SMART CONTRACTS - DISTRIBUTED NETWORK - BITCOIN NETWORK - ASIC -

rstracer (48)in #money • 7 years ago


SMART CONTRACTS	smart contracts encode business rules ( that are enforced by the participants of the network) in a programmable language onto the blockchain.^{^{Source + Source}}
DISTRIBUTED NETWORK	often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’. ^{^{Source + Source}}
BITCOIN NETWORK	rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.^{^{Source + Source}}
ASIC	this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain. ^{^{Source + Source}}


SMART CONTRACTS	smart contracts encode business rules ( that are enforced by the participants of the network) in a programmable language onto the blockchain.^{^{Source + Source}}
DISTRIBUTED NETWORK	rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.^{^{Source + Source}}
BITCOIN NETWORK	this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain. ^{^{Source + Source}}
ASIC	often compared to gpus, asics are specially made for mining and may offer significant power savings. short form for ‘application specific integrated circuit’. ^{^{Source + Source}}

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7 years ago in #money by rstracer (48)

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