SOFT FORK - DISTRIBUTED LEDGER - SATOSHI NAKAMOTO - ETHEREUM -

matthew.davis (49)in #money • 6 years ago


SOFT FORK	a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. ^{Source + Source}
DISTRIBUTED LEDGER	this type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. a soft fork differs from a hard fork in that only previously valid transactions are made invalid. ^{Source + Source}
SATOSHI NAKAMOTO	is aimed at solving issues associated with censorship, fraud and third-party interference. ethereum is a blockchain-based decentralised platform for apps that run smart contracts. ^{Source + Source}
ETHEREUM	in 2008, nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. is a person or group of people who created the bitcoin protocol and reference software, bitcoin core (formerly known as bitcoin-qt). the mysterious creator of bitcoin. in 2009, they released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins.^{Source + Source}


SOFT FORK	this type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. a soft fork differs from a hard fork in that only previously valid transactions are made invalid. ^{Source + Source}
DISTRIBUTED LEDGER	a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. ^{Source + Source}
SATOSHI NAKAMOTO	in 2008, nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. is a person or group of people who created the bitcoin protocol and reference software, bitcoin core (formerly known as bitcoin-qt). the mysterious creator of bitcoin. in 2009, they released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins.^{Source + Source}
ETHEREUM	is aimed at solving issues associated with censorship, fraud and third-party interference. ethereum is a blockchain-based decentralised platform for apps that run smart contracts. ^{Source + Source}

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