MIXING SERVICE - NODE - SMART CONTRACTS - SCRYPT -

in #money7 years ago


MIXING SERVICE
compared to sha256, this is quicker as it does not use up as much processing time. scrypt is a type of cryptographic algorithm and is used by litecoin. Source + Source
NODE
smart contracts encode business rules ( that are enforced by the participants of the network) in a programmable language onto the blockchain.Source + Source
SMART CONTRACTS
it has the potential to be used for money laundering. a mixing service (also known as a tumbler) preserves your privacy because it stops people tracing a particular bitcoin to you. a service that mixes your bitcoins with someone else’s, sending you back bitcoins with different inputs and outputs from the ones that you sent to it. Source + Source
SCRYPT
a node supports the network through validation and relaying of transactions while receiving a copy of the full blockchain itself. a node is essentially a computer connected to cryptocurrency network. a copy of the ledger operated by a participant of the blockchain network. Source + Source


MIXING SERVICE
it has the potential to be used for money laundering. a mixing service (also known as a tumbler) preserves your privacy because it stops people tracing a particular bitcoin to you. a service that mixes your bitcoins with someone else’s, sending you back bitcoins with different inputs and outputs from the ones that you sent to it. Source + Source
NODE
a node supports the network through validation and relaying of transactions while receiving a copy of the full blockchain itself. a node is essentially a computer connected to cryptocurrency network. a copy of the ledger operated by a participant of the blockchain network. Source + Source
SMART CONTRACTS
smart contracts encode business rules ( that are enforced by the participants of the network) in a programmable language onto the blockchain.Source + Source
SCRYPT
compared to sha256, this is quicker as it does not use up as much processing time. scrypt is a type of cryptographic algorithm and is used by litecoin. Source + Source

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