COLD STORAGE - MULTI SIGNATURE TRANSACTION - BITCOIN - QR CODE -

in blockchain •  2 months ago


COLD STORAGE
bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin can refer to the protocol, network or the unit of currency. 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
BITCOIN
qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data. a digital representation of a bitcoin public or private key that is easy to scan by digital cameras. Source + Source
QR CODE
these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. Source + Source


COLD STORAGE
these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. 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
BITCOIN
bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin can refer to the protocol, network or the unit of currency. Source + Source
QR CODE
qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data. a digital representation of a bitcoin public or private key that is easy to scan by digital cameras. Source + Source

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