MT GOX - BITCOIN (UNIT OF CURRENCY) - ASIC - DISTRIBUTED NETWORK -

rssniper (49)in #blockchain • 6 years ago


MT GOX	bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis. ^{Source + Source}
BITCOIN (UNIT OF CURRENCY)	often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’. ^{Source + Source}
ASIC	based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular. ^{Source + Source}
DISTRIBUTED NETWORK	rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.^{Source + Source}


MT GOX	based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular. ^{Source + Source}
BITCOIN (UNIT OF CURRENCY)	bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis. ^{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’. ^{Source + Source}
DISTRIBUTED NETWORK	rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.^{Source + Source}

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