ETHER - SATOSHI - SOFTFORK - BLOCK -

rstracer (48)in #cryptocurrency • 7 years ago


ETHER	there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible. ^{^{Source + Source}}
SATOSHI	ethereum blockchain is used to pay for transaction fees, miner rewards and other services on the network and this is the native token of the ethereum blockchain. ^{^{Source + Source}}
SOFTFORK	they carry permanently recorded data on the blockchain network. blocks are packages of data. ^{^{Source + Source}}
BLOCK	since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules^{^{Source + Source}}


ETHER	ethereum blockchain is used to pay for transaction fees, miner rewards and other services on the network and this is the native token of the ethereum blockchain. ^{^{Source + Source}}
SATOSHI	there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible. ^{^{Source + Source}}
SOFTFORK	since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules^{^{Source + Source}}
BLOCK	they carry permanently recorded data on the blockchain network. blocks are packages of data. ^{^{Source + Source}}

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