TRANSACTION BLOCK - SOLIDITY - PUBLIC ADDRESS - FORK - BLOCK TIMESTAMP - SEGWIT2X - TURING COMPLETE - CONSENSUS - DAO - CENTRAL LEDGER -

in #blockchain7 years ago


TRANSACTION BLOCK its syntax is similar to that of javascript, and it is intended to compile into bytecode for the ethereum virtual machine(evm). solidity is ethereum’s programming language for developing smart contracts.
SOLIDITY gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.
PUBLIC ADDRESS the consensus is achieved by ensuring that the ledgers are exact copies of each other and all participants of the network agree on the validity of the transactions.
FORK also known as “dacs”. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. decentralised autonomous organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules.
BLOCK TIMESTAMP unlike private keys, they act as email addresses that can be published anywhere. a public address is the cryptographic hash of a public key.
SEGWIT2X they help to make it more difficult for someone else to manipulate the blockchain. each block contains a timestamp in unix format.
TURING COMPLETE 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'.
CONSENSUS an example of this is the ethereum virtual machine (evm). the ability of a machine to perform calculations that any other programmable computer is capable of, is referred by turing complete refers to.
DAO a ledger that is maintained by a central agency.
CENTRAL LEDGER it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
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TRANSACTION BLOCK gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.
SOLIDITY its syntax is similar to that of javascript, and it is intended to compile into bytecode for the ethereum virtual machine(evm). solidity is ethereum’s programming language for developing smart contracts.
PUBLIC ADDRESS unlike private keys, they act as email addresses that can be published anywhere. a public address is the cryptographic hash of a public key.
FORK it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
BLOCK TIMESTAMP they help to make it more difficult for someone else to manipulate the blockchain. each block contains a timestamp in unix format.
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'.
TURING COMPLETE an example of this is the ethereum virtual machine (evm). the ability of a machine to perform calculations that any other programmable computer is capable of, is referred by turing complete refers to.
CONSENSUS the consensus is achieved by ensuring that the ledgers are exact copies of each other and all participants of the network agree on the validity of the transactions.
DAO also known as “dacs”. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. decentralised autonomous organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules.
CENTRAL LEDGER a ledger that is maintained by a central agency.
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