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| SATOSHI | an altcoin first started as a joke in late 2013. dogecoin, which features a japanese fighting dog as its mascot, gained a broad international following and quickly grew to have a multi-million dollar market capitalization. |
| ALTCOINS | a transaction is a file that says, “bob gives x bitcoin to alice“ and is signed by bob‘s private key. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. the transaction is known almost immediately by the whole network. but only after a specific amount of time it gets confirmed. as long as a transaction is unconfirmed, it is pending and can be forged. when a transaction is confirmed, it is set in stone. |
| DOGECOIN | a name coined as the merger of the words bitcoin and alternative. these concern all coins that came after the initial release of the famous bitcoin, the first decentralized cryptocurrency |
| QR CODE | any computer network where two or more computers are connected and share resources without going through a separate server. these networks can become massive, allowing for things like file-sharing or cryptocurrency. |
| ETHEREUM CLASSIC | the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin. |
| DIGITAL ASSET | anything that exists in a binary format and comes with the right to use. data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. |
| PEER-TO-PEER NETWORK (P2P) | 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. |
| SMART CONTRACT | a split from an existing cryptocurrency, ethereum after a hard fork. |
| 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. |
| BITCOIN TRANSACTION | 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 |
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| SATOSHI | the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin. |
| ALTCOINS | a name coined as the merger of the words bitcoin and alternative. these concern all coins that came after the initial release of the famous bitcoin, the first decentralized cryptocurrency |
| DOGECOIN | an altcoin first started as a joke in late 2013. dogecoin, which features a japanese fighting dog as its mascot, gained a broad international following and quickly grew to have a multi-million dollar market capitalization. |
| 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 |
| ETHEREUM CLASSIC | a split from an existing cryptocurrency, ethereum after a hard fork. |
| DIGITAL ASSET | anything that exists in a binary format and comes with the right to use. data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. |
| PEER-TO-PEER NETWORK (P2P) | any computer network where two or more computers are connected and share resources without going through a separate server. these networks can become massive, allowing for things like file-sharing or cryptocurrency. |
| 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. |
| 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. |
| BITCOIN TRANSACTION | a transaction is a file that says, “bob gives x bitcoin to alice“ and is signed by bob‘s private key. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. the transaction is known almost immediately by the whole network. but only after a specific amount of time it gets confirmed. as long as a transaction is unconfirmed, it is pending and can be forged. when a transaction is confirmed, it is set in stone. |
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