 |  |
| BLOCK HEIGHT | a service that mixes your bitcoins with someone else’s, sending you back bitcoins with different inputs and outputs from the ones that you sent to it. a mixing service (also known as a tumbler) preserves your privacy because it stops people tracing a particular bitcoin to you. it also has the potential to be used for money laundering. |
| LIGHT NODE | a form of incentive for the miner who successfully calculated the hash in a block during mining. verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those. |
| DESKTOP WALLET | a computer on a blockchain network that only verifies a limited number of transactions relevant to its dealings, making use of the simplified payment verification (spv) mode. |
| DIGITAL ASSET | a wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins. |
| MIXING SERVICE | oracles work as a bridge between the real world and the blockchain by providing data to the smart contracts. |
| WIRE TRANSFER | the number of blocks connected on the blockchain. |
| BLOCK REWARD | a hard fork of bitcoin led by bitcoin mining pool viabtc that supports ‘big blocks’ of up to 8mb and removes segwit. it’s launch date was 1 st august 2017 to coincide with the bip148 segwit signaling activation. |
| BITCOIN CASH (BCH) | electronically transferring money from one person to another. commonly used to send and retrieve fiat currency from bitcoin exchanges |
| LIGHTNING NETWORK | anything that exists in a binary format and comes with the right to use. data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. |
| ORACLES | is a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. this protocol tries to solve the bitcoin scalability problem. |
| |  |
| BLOCK HEIGHT | the number of blocks connected on the blockchain. |
| LIGHT NODE | a computer on a blockchain network that only verifies a limited number of transactions relevant to its dealings, making use of the simplified payment verification (spv) mode. |
| DESKTOP WALLET | a wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins. |
| DIGITAL ASSET | anything that exists in a binary format and comes with the right to use. data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. |
| MIXING SERVICE | a service that mixes your bitcoins with someone else’s, sending you back bitcoins with different inputs and outputs from the ones that you sent to it. a mixing service (also known as a tumbler) preserves your privacy because it stops people tracing a particular bitcoin to you. it also has the potential to be used for money laundering. |
| WIRE TRANSFER | electronically transferring money from one person to another. commonly used to send and retrieve fiat currency from bitcoin exchanges |
| BLOCK REWARD | a form of incentive for the miner who successfully calculated the hash in a block during mining. verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those. |
| BITCOIN CASH (BCH) | a hard fork of bitcoin led by bitcoin mining pool viabtc that supports ‘big blocks’ of up to 8mb and removes segwit. it’s launch date was 1 st august 2017 to coincide with the bip148 segwit signaling activation. |
| LIGHTNING NETWORK | is a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. this protocol tries to solve the bitcoin scalability problem. |
| ORACLES | oracles work as a bridge between the real world and the blockchain by providing data to the smart contracts. |
The agreement of our Team: The following authors decided to create a Team in order to collaborate and share formats and content in our posts. Any copy of content between this Team does not constitute a plagiarism.
