PAPER WALLET - BITCOIN PROTOCOL - QR CODE - PROOF-OF-WORK -

madison.gagnon (38)in #cryptocurrency • 5 years ago


PAPER WALLET	qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data. a digital representation of a bitcoin public or private key that is easy to scan by digital cameras. ^{Source + Source}
BITCOIN PROTOCOL	a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.^{Source + Source}
QR CODE	all traces of the key are removed from the computer where it was generated. a form of cold storage where a private key for bitcoin address is printed on a piece of paper (with or without encryption). ^{Source + Source}
PROOF-OF-WORK	protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.^{Source + Source}


PAPER WALLET	all traces of the key are removed from the computer where it was generated. a form of cold storage where a private key for bitcoin address is printed on a piece of paper (with or without encryption). ^{Source + Source}
BITCOIN PROTOCOL	protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.^{Source + Source}
QR CODE	qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data. a digital representation of a bitcoin public or private key that is easy to scan by digital cameras. ^{Source + Source}
PROOF-OF-WORK	a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.^{Source + Source}

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