WALLET - DOUBLE SPENDING - ASIC - ASYMMETRIC KEY ALGORITHM -

rspower (48)in #cryptocurrency • 6 years ago


WALLET	it usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for. a file that houses private keys. ^{Source + Source}
DOUBLE SPENDING	this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. ^{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}
ASYMMETRIC KEY ALGORITHM	public and private keys are needed to support cryptocurrency transactions. both sender and receiver have this key, and can send secure information. the algorithm used to generate public and private keys. ^{Source + Source}


WALLET	it usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for. a file that houses private keys. ^{Source + Source}
DOUBLE SPENDING	this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. ^{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}
ASYMMETRIC KEY ALGORITHM	public and private keys are needed to support cryptocurrency transactions. both sender and receiver have this key, and can send secure information. the algorithm used to generate public and private keys. ^{Source + Source}

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