MEMPOOL - BITCOIN ATM - DISTRIBUTED NETWORK - BITCOIN NETWORK - MULTI SIGNATURE TRANSACTION - ASIC - BITCOIN - OPEN SOURCE - ALTCOINS - APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) -

in #money7 years ago


MEMPOOL this has the potential to improve consumer protection. a bitcoin transaction which requires signatures from multiple parties to authorize the sending of bitcoins.
BITCOIN ATM rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.
DISTRIBUTED NETWORK often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’.
BITCOIN NETWORK the unconfirmed transactions stored by a node until they either expire or get included in the main chain. a technical term that refers to a collection of these transactions.
MULTI SIGNATURE TRANSACTION a chip created for mining data blocks. a specific computer chip which has been created for the sole purpose of.
ASIC people can trade fiat currency and bitcoins on this cash point.
BITCOIN to allow the source to be distributed and altered by anyone.the practice of sharing the source code for a piece of computer software.
OPEN SOURCE these concern all coins that came after the initial release of the famous bitcoin, the first decentralized cryptocurrency. a name coined as the merger of the words bitcoin & alternative.
ALTCOINS this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain.
APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin can refer to the protocol, network or the unit of currency.
Source + Source


MEMPOOL the unconfirmed transactions stored by a node until they either expire or get included in the main chain. a technical term that refers to a collection of these transactions.
BITCOIN ATM people can trade fiat currency and bitcoins on this cash point.
DISTRIBUTED NETWORK rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.
BITCOIN NETWORK this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain.
MULTI SIGNATURE TRANSACTION this has the potential to improve consumer protection. a bitcoin transaction which requires signatures from multiple parties to authorize the sending of bitcoins.
ASIC often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’.
BITCOIN bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin can refer to the protocol, network or the unit of currency.
OPEN SOURCE to allow the source to be distributed and altered by anyone.the practice of sharing the source code for a piece of computer software.
ALTCOINS these concern all coins that came after the initial release of the famous bitcoin, the first decentralized cryptocurrency. a name coined as the merger of the words bitcoin & alternative.
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.
Source + Source

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