SOFT FORK - IPFS - ETHEREUM - APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) - BITCOIN ATM - BIP - QR CODE - CENTRAL LEDGER - BITCOIN TRANSACTION - TRANSACTION BLOCK -
Source + Source
SOFT FORK gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain. 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. ETHEREUM this type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. a soft fork differs from a hard fork in that only previously valid transactions are made invalid. APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) a chip created for mining data blocks. a specific computer chip which has been created for the sole purpose of. BITCOIN ATM a ledger that is maintained by a central agency. BIP is aimed at solving issues associated with censorship, fraud and third-party interference. ethereum is a blockchain-based decentralised platform for apps that run smart contracts. QR CODE people can trade fiat currency and bitcoins on this cash point. CENTRAL LEDGER can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”. 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. TRANSACTION BLOCK qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data. a digital representation of a bitcoin public or private key that is easy to scan by digital cameras.
Source + Source
SOFT FORK this type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. a soft fork differs from a hard fork in that only previously valid transactions are made invalid. 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. ETHEREUM is aimed at solving issues associated with censorship, fraud and third-party interference. ethereum is a blockchain-based decentralised platform for apps that run smart contracts. APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) a chip created for mining data blocks. a specific computer chip which has been created for the sole purpose of. BITCOIN ATM people can trade fiat currency and bitcoins on this cash point. BIP can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”. QR CODE qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data. a digital representation of a bitcoin public or private key that is easy to scan by digital cameras. CENTRAL LEDGER a ledger that is maintained by a central agency. 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. TRANSACTION BLOCK gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.
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