MINING ALGORITHM - PEER-TO-PEER NETWORK (P2P) - ALTCOINS - FIAT CURRENCY -

rssniper (49)in #money • 7 years ago


MINING ALGORITHM	bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies. ^{^{Source + Source}}
PEER-TO-PEER NETWORK (P2P)	like usd, eur or cny, is any money declared by a government to be to be valid for meeting a financial obligation.^{^{Source + Source}}
ALTCOINS	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}}
FIAT CURRENCY	these concern all coins that came after the initial release of the famous bitcoin, the first decentralized cryptocurrency. a name coined as the merger of the words bitcoin & alternative. ^{^{Source + Source}}


MINING ALGORITHM	bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies. ^{^{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}}
ALTCOINS	these concern all coins that came after the initial release of the famous bitcoin, the first decentralized cryptocurrency. a name coined as the merger of the words bitcoin & alternative. ^{^{Source + Source}}
FIAT CURRENCY	like usd, eur or cny, is any money declared by a government to be to be valid for meeting a financial obligation.^{^{Source + Source}}

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