CONSENSUS - COLD STORAGE - IRREVERSIBLE - MASF -

in #money • 7 years ago


CONSENSUS
these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. Source + Source
COLD STORAGE
miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade. Source + Source
IRREVERSIBLE
the consensus is achieved by ensuring that the ledgers are exact copies of each other and all participants of the network agree on the validity of the transactions. Source + Source
MASF
there is no safety net for that situation. after confirmation, a transaction is unable to be reversed by nobody. Source + Source


CONSENSUS
the consensus is achieved by ensuring that the ledgers are exact copies of each other and all participants of the network agree on the validity of the transactions. Source + Source
COLD STORAGE
these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. Source + Source
IRREVERSIBLE
there is no safety net for that situation. after confirmation, a transaction is unable to be reversed by nobody. Source + Source
MASF
miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade. Source + Source

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