BITCOIN TRANSACTION - OTC EXCHANGE - MULTI SIGNATURE TRANSACTION - LITECOIN -

rssniper (49)in #blockchain • 6 years ago


BITCOIN TRANSACTION	this has the potential to improve consumer protection. a bitcoin transaction which requires signatures from multiple parties to authorize the sending of bitcoins. ^{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}
MULTI SIGNATURE TRANSACTION	sometimes referred to as the silver of bitcoin’s gold. it's a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. ^{Source + Source}
LITECOIN	as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.^{Source + Source}


BITCOIN TRANSACTION	as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.^{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}
MULTI SIGNATURE TRANSACTION	this has the potential to improve consumer protection. a bitcoin transaction which requires signatures from multiple parties to authorize the sending of bitcoins. ^{Source + Source}
LITECOIN	sometimes referred to as the silver of bitcoin’s gold. it's a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. ^{Source + Source}

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