 |  |
| BIP148 | an exchange in which traders make deals with each other directly, rather than relying on a central exchange to mediate between them |
| TESTNET | bip148 is a user activated soft fork (uasf) that was designed to cause the existing segwit masf deployment to cause activation in all existing segwit capable node software (which currently is 80% of the network nodes) |
| ASIC | short form for ‘application specific integrated circuit’. often compared to gpus, asics are specially made for mining and may offer significant power savings. |
| CONSENSUS | a test blockchain used by developers to prevent expending assets on the main chain. |
| DAO | a private key is a string of data that allows you to access the tokens in a specific wallet. they act as passwords that are kept hidden from anyone but the owner of the address. |
| OTC EXCHANGE | a type of network where processing power and data are spread over the nodes rather than having a centralised data centre. |
| EVM | the ethereum virtual machine (evm) is a turing complete virtual machine that allows anyone to execute arbitrary evm byte code. every ethereum node runs on the evm to maintain consensus across the blockchain. |
| PRIVATE KEY | a type of fork that renders previously invalid transactions valid, and vice versa. this type of fork requires all nodes and users to upgrade to the latest version of the protocol software. |
| DISTRIBUTED NETWORK | consensus is achieved when all participants of the network agree on the validity of the transactions, ensuring that the ledgers are exact copies of each other. |
| HARD FORK | decentralised autonomous organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. also known as “dacs” |
| |  |
| BIP148 | bip148 is a user activated soft fork (uasf) that was designed to cause the existing segwit masf deployment to cause activation in all existing segwit capable node software (which currently is 80% of the network nodes) |
| TESTNET | a test blockchain used by developers to prevent expending assets on the main chain. |
| ASIC | short form for ‘application specific integrated circuit’. often compared to gpus, asics are specially made for mining and may offer significant power savings. |
| CONSENSUS | consensus is achieved when all participants of the network agree on the validity of the transactions, ensuring that the ledgers are exact copies of each other. |
| DAO | decentralised autonomous organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. also known as “dacs” |
| OTC EXCHANGE | an exchange in which traders make deals with each other directly, rather than relying on a central exchange to mediate between them |
| EVM | the ethereum virtual machine (evm) is a turing complete virtual machine that allows anyone to execute arbitrary evm byte code. every ethereum node runs on the evm to maintain consensus across the blockchain. |
| PRIVATE KEY | a private key is a string of data that allows you to access the tokens in a specific wallet. they act as passwords that are kept hidden from anyone but the owner of the address. |
| DISTRIBUTED NETWORK | a type of network where processing power and data are spread over the nodes rather than having a centralised data centre. |
| HARD FORK | a type of fork that renders previously invalid transactions valid, and vice versa. this type of fork requires all nodes and users to upgrade to the latest version of the protocol software. |
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