ASIC - PEER-TO-PEER NETWORK (P2P) - RIPPLE - WIRE TRANSFER -

in #steem6 years ago


ASIC
payments are made using a series of ious, and the network is based on trust relationships. the network consists of payment nodes and gateways operated by authorities. is a payment network built on distributed ledgers that can be used to transfer any currency. Source + Source
PEER-TO-PEER NETWORK (P2P)
commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another. Source + Source
RIPPLE
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
WIRE TRANSFER
these networks can become massive, allowing for things like file-sharing or cryptocurrency. any computer network where two or more computers are connected and share resources without going through a separate server. 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
PEER-TO-PEER NETWORK (P2P)
these networks can become massive, allowing for things like file-sharing or cryptocurrency. any computer network where two or more computers are connected and share resources without going through a separate server. Source + Source
RIPPLE
payments are made using a series of ious, and the network is based on trust relationships. the network consists of payment nodes and gateways operated by authorities. is a payment network built on distributed ledgers that can be used to transfer any currency. Source + Source
WIRE TRANSFER
commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another. Source + Source

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among the terms i oftentimes see are peer2peer and wire transfer. Thanks @madison.gagnon for this wonderful info

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