BITCOIN NETWORK - BITCOIN PROTOCOL - CRYPTOGRAPHY - FIAT CURRENCY -

matthew.davis (49)in #cryptocurrency • 6 years ago


BITCOIN NETWORK	it is more probable that an asteroid falls on your house than that a bitcoin address is compromised. cryptocurrencies are not secured by people or by trust, but by math. cryptocurrencies are built on cryptography. is the practice and study of techniques for secure communication in the presence of third parties called adversaries.^{Source + Source}
BITCOIN PROTOCOL	like usd, eur or cny, is any money declared by a government to be to be valid for meeting a financial obligation.^{Source + Source}
CRYPTOGRAPHY	this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain. ^{Source + Source}
FIAT CURRENCY	protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.^{Source + Source}


BITCOIN NETWORK	this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain. ^{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}
CRYPTOGRAPHY	it is more probable that an asteroid falls on your house than that a bitcoin address is compromised. cryptocurrencies are not secured by people or by trust, but by math. cryptocurrencies are built on cryptography. is the practice and study of techniques for secure communication in the presence of third parties called adversaries.^{Source + Source}
FIAT CURRENCY	like usd, eur or cny, is any money declared by a government to be to be valid for meeting a financial obligation.^{Source + Source}

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