BITCOIN TRANSACTION - IPFS - CROWDSOURCING - SOLIDITY -

rspower (48)in #cryptocurrency • 6 years ago


BITCOIN TRANSACTION	this is usually done online via websites where people can donate. the pooling of resources such as information or money contributed by the general population, to a goal. ^{Source + Source}
IPFS	its syntax is similar to that of javascript, and it is intended to compile into bytecode for the ethereum virtual machine(evm). solidity is ethereum’s programming language for developing smart contracts. ^{Source + Source}
CROWDSOURCING	as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.^{Source + Source}
SOLIDITY	it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities. ^{Source + Source}


BITCOIN TRANSACTION	as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.^{Source + Source}
IPFS	it is a peer-to-peer distributed file system that seeks to connect all computing devices with the same system of files. the interplanetary file system (ipfs) is a hypermedia distribution protocol, addressed by content and identities. ^{Source + Source}
CROWDSOURCING	this is usually done online via websites where people can donate. the pooling of resources such as information or money contributed by the general population, to a goal. ^{Source + Source}
SOLIDITY	its syntax is similar to that of javascript, and it is intended to compile into bytecode for the ethereum virtual machine(evm). solidity is ethereum’s programming language for developing smart contracts. ^{Source + Source}

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