ASIC - HARDWARE WALLET - DISTRIBUTED LEDGER - HASH -

rssniper (49)in #cryptocurrency • 6 years ago


ASIC	a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. ^{^{Source + Source}}
HARDWARE WALLET	this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data. ^{^{Source + Source}}
DISTRIBUTED LEDGER	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}}
HASH	a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.^{^{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}}
HARDWARE WALLET	a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.^{^{Source + Source}}
DISTRIBUTED LEDGER	a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. ^{^{Source + Source}}
HASH	this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data. ^{^{Source + Source}}

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