DISTRIBUTED NETWORK - DESKTOP WALLET - HARD FORK - TURING COMPLETE - BIP - BLOCKCHAIN - HASH - SPV - CENTRAL LEDGER - DISTRIBUTED LEDGER -

megan.brown (48)in #cryptocurrency • 7 years ago

DISTRIBUTED NETWORK 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.
DESKTOP WALLET 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.
HARD FORK the blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks.
TURING COMPLETE allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
BIP a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes.
BLOCKCHAIN a ledger that is maintained by a central agency.
HASH a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa.
SPV this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.
CENTRAL LEDGER can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
DISTRIBUTED LEDGER rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.
Source + Source


DISTRIBUTED NETWORK	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.
DESKTOP WALLET	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.
HARD FORK	the blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks.
TURING COMPLETE	allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
BIP	a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes.
BLOCKCHAIN	a ledger that is maintained by a central agency.
HASH	a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa.
SPV	this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.
CENTRAL LEDGER	can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
DISTRIBUTED LEDGER	rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.

DISTRIBUTED NETWORK rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.
DESKTOP WALLET allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
HARD FORK a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa.
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.
BIP can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
BLOCKCHAIN the blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks.
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.
SPV this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.
CENTRAL LEDGER a ledger that is maintained by a central agency.
DISTRIBUTED LEDGER a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes.
Source + Source


DISTRIBUTED NETWORK	rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.
DESKTOP WALLET	allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer.
HARD FORK	a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa.
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.
BIP	can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
BLOCKCHAIN	the blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks.
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.
SPV	this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.
CENTRAL LEDGER	a ledger that is maintained by a central agency.
DISTRIBUTED LEDGER	a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes.

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7 years ago in #cryptocurrency by megan.brown (48)

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DISTRIBUTED NETWORK - DESKTOP WALLET - HARD FORK - TURING COMPLETE - BIP - BLOCKCHAIN - HASH - SPV - CENTRAL LEDGER - DISTRIBUTED LEDGER -

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