DISTRIBUTED DENIAL OF SERVICE (DDOS) - DECENTRALIZED - FIAT CURRENCY - BITCOIN PROTOCOL -

in #cryptocurrency6 years ago


DISTRIBUTED DENIAL OF SERVICE (DDOS)
protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.Source + Source
DECENTRALIZED
means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.Source + Source
FIAT CURRENCY
like usd, eur or cny, is any money declared by a government to be to be valid for meeting a financial obligation.Source + Source
BITCOIN PROTOCOL
often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. can cause a sustained downtime on said network or even make them crash completely. a very dangerous threat for cryptocurrency users. Source + Source


DISTRIBUTED DENIAL OF SERVICE (DDOS)
often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. can cause a sustained downtime on said network or even make them crash completely. a very dangerous threat for cryptocurrency users. Source + Source
DECENTRALIZED
means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.Source + Source
FIAT CURRENCY
like usd, eur or cny, is any money declared by a government to be to be valid for meeting a financial obligation.Source + Source
BITCOIN PROTOCOL
protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.Source + Source

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