered. a two way smart contract is an unalterable agreement stored on the blockchain that has specific logic operations akin to a real world contract.
HARD FORK	a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa.
FIAT CURRENCY	like usd, eur or cny, is any money declared by a government to be to be valid for meeting a financial obligation.

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7 years ago in #blockchain by rssniper (49)

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ASIC - MEDIUM OF EXCHANGE - DESKTOP WALLET - SATOSHI NAKAMOTO - ETHEREUM - PROOF-OF-WORK - ORACLES - SMART CONTRACT - HARD FORK - FIAT CURRENCY -

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