ALTCOINS - QR CODE - SMART CONTRACT - DAPP - MINING POOL - MT GOX - POOL - COLD STORAGE - EVM - SOFTFORK -

megan.brown (48)in #money • 7 years ago

ALTCOINS since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules
QR CODE based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular.
SMART CONTRACT 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”.
DAPP a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining.
MINING POOL mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. a collection of mining clients which collectively mine a block, and then split the reward between them.
MT GOX 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.
POOL an application that operates autonomously, has its data stored on a blockchain, incentivized in the form of cryptographic tokens and operates on a protocol that shows proof of value. is a decentralised application that is open source.
COLD STORAGE 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).
EVM qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data. a digital representation of a bitcoin public or private key that is easy to scan by digital cameras.
SOFTFORK 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.
Source + Source


ALTCOINS	since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules
QR CODE	based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular.
SMART CONTRACT	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”.
DAPP	a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining.
MINING POOL	mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. a collection of mining clients which collectively mine a block, and then split the reward between them.
MT GOX	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.
POOL	an application that operates autonomously, has its data stored on a blockchain, incentivized in the form of cryptographic tokens and operates on a protocol that shows proof of value. is a decentralised application that is open source.
COLD STORAGE	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).
EVM	qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data. a digital representation of a bitcoin public or private key that is easy to scan by digital cameras.
SOFTFORK	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 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.
QR CODE qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data. a digital representation of a bitcoin public or private key that is easy to scan by digital cameras.
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.
DAPP an application that operates autonomously, has its data stored on a blockchain, incentivized in the form of cryptographic tokens and operates on a protocol that shows proof of value. is a decentralised application that is open source.
MINING POOL a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining.
MT GOX based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular.
POOL mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. a collection of mining clients which collectively mine a block, and then split the reward between them.
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”.
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).
SOFTFORK since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules
Source + Source


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.
QR CODE	qr codes are similar to barcodes found on physical products in that they are a machine-friendly way to embody a piece of data. a digital representation of a bitcoin public or private key that is easy to scan by digital cameras.
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.
DAPP	an application that operates autonomously, has its data stored on a blockchain, incentivized in the form of cryptographic tokens and operates on a protocol that shows proof of value. is a decentralised application that is open source.
MINING POOL	a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining.
MT GOX	based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular.
POOL	mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. a collection of mining clients which collectively mine a block, and then split the reward between them.
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”.
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).
SOFTFORK	since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules

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7 years ago in #money by megan.brown (48)

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ALTCOINS - QR CODE - SMART CONTRACT - DAPP - MINING POOL - MT GOX - POOL - COLD STORAGE - EVM - SOFTFORK -

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