ASYMMETRIC KEY ALGORITHM - IRREVERSIBLE - HOT WALLET - HALVING -

in #money • 6 years ago


ASYMMETRIC KEY ALGORITHM
there is no safety net for that situation. after confirmation, a transaction is unable to be reversed by nobody. Source + Source
IRREVERSIBLE
these are used for “every day” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. a bitcoin wallet that has an active connection to the internet. Source + Source
HOT WALLET
public and private keys are needed to support cryptocurrency transactions. both sender and receiver have this key, and can send secure information. the algorithm used to generate public and private keys. 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


ASYMMETRIC KEY ALGORITHM
public and private keys are needed to support cryptocurrency transactions. both sender and receiver have this key, and can send secure information. the algorithm used to generate public and private keys. Source + Source
IRREVERSIBLE
there is no safety net for that situation. after confirmation, a transaction is unable to be reversed by nobody. Source + Source
HOT WALLET
these are used for “every day” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. a bitcoin wallet that has an active connection to the internet. 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

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6 years ago in #money by
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