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| CRYPTOGRAPHY | is a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. sometimes referred to as the silver of bitcoin’s gold. |
| PRIVATE KEY | a two way smart contract is an unalterable agreement stored on the blockchain that has specific logic operations akin to a real world contract. once signed it can never be altered. a smart contract can be used to define certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights. |
| CONSORTIUM BLOCKCHAIN | a specific computer chip which has been created for the sole purpose of, for example, mine data blocks. |
| LITECOIN | bip148 is a user activated soft fork (uasf) that was designed to cause the existing segwit masf deployment to cause activation in all existing segwit capable node software (which currently is 80% of the network nodes) |
| BIP148 | forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. a split in the blockchain where there are temporarily two different blockchains which miners can work on. 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. this deliberate change is called a “hard 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. |
| FORK | a bitcoin transaction which requires signatures from multiple parties to authorize the sending of bitcoins. this has the potential to improve consumer protection. |
| SMART CONTRACT | is the practice and study of techniques for secure communication in the presence of third parties called adversaries. cryptocurrencies are built on cryptography. they are not secured by people or by trust, but by math. it is more probable that an asteroid falls on your house than that a bitcoin address is compromised. |
| PUBLIC/PRIVATE KEY | a private key is a string of data that allows you to access the tokens in a specific wallet. they act as passwords that are kept hidden from anyone but the owner of the address. |
| MULTI SIGNATURE TRANSACTION | a blockchain where the consensus process is controlled by a pre-selected set of nodes; for example, a consortium of 15 financial institutions. |
| APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) | in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message. another party can then receive the message and using a key that is only known to that individual or group, decode the message. |
| |  |
| CRYPTOGRAPHY | is the practice and study of techniques for secure communication in the presence of third parties called adversaries. cryptocurrencies are built on cryptography. they are not secured by people or by trust, but by math. it is more probable that an asteroid falls on your house than that a bitcoin address is compromised. |
| PRIVATE KEY | a private key is a string of data that allows you to access the tokens in a specific wallet. they act as passwords that are kept hidden from anyone but the owner of the address. |
| CONSORTIUM BLOCKCHAIN | a blockchain where the consensus process is controlled by a pre-selected set of nodes; for example, a consortium of 15 financial institutions. |
| LITECOIN | is a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. sometimes referred to as the silver of bitcoin’s gold. |
| BIP148 | bip148 is a user activated soft fork (uasf) that was designed to cause the existing segwit masf deployment to cause activation in all existing segwit capable node software (which currently is 80% of the network nodes) |
| FORK | forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. a split in the blockchain where there are temporarily two different blockchains which miners can work on. 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. this deliberate change is called a “hard 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. |
| SMART CONTRACT | a two way smart contract is an unalterable agreement stored on the blockchain that has specific logic operations akin to a real world contract. once signed it can never be altered. a smart contract can be used to define certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights. |
| PUBLIC/PRIVATE KEY | in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message. another party can then receive the message and using a key that is only known to that individual or group, decode the message. |
| MULTI SIGNATURE TRANSACTION | a bitcoin transaction which requires signatures from multiple parties to authorize the sending of bitcoins. this has the potential to improve consumer protection. |
| APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) | a specific computer chip which has been created for the sole purpose of, for example, mine data blocks. |
