 |  |
| BLOCK | this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. |
| SMART CONTRACT | the uasf concept was combined with segwit activation in the bip148 proposal which became active on 1st august 2017. it’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. user activated soft fork. |
| USAF | a smart contract can be used to define certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights. once signed it can never be altered. a two way smart contract is an unalterable agreement stored on the blockchain that has specific logic operations akin to a real world contract. |
| DOUBLE SPENDING | every ethereum node runs on the evm to maintain consensus across the blockchain. it is a turing complete virtual machine that allows anyone to execute arbitrary evm byte code. the ethereum virtual machine (evm). |
| MINING | this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data. |
| HASH | by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. in this cryptocurrency boom, mining can be a lucrative business when done properly. the necessity of validation warrants an incentive for the miners, usually in the form of coins. mining is the act of validating blockchain transactions. |
| BITCOIN CASH (BCH) | protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network. |
| EVM | they carry permanently recorded data on the blockchain network. blocks are packages of data. |
| BITCOIN PROTOCOL | a place used by sellers and buyers where they can trade bitcoins or other cryptocurrencies. |
| EXCHANGE | it’s launch date was 1 st august 2017 to coincide with the bip148 segwit signaling activation. a hard fork of bitcoin led by bitcoin mining pool viabtc that supports ‘big blocks’ of up to 8mb and removes segwit. |
| |  |
| BLOCK | they carry permanently recorded data on the blockchain network. blocks are packages of data. |
| SMART CONTRACT | a smart contract can be used to define certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights. once signed it can never be altered. a two way smart contract is an unalterable agreement stored on the blockchain that has specific logic operations akin to a real world contract. |
| USAF | the uasf concept was combined with segwit activation in the bip148 proposal which became active on 1st august 2017. it’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. user activated soft fork. |
| DOUBLE SPENDING | this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. |
| MINING | by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. in this cryptocurrency boom, mining can be a lucrative business when done properly. the necessity of validation warrants an incentive for the miners, usually in the form of coins. mining is the act of validating blockchain transactions. |
| HASH | this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data. |
| BITCOIN CASH (BCH) | it’s launch date was 1 st august 2017 to coincide with the bip148 segwit signaling activation. a hard fork of bitcoin led by bitcoin mining pool viabtc that supports ‘big blocks’ of up to 8mb and removes segwit. |
| EVM | every ethereum node runs on the evm to maintain consensus across the blockchain. it is a turing complete virtual machine that allows anyone to execute arbitrary evm byte code. the ethereum virtual machine (evm). |
| BITCOIN PROTOCOL | protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network. |
| EXCHANGE | a place used by sellers and buyers where they can trade bitcoins or other cryptocurrencies. |
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