TRANSACTION BLOCK - LIQUIDITY - PROOF OF WORK - APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) - SATOSHI NAKAMOTO - CONSORTIUM BLOCKCHAIN - TESTNET - BITCOIN ATM - KYC - BIP -

rstracer (48)in #money • 7 years ago

TRANSACTION BLOCK people can trade fiat currency and bitcoins on this cash point.
LIQUIDITY gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.
PROOF OF WORK the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) in 2008, nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. is a person or group of people who created the bitcoin protocol and reference software, bitcoin core (formerly known as bitcoin-qt). the mysterious creator of bitcoin. in 2009, they released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins.
SATOSHI NAKAMOTO know your client/customer rules force financial institutions, in order ensuring that they are legitimate, to vet the people they are doing business with.
CONSORTIUM BLOCKCHAIN a chip created for mining data blocks. a specific computer chip which has been created for the sole purpose of.
TESTNET used by developers, it's a test blockchain to prevent expending assets on the main chain.
BITCOIN ATM e.g: a consortium of 15 financial institutions. a blockchain where the consensus process is controlled by a pre-selected set of nodes.
KYC can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
BIP the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. a suitably large community of buyers and sellers is important for liquidity. the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades.
Source + Source


TRANSACTION BLOCK	people can trade fiat currency and bitcoins on this cash point.
LIQUIDITY	gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.
PROOF OF WORK	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC)	in 2008, nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. is a person or group of people who created the bitcoin protocol and reference software, bitcoin core (formerly known as bitcoin-qt). the mysterious creator of bitcoin. in 2009, they released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins.
SATOSHI NAKAMOTO	know your client/customer rules force financial institutions, in order ensuring that they are legitimate, to vet the people they are doing business with.
CONSORTIUM BLOCKCHAIN	a chip created for mining data blocks. a specific computer chip which has been created for the sole purpose of.
TESTNET	used by developers, it's a test blockchain to prevent expending assets on the main chain.
BITCOIN ATM	e.g: a consortium of 15 financial institutions. a blockchain where the consensus process is controlled by a pre-selected set of nodes.
KYC	can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
BIP	the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. a suitably large community of buyers and sellers is important for liquidity. the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades.

TRANSACTION BLOCK gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.
LIQUIDITY the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. a suitably large community of buyers and sellers is important for liquidity. the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades.
PROOF OF WORK the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) a chip created for mining data blocks. a specific computer chip which has been created for the sole purpose of.
SATOSHI NAKAMOTO in 2008, nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. is a person or group of people who created the bitcoin protocol and reference software, bitcoin core (formerly known as bitcoin-qt). the mysterious creator of bitcoin. in 2009, they released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins.
CONSORTIUM BLOCKCHAIN e.g: a consortium of 15 financial institutions. a blockchain where the consensus process is controlled by a pre-selected set of nodes.
TESTNET used by developers, it's a test blockchain to prevent expending assets on the main chain.
BITCOIN ATM people can trade fiat currency and bitcoins on this cash point.
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.
BIP can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.
Source + Source


TRANSACTION BLOCK	gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.
LIQUIDITY	the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. a suitably large community of buyers and sellers is important for liquidity. the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades.
PROOF OF WORK	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC)	a chip created for mining data blocks. a specific computer chip which has been created for the sole purpose of.
SATOSHI NAKAMOTO	in 2008, nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. is a person or group of people who created the bitcoin protocol and reference software, bitcoin core (formerly known as bitcoin-qt). the mysterious creator of bitcoin. in 2009, they released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins.
CONSORTIUM BLOCKCHAIN	e.g: a consortium of 15 financial institutions. a blockchain where the consensus process is controlled by a pre-selected set of nodes.
TESTNET	used by developers, it's a test blockchain to prevent expending assets on the main chain.
BITCOIN ATM	people can trade fiat currency and bitcoins on this cash point.
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.
BIP	can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”.

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7 years ago in #money by rstracer (48)

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TRANSACTION BLOCK - LIQUIDITY - PROOF OF WORK - APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) - SATOSHI NAKAMOTO - CONSORTIUM BLOCKCHAIN - TESTNET - BITCOIN ATM - KYC - BIP -

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