GENESIS BLOCK - ETHEREUM CLASSIC - BIP - EXCHANGE - HASH - FORK - MINER - BITCOIN PROTOCOL - MASF - BLOCK EXPLORER -

matthew.davis (49)in #cryptocurrency • 7 years ago

GENESIS BLOCK 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.
ETHEREUM CLASSIC this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data.
BIP ethereum after a hard fork. a split from an existing cryptocurrency.
EXCHANGE 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.
HASH can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
FORK protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.
MINER it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
BITCOIN PROTOCOL they provide useful information such as network hash rate and transaction growth. block explorer is an online tool to view all transactions, past and current, on the blockchain.
MASF refers to the 1st or first few blocks of a blockchain.
BLOCK EXPLORER a place used by sellers and buyers where they can trade bitcoins or other cryptocurrencies.
Source + Source


GENESIS BLOCK	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.
ETHEREUM CLASSIC	this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data.
BIP	ethereum after a hard fork. a split from an existing cryptocurrency.
EXCHANGE	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.
HASH	can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
FORK	protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.
MINER	it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
BITCOIN PROTOCOL	they provide useful information such as network hash rate and transaction growth. block explorer is an online tool to view all transactions, past and current, on the blockchain.
MASF	refers to the 1st or first few blocks of a blockchain.
BLOCK EXPLORER	a place used by sellers and buyers where they can trade bitcoins or other cryptocurrencies.

GENESIS BLOCK refers to the 1st or first few blocks of a blockchain.
ETHEREUM CLASSIC ethereum after a hard fork. a split from an existing cryptocurrency.
BIP can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
EXCHANGE a place used by sellers and buyers where they can trade bitcoins or other cryptocurrencies.
HASH this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data.
FORK it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
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.
BITCOIN PROTOCOL protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.
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.
BLOCK EXPLORER they provide useful information such as network hash rate and transaction growth. block explorer is an online tool to view all transactions, past and current, on the blockchain.
Source + Source


GENESIS BLOCK	refers to the 1st or first few blocks of a blockchain.
ETHEREUM CLASSIC	ethereum after a hard fork. a split from an existing cryptocurrency.
BIP	can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
EXCHANGE	a place used by sellers and buyers where they can trade bitcoins or other cryptocurrencies.
HASH	this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data.
FORK	it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
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.
BITCOIN PROTOCOL	protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.
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.
BLOCK EXPLORER	they provide useful information such as network hash rate and transaction growth. block explorer is an online tool to view all transactions, past and current, on the blockchain.

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