 |  |
| DIFFICULTY | a soft fork differs from a hard fork in that only previously valid transactions are made invalid. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. 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. |
| SOFT FORK | is the native token of the ethereum blockchain which is used to pay for transaction fees, miner rewards and other services on the network. |
| LIGHTNING NETWORK | the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin. |
| BIP148 | user activated soft fork. it’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. the uasf concept was combined with segwit activation in the bip148 proposal which became active on 1st august 2017. |
| POOL | a group of miners who have decided to combine their computing power for mining. this allows rewards to be distributed more consistently between participants in the pool. |
| MINING POOL | 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) |
| ETHER | is a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. this protocol tries to solve the bitcoin scalability problem. |
| USAF | a collection of mining clients which collectively mine a block, and then split the reward between them. mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. |
| SATOSHI | this refers to how easily a data block of transaction information can be mined successfully. |
| GENESIS BLOCK | the first or first few blocks of a blockchain. |
| |  |
| DIFFICULTY | this refers to how easily a data block of transaction information can be mined successfully. |
| SOFT FORK | a soft fork differs from a hard fork in that only previously valid transactions are made invalid. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. 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. |
| LIGHTNING NETWORK | is a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. this protocol tries to solve the bitcoin scalability problem. |
| 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) |
| POOL | a collection of mining clients which collectively mine a block, and then split the reward between them. mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. |
| MINING POOL | a group of miners who have decided to combine their computing power for mining. this allows rewards to be distributed more consistently between participants in the pool. |
| ETHER | is the native token of the ethereum blockchain which is used to pay for transaction fees, miner rewards and other services on the network. |
| USAF | user activated soft fork. it’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. the uasf concept was combined with segwit activation in the bip148 proposal which became active on 1st august 2017. |
| SATOSHI | the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin. |
| GENESIS BLOCK | the first or first few blocks of a blockchain. |
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