SEGWIT2X - PROOF- OF- STAKE (POS) - HARDWARE WALLET - SPV -

rssniper (49)in #blockchain • 7 years ago


SEGWIT2X	the more bitcoin or altcoin owned by a miner, the more mining power he or she has. concept states that a person can mine or validate block transactions according to how many coins he or she holds. ^{^{Source + Source}}
PROOF- OF- STAKE (POS)	it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. also knows as the 'the new york agreement'. ^{^{Source + Source}}
HARDWARE WALLET	this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.^{^{Source + Source}}
SPV	a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.^{^{Source + Source}}


SEGWIT2X	it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. also knows as the 'the new york agreement'. ^{^{Source + Source}}
PROOF- OF- STAKE (POS)	the more bitcoin or altcoin owned by a miner, the more mining power he or she has. concept states that a person can mine or validate block transactions according to how many coins he or she holds. ^{^{Source + Source}}
HARDWARE WALLET	a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.^{^{Source + Source}}
SPV	this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.^{^{Source + Source}}

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