 |  |
| GENESIS BLOCK | a digital representation of a bitcoin public or private key that is easy to scan by digital cameras. qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data |
| ADDRESS | the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin. |
| EXCHANGE RATE | the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities. it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. |
| BTC | the first or first few blocks of a blockchain. |
| MEMPOOL | a blockchain is a shared ledger where transactions are permanently recorded by appending blocks. 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. |
| QR CODE | cryptocurrency addresses are used to send or receive transactions on the network. an address usually presents itself as a string of alphanumeric characters. |
| SEGWIT2X | also knows as the 'the new york agreement' is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. |
| IPFS | a technical term for a collection of unconfirmed transactions stored by a node until they either expire or get included in the main chain. |
| BLOCKCHAIN | normally, money issued by the government, such as the dollar, will have a fluid exchange rate based on the country it is spent in. cryptocurrency does not have this issue as it is digital. however, the exchange rate is based on two things; how it compares to a traditional currency, or how it stacks up against another type of cryptocurrency. |
| SATOSHI | an acronym for bitcoin. a single unit of the bitcoin currency. |
| |  |
| GENESIS BLOCK | the first or first few blocks of a blockchain. |
| ADDRESS | cryptocurrency addresses are used to send or receive transactions on the network. an address usually presents itself as a string of alphanumeric characters. |
| EXCHANGE RATE | normally, money issued by the government, such as the dollar, will have a fluid exchange rate based on the country it is spent in. cryptocurrency does not have this issue as it is digital. however, the exchange rate is based on two things; how it compares to a traditional currency, or how it stacks up against another type of cryptocurrency. |
| BTC | an acronym for bitcoin. a single unit of the bitcoin currency. |
| MEMPOOL | a technical term for a collection of unconfirmed transactions stored by a node until they either expire or get included in the main chain. |
| QR CODE | a digital representation of a bitcoin public or private key that is easy to scan by digital cameras. qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data |
| SEGWIT2X | also knows as the 'the new york agreement' is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. |
| IPFS | the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities. it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. |
| BLOCKCHAIN | a blockchain is a shared ledger where transactions are permanently recorded by appending blocks. 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. |
| SATOSHI | the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin. |
