HASH - ORACLES - LIGHTNING NETWORK - PAPER WALLET -

in #steem6 years ago


HASH
this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data. Source + Source
ORACLES
oracles work (by providing data to the smart contracts) as a bridge between the real world and the blockchain.Source + Source
LIGHTNING NETWORK
all traces of the key are removed from the computer where it was generated. a form of cold storage where a private key for bitcoin address is printed on a piece of paper (with or without encryption). Source + Source
PAPER WALLET
this protocol tries to solve the bitcoin scalability problem. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. it's a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. Source + Source


HASH
this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data. Source + Source
ORACLES
oracles work (by providing data to the smart contracts) as a bridge between the real world and the blockchain.Source + Source
LIGHTNING NETWORK
this protocol tries to solve the bitcoin scalability problem. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. it's a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. Source + Source
PAPER WALLET
all traces of the key are removed from the computer where it was generated. a form of cold storage where a private key for bitcoin address is printed on a piece of paper (with or without encryption). Source + Source

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