DIGITAL SIGNATURE - DAPP - SIDECHAIN - HOT WALLET -

in #money6 years ago


DIGITAL SIGNATURE
these can have their own unique features and can have bitcoins sent to and from them. these are theoretical, independent blockchains which are “two way pegged” to the bitcoin blockchain. Source + Source
DAPP
is generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity. is a digital code. Source + Source
SIDECHAIN
these are used for “every day” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. a bitcoin wallet that has an active connection to the internet. Source + Source
HOT WALLET
an application that operates autonomously, has its data stored on a blockchain, incentivized in the form of cryptographic tokens and operates on a protocol that shows proof of value. is a decentralised application that is open source. Source + Source


DIGITAL SIGNATURE
is generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity. is a digital code. Source + Source
DAPP
an application that operates autonomously, has its data stored on a blockchain, incentivized in the form of cryptographic tokens and operates on a protocol that shows proof of value. is a decentralised application that is open source. Source + Source
SIDECHAIN
these can have their own unique features and can have bitcoins sent to and from them. these are theoretical, independent blockchains which are “two way pegged” to the bitcoin blockchain. Source + Source
HOT WALLET
these are used for “every day” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. a bitcoin wallet that has an active connection to the internet. Source + Source

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