Bitcoin terms

in #life7 years ago

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Bitcoin:

Bitcoin is the name given to the digital currency that Satoshi Nakamoto has created

Altcoin:

All the crypto parallax that emerged after Bitcoin is called Altcoin. The main reason for this is that they are created by separating from Bitcoin or by taking the example of Bitcoin's sub-structure as an example.

Ether:

Ether, Ethereum is the name given to coin fuel. There are many toes with an ethereal base, and ether fuels are used to operate these toes and the Ethereum system.

Token:

It is the fuel of the project like Ether just after giving the tokens, which are the tokens of the Turkish token, something to the people who are investing in the projects proposed with the purpose of using and producing ICO, for the contribution to the project and after the passing of the project.

ICO:

It is a form of open support for the passage of the projected work on the blockchain-based systems. With ICO, you can contribute to the projects you want and you can support the project.

Weak Hand:

Coin prices are used to sell immediately to those who worry about loss when the decline occurs.

Mining:

Bitcoin and other Altcoins; to be presented in the digital environment, to be presented to the market, to perform transactions in this currency, and to provide the necessary approvals. Minin's Turkish is mining. Mining miner is also called miner. What is Mining?

Hash:

It is the cryptographic code of the blocks in the block chain. In other words, it is a method of estimating combinations of blocks of blocks in Blockchain.

Hashrate:

The average yield of mining equipment is given to the power of finding. In other words, in a second, it is the name given to the number of combinations a machine can predict.

Proof Of work:

A miner pays after finding a hash of a block. As an example from Bitcoin, a Bitcoin miner earns 12.5 Bitcoin as a reward after finding a block hash code. This is given as evidence of the truth of the work and the compensation of the job you earned.

Proof Of Stake:

An alternative to the Proof of Work system. Contrary to Proof of Work, it aims to earn people coin in proportion to their investments. So the more coins you have, the more chance you have to win a new coin.

What is Satoshi? :


1 BTC = 1,000 mBTC (millibitcoin)
1 BTC = 1,000,000 μBTC (microbitcoin)
1 BTC = 100,000,000 Satoshi
1 mBTC = 100,000 Satoshi
1 μBTC (microbitcoin) = 100 Satoshi
1 Satoshi = 0.00000001 ฿ 10 Satoshi = 0.00000010 ฿ 100 Satoshi = 0.00000100 ฿ = 1 Bit / μBTC (you-bit) 1,000 Satoshi = 0.00001000 ฿ Anti Money Laundering: To ensure that you look like a legally gained similar, is the term used to stop people turning the fund. There is a single bitcoin and Crypto that are not related to money, but that have prevented the black money from spreading all over the world. Masaka has been established for this purpose in Turkey.

ASIC:

A silicon chip designed specifically to perform a single task. It is a processor system that moves with physiologically related instruction sets on its own functions. ASICs are cheaper and faster than general purpose processors that can do the same thing. It has been designed to handle SHA-256 hash problems in removing bitcoins.

Attack 51%:

Crypto is a single miner bringing production in a network of money mining to a point where a group of miners make up more than half of the production energy. Thus, theoretically, the operation and the production cause this person or group to pass through. This amount of power makes them theoretically the authority of the network. It is assumed that all the miners on the network are trusted to have this power. Because it can manage the following operations that hold this power. • Removing a transaction that conflicts with someone else's system • Stopping the verification of another miner's transaction • Spending the generated crypto money more than once • Retiring other miners from issuing valid blocks.

Bitcoin Investment Trust:

This specialist invests in open funds, especially Bitcoin, and uses a technological protocol to safeguard Bitcoins in the name of investors and shareholders. It gives people involved in this fleet a safe way to invest in Bitcoin, without having to keep their own digital money and buy it.

Arbitrage:

It is a way of making money by providing crossing between Bitcoin, Ethereum and Altco. Generally, it is more possible to make profit by transferring between foreign stock exchanges and Turkish stock exchanges.

Ledger:

We can call Ledger's Turkic account book. In our book, we generally preferred not to book as a short form. These books are the names given to the places where the Bitcoin and Altcoin movements in the blocks of the block chain are held.

Wallet:

The wallet is the proof of the Turkish language. These wallets ensure that you keep your Bitcoins and Altcoins in your hands outside the stock market. Today, there are two types of walelt: hardware and online. During Walletelr installations, you are provided with public and private keys. During wallet installs, you get public and private keys. How to Create a Wallet

BitPay:

It is a payment processor that offers technical sub-establishments that allow virtual or real businesses to receive Bitcoin payments.

BitStamp:

Dollars The popular bitcoin stock market you can buy or sell for Bitcoin.

Online Wallet:

These are wallet types that enable you to store your coins on computers and mobile phones. How to Use Crypto Money Wall

Hardware Wallet: Hardware wallets. Your coins physically provide you with your bedside. Hardware wallets are more secure than online wallets and provide stronger protection.

Public Key:

Your address is where you will send your BitCoin and your SubCoins, and BitCoin and AltCoin will use it.
Sample :
3BRFwhTsBFvDqZk9ovxJr3oC9Sj6hoBGnSbir is the public key address.

Private Key (Private Key):

Private keyler is the only one you need to know. For this reason you can see your private keys as passwords.
Sample :
5Jh4DsK7Hq6t9rfTzVDgG3gaDbPE4mjYZjtm2RadPxHVHHZn9p 7 is an example of a private key.
Fork: The Turkish counterpart is "forked". There are two types of fork: soft fork and hard fork.

Cryptocurrencry:

Turkish is the crypto currency. For Bitcoin and many Altcoins this term is used because the codes and coding styles of these coins are realized by cryptography.

Fiat Money:

Turkish currency is "nominal currency". It is a currency formed by the trust of a state in respect of power. It does not find any provision for any precious metal.

Cryptography:

Cryptography; confidentiality, identity integrity, and so on. These methods are intended to protect the sender of information and information against passive threats that may be encountered during the transmission of information.

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