TRANSACTION FEE - HALVING - PAPER WALLET - PRIVATE KEY -

ali.wood (49)in #money • 7 years ago


TRANSACTION FEE	the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee. ^{^{Source + Source}}
HALVING	they act as passwords that are kept hidden from anyone but the owner of the address. a private key is a string of data that allows you to access the tokens in a specific wallet. ^{^{Source + Source}}
PAPER WALLET	the final halving will take place in the year 2140. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years and is called halving. bitcoins have a finite supply, which makes them a scarce digital commodity. ^{^{Source + Source}}
PRIVATE KEY	all traces of the key are removed from the computer where it was generated. a form of cold storage where a private key for bitcoin address is printed on a piece of paper (with or without encryption). ^{^{Source + Source}}


TRANSACTION FEE	the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee. ^{^{Source + Source}}
HALVING	the final halving will take place in the year 2140. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years and is called halving. bitcoins have a finite supply, which makes them a scarce digital commodity. ^{^{Source + Source}}
PAPER WALLET	all traces of the key are removed from the computer where it was generated. a form of cold storage where a private key for bitcoin address is printed on a piece of paper (with or without encryption). ^{^{Source + Source}}
PRIVATE KEY	they act as passwords that are kept hidden from anyone but the owner of the address. a private key is a string of data that allows you to access the tokens in a specific wallet. ^{^{Source + Source}}

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