TURING COMPLETE - HARDWARE WALLET - DIGITAL ASSET - WIRE TRANSFER - DESKTOP WALLET - MINER - BIP - AML - CRYPTOGRAPHIC HASH FUNCTION - SCRYPT -

in #cryptocurrency7 years ago


TURING COMPLETE can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
HARDWARE WALLET a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.
DIGITAL ASSET 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.
WIRE TRANSFER a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain.
DESKTOP WALLET allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
MINER commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another.
BIP aml mechanisms can be legal or technical in nature. regulators frequently apply aml techniques to bitcoin exchanges. anti-money laundering techniques are used to stop people converting illegally obtained funds, to appear as though they have been earned legally.
AML the sha-256 computational algorithm is an example of a cryptographic hash. cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input.
CRYPTOGRAPHIC HASH FUNCTION compared to sha256, this is quicker as it does not use up as much processing time. scrypt is a type of cryptographic algorithm and is used by litecoin.
SCRYPT data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. anything that exists in a binary format and comes with the right to use.
Source + Source


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.
HARDWARE WALLET a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.
DIGITAL ASSET data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. anything that exists in a binary format and comes with the right to use.
WIRE TRANSFER commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another.
DESKTOP WALLET allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
MINER a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain.
BIP can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
AML aml mechanisms can be legal or technical in nature. regulators frequently apply aml techniques to bitcoin exchanges. anti-money laundering techniques are used to stop people converting illegally obtained funds, to appear as though they have been earned legally.
CRYPTOGRAPHIC HASH FUNCTION the sha-256 computational algorithm is an example of a cryptographic hash. cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input.
SCRYPT compared to sha256, this is quicker as it does not use up as much processing time. scrypt is a type of cryptographic algorithm and is used by litecoin.
Source + Source

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