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| DESKTOP WALLET | the act of performing a hash function on the output data. this is used for confirming coin transactions. this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. |
| HASH | a wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins. |
| WALLET | a hard fork of bitcoin led by bitcoin mining pool viabtc that supports ‘big blocks’ of up to 8mb and removes segwit. it’s launch date was 1 st august 2017 to coincide with the bip148 segwit signaling activation. |
| HASH RATE | the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades. a suitably large community of buyers and sellers is important for liquidity. the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. |
| PROOF-OF-WORK | measurement of performance for the mining rig is expressed in hashes per second. |
| BIP148 | a type of network where processing power and data are spread over the nodes rather than having a centralised data centre. |
| BITCOIN CASH (BCH) | the successful act of hashing a transaction and adding it to the blockchain. |
| DISTRIBUTED NETWORK | a proof of work is a piece of data which is difficult (costly, time-consuming) to produce but easy for others to verify and which satisfies certain requirements. |
| CONFIRMATION | a file that houses private keys. it usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for. |
| LIQUIDITY | 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) |
| |  |
| DESKTOP WALLET | a wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins. |
| HASH | the act of performing a hash function on the output data. this is used for confirming coin transactions. this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. |
| WALLET | a file that houses private keys. it usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for. |
| HASH RATE | measurement of performance for the mining rig is expressed in hashes per second. |
| PROOF-OF-WORK | a proof of work is a piece of data which is difficult (costly, time-consuming) to produce but easy for others to verify and which satisfies certain requirements. |
| 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) |
| BITCOIN CASH (BCH) | a hard fork of bitcoin led by bitcoin mining pool viabtc that supports ‘big blocks’ of up to 8mb and removes segwit. it’s launch date was 1 st august 2017 to coincide with the bip148 segwit signaling activation. |
| DISTRIBUTED NETWORK | a type of network where processing power and data are spread over the nodes rather than having a centralised data centre. |
| CONFIRMATION | the successful act of hashing a transaction and adding it to the blockchain. |
| LIQUIDITY | the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades. a suitably large community of buyers and sellers is important for liquidity. the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. |
