LIGHTNING NETWORK - ORACLES - DECENTRALIZED - ALTCOINS -

ali.wood (49)in #steem • 6 years ago


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}
ORACLES	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}
DECENTRALIZED	means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.^{Source + Source}
ALTCOINS	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}
ORACLES	oracles work (by providing data to the smart contracts) as a bridge between the real world and the blockchain.^{Source + Source}
DECENTRALIZED	means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.^{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}

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