PEER-TO-PEER NETWORK (P2P) - NODE - MARKET ORDER - SOFTFORK -

rspower (48)in #money • 6 years ago


PEER-TO-PEER NETWORK (P2P)	since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules^{Source + Source}
NODE	rather than holding them until a set market condition is triggered to try and make a profit; in a bitcoin exchange, you would place a market order if you simply wanted to buy or sell bitcoins immediately. an instruction given to an exchange, asking it to buy or sell an asset at the going market rate. ^{Source + Source}
MARKET ORDER	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}
SOFTFORK	these networks can become massive, allowing for things like file-sharing or cryptocurrency. any computer network where two or more computers are connected and share resources without going through a separate server. ^{Source + Source}


PEER-TO-PEER NETWORK (P2P)	these networks can become massive, allowing for things like file-sharing or cryptocurrency. any computer network where two or more computers are connected and share resources without going through a separate server. ^{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}
MARKET ORDER	rather than holding them until a set market condition is triggered to try and make a profit; in a bitcoin exchange, you would place a market order if you simply wanted to buy or sell bitcoins immediately. an instruction given to an exchange, asking it to buy or sell an asset at the going market rate. ^{Source + Source}
SOFTFORK	since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules^{Source + Source}

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