BLOCK - SOFT FORK - OTC EXCHANGE - LITECOIN -

realskilled (47)in #money • 6 years ago


BLOCK	sometimes referred to as the silver of bitcoin’s gold. it's a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. ^{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}
OTC EXCHANGE	they carry permanently recorded data on the blockchain network. blocks are packages of data. ^{Source + Source}
LITECOIN	rather than relying on a central exchange to mediate between them; an exchange in which traders make deals with each other directly. ^{Source + Source}


BLOCK	they carry permanently recorded data on the blockchain network. blocks are packages of data. ^{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}
OTC EXCHANGE	rather than relying on a central exchange to mediate between them; an exchange in which traders make deals with each other directly. ^{Source + Source}
LITECOIN	sometimes referred to as the silver of bitcoin’s gold. it's a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. ^{Source + Source}

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