PRIVATE KEY - SATOSHI - BITCOIN TRANSACTION - ETHER - LEVERAGE - HALVING - DOUBLE SPENDING - MULTI SIGNATURE TRANSACTION - EXCHANGE - TURING COMPLETE -

in #money7 years ago


PRIVATE KEY this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places.
SATOSHI ethereum blockchain is used to pay for transaction fees, miner rewards and other services on the network and this is the native token of the ethereum blockchain.
BITCOIN TRANSACTION this has the potential to improve consumer protection. a bitcoin transaction which requires signatures from multiple parties to authorize the sending of bitcoins.
ETHER there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible.
LEVERAGE as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.
HALVING the final halving will take place in the year 2140. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years and is called halving. bitcoins have a finite supply, which makes them a scarce digital commodity.
DOUBLE SPENDING they act as passwords that are kept hidden from anyone but the owner of the address. a private key is a string of data that allows you to access the tokens in a specific wallet.
MULTI SIGNATURE TRANSACTION an example of this is the ethereum virtual machine (evm). the ability of a machine to perform calculations that any other programmable computer is capable of, is referred by turing complete refers to.
EXCHANGE a place used by sellers and buyers where they can trade bitcoins or other cryptocurrencies.
TURING COMPLETE leverage is also known as a margin requirement. by giving leverage to a trader, the trading exchange is effectively lending them money, in the hope that it will earn back more than it loaned in commission. in foreign or cryptocurrency trading, leverage multiplies the real funds in your account by a given factor, enabling you to make trades that result in significant profit.
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PRIVATE KEY they act as passwords that are kept hidden from anyone but the owner of the address. a private key is a string of data that allows you to access the tokens in a specific wallet.
SATOSHI there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible.
BITCOIN TRANSACTION as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.
ETHER ethereum blockchain is used to pay for transaction fees, miner rewards and other services on the network and this is the native token of the ethereum blockchain.
LEVERAGE leverage is also known as a margin requirement. by giving leverage to a trader, the trading exchange is effectively lending them money, in the hope that it will earn back more than it loaned in commission. in foreign or cryptocurrency trading, leverage multiplies the real funds in your account by a given factor, enabling you to make trades that result in significant profit.
HALVING the final halving will take place in the year 2140. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years and is called halving. bitcoins have a finite supply, which makes them a scarce digital commodity.
DOUBLE SPENDING this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places.
MULTI SIGNATURE TRANSACTION this has the potential to improve consumer protection. a bitcoin transaction which requires signatures from multiple parties to authorize the sending of bitcoins.
EXCHANGE a place used by sellers and buyers where they can trade bitcoins or other cryptocurrencies.
TURING COMPLETE an example of this is the ethereum virtual machine (evm). the ability of a machine to perform calculations that any other programmable computer is capable of, is referred by turing complete refers to.
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