PUBLIC/PRIVATE KEY - IRREVERSIBLE - KYC - HARD FORK -

in #money6 years ago


PUBLIC/PRIVATE KEY
there is no safety net for that situation. after confirmation, a transaction is unable to be reversed by nobody. Source + Source
IRREVERSIBLE
a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa. Source + Source
KYC
another party can then receive the message and using a key that is only known to that individual or group, decode the message. in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message. Source + Source
HARD FORK
know your client/customer rules force financial institutions, in order ensuring that they are legitimate, to vet the people they are doing business with.Source + Source


PUBLIC/PRIVATE KEY
another party can then receive the message and using a key that is only known to that individual or group, decode the message. in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message. Source + Source
IRREVERSIBLE
there is no safety net for that situation. after confirmation, a transaction is unable to be reversed by nobody. Source + Source
KYC
know your client/customer rules force financial institutions, in order ensuring that they are legitimate, to vet the people they are doing business with.Source + Source
HARD FORK
a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa. Source + Source

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