EXCHANGE - PROOF-OF-WORK - DAPP - SMART CONTRACTS -

in #blockchain6 years ago


EXCHANGE
smart contracts encode business rules ( that are enforced by the participants of the network) in a programmable language onto the blockchain.Source + Source
PROOF-OF-WORK
an application that operates autonomously, has its data stored on a blockchain, incentivized in the form of cryptographic tokens and operates on a protocol that shows proof of value. is a decentralised application that is open source. Source + Source
DAPP
a place used by sellers and buyers where they can trade bitcoins or other cryptocurrencies.Source + Source
SMART CONTRACTS
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.Source + Source


EXCHANGE
a place used by sellers and buyers where they can trade bitcoins or other cryptocurrencies.Source + Source
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.Source + Source
DAPP
an application that operates autonomously, has its data stored on a blockchain, incentivized in the form of cryptographic tokens and operates on a protocol that shows proof of value. is a decentralised application that is open source. Source + Source
SMART CONTRACTS
smart contracts encode business rules ( that are enforced by the participants of the network) in a programmable language onto the blockchain.Source + Source

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