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| EVM | the act of calling in a margin requirement. an exchange will issue a margin call when it feels that a trader does not have sufficient funds to cover a leveraged trading position. |
| SMART CONTRACTS | bitcoins have a finite supply, which makes them a scarce digital commodity. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years. this is called “halving.” the final halving will take place in the year 2140. |
| TRANSACTION BLOCK | distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. a distributed ledger does not have to have its own currency and may be permissioned and private. |
| PROOF-OF-WORK | smart contracts encode business rules in a programmable language onto the blockchain and are enforced by the participants of the network. |
| HALVING | anti-money laundering techniques are used to stop people converting illegally obtained funds, to appear as though they have been earned legally. aml mechanisms can be legal or technical in nature. regulators frequently apply aml techniques to bitcoin exchanges. |
| DISTRIBUTED LEDGER | a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. this kind of fork requires only a majority of the miners upgrading to enforce the new rules |
| BITCOIN PROTOCOL | the open source, cryptographic protocol which operates on the bitcoin network, setting the “rules” for how the network runs. |
| MARGIN CALL | the ethereum virtual machine (evm) is a turing complete virtual machine that allows anyone to execute arbitrary evm byte code. every ethereum node runs on the evm to maintain consensus across the blockchain. |
| AML | a collection of transactions gathered into a block that can then be hashed and added to the blockchain. |
| SOFTFORK | a proof of work is a piece of data which is difficult (costly, time-consuming) to produce but easy for others to verify and which satisfies certain requirements. |
| |  |
| EVM | the ethereum virtual machine (evm) is a turing complete virtual machine that allows anyone to execute arbitrary evm byte code. every ethereum node runs on the evm to maintain consensus across the blockchain. |
| SMART CONTRACTS | smart contracts encode business rules in a programmable language onto the blockchain and are enforced by the participants of the network. |
| TRANSACTION BLOCK | a collection of transactions gathered into a block that can then be hashed and added to the blockchain. |
| PROOF-OF-WORK | a proof of work is a piece of data which is difficult (costly, time-consuming) to produce but easy for others to verify and which satisfies certain requirements. |
| HALVING | bitcoins have a finite supply, which makes them a scarce digital commodity. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years. this is called “halving.” the final halving will take place in the year 2140. |
| DISTRIBUTED LEDGER | distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. a distributed ledger does not have to have its own currency and may be permissioned and private. |
| BITCOIN PROTOCOL | the open source, cryptographic protocol which operates on the bitcoin network, setting the “rules” for how the network runs. |
| MARGIN CALL | the act of calling in a margin requirement. an exchange will issue a margin call when it feels that a trader does not have sufficient funds to cover a leveraged trading position. |
| AML | anti-money laundering techniques are used to stop people converting illegally obtained funds, to appear as though they have been earned legally. aml mechanisms can be legal or technical in nature. regulators frequently apply aml techniques to bitcoin exchanges. |
| SOFTFORK | a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. this kind of fork requires only a majority of the miners upgrading to enforce the new rules |
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thanks for amazing post !!