LIGHT NODE - TRANSACTION BLOCK - CRYPTOCURRENCY - CONSENSUS - BITCOIN NETWORK - HYBRID POS/POW - COLD STORAGE - MASF - IPFS - SEGWIT (SEGREGATED WITNESS) -

rstracer (48)in #blockchain • 7 years ago

LIGHT NODE 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”.
TRANSACTION BLOCK in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network.
CRYPTOCURRENCY 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.
CONSENSUS it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities.
BITCOIN NETWORK a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings.
HYBRID POS/POW miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
COLD STORAGE this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain.
MASF specifically, it also removes transaction malleability, an issue that once resolved could lead to a number of network improvements. an optimization proposed by bitcoin core developer pieter wuille at the end of 2015, segwit increases the volume of transactions that fit into each block without raising the block size parameter.
IPFS cryptocurrencies are representations of digital assets. also known as tokens.
SEGWIT (SEGREGATED WITNESS) gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.
Source + Source


LIGHT NODE	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”.
TRANSACTION BLOCK	in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network.
CRYPTOCURRENCY	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.
CONSENSUS	it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities.
BITCOIN NETWORK	a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings.
HYBRID POS/POW	miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
COLD STORAGE	this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain.
MASF	specifically, it also removes transaction malleability, an issue that once resolved could lead to a number of network improvements. an optimization proposed by bitcoin core developer pieter wuille at the end of 2015, segwit increases the volume of transactions that fit into each block without raising the block size parameter.
IPFS	cryptocurrencies are representations of digital assets. also known as tokens.
SEGWIT (SEGREGATED WITNESS)	gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.

LIGHT NODE a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings.
TRANSACTION BLOCK gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.
CRYPTOCURRENCY cryptocurrencies are representations of digital assets. also known as tokens.
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.
BITCOIN NETWORK this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain.
HYBRID POS/POW in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network.
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”.
MASF miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
IPFS it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities.
SEGWIT (SEGREGATED WITNESS) specifically, it also removes transaction malleability, an issue that once resolved could lead to a number of network improvements. an optimization proposed by bitcoin core developer pieter wuille at the end of 2015, segwit increases the volume of transactions that fit into each block without raising the block size parameter.
Source + Source


LIGHT NODE	a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings.
TRANSACTION BLOCK	gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.
CRYPTOCURRENCY	cryptocurrencies are representations of digital assets. also known as tokens.
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.
BITCOIN NETWORK	this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain.
HYBRID POS/POW	in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network.
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”.
MASF	miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
IPFS	it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities.
SEGWIT (SEGREGATED WITNESS)	specifically, it also removes transaction malleability, an issue that once resolved could lead to a number of network improvements. an optimization proposed by bitcoin core developer pieter wuille at the end of 2015, segwit increases the volume of transactions that fit into each block without raising the block size parameter.

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7 years ago in #blockchain by rstracer (48)

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LIGHT NODE - TRANSACTION BLOCK - CRYPTOCURRENCY - CONSENSUS - BITCOIN NETWORK - HYBRID POS/POW - COLD STORAGE - MASF - IPFS - SEGWIT (SEGREGATED WITNESS) -

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