ASIC - CRYPTOGRAPHY - DETERMINISTIC WALLET - SATOSHI -

in #cryptocurrency • 7 years ago


ASIC
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
CRYPTOGRAPHY
this seed is all that is needed to restore a wallet if it is lost and can allow the creation of public addresses without the knowledge of the private key. a wallet based on a system of deriving multiple keys from a single starting point known as a seed. Source + Source
DETERMINISTIC WALLET
often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’. Source + Source
SATOSHI
there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible. Source + Source


ASIC
often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’. 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
DETERMINISTIC WALLET
this seed is all that is needed to restore a wallet if it is lost and can allow the creation of public addresses without the knowledge of the private key. a wallet based on a system of deriving multiple keys from a single starting point known as a seed. Source + Source
SATOSHI
there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible. Source + Source

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