HALVING - BIP - BITCOIN TRANSACTION - MEDIUM OF EXCHANGE -

matthew.davis (49)in #steem • 6 years ago


HALVING	can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”. ^{Source + Source}
BIP	the final halving will take place in the year 2140. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years and is called halving. bitcoins have a finite supply, which makes them a scarce digital commodity. ^{Source + Source}
BITCOIN TRANSACTION	as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.^{Source + Source}
MEDIUM OF EXCHANGE	fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system. ^{Source + Source}


HALVING	the final halving will take place in the year 2140. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years and is called halving. bitcoins have a finite supply, which makes them a scarce digital commodity. ^{Source + Source}
BIP	can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”. ^{Source + Source}
BITCOIN TRANSACTION	as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.^{Source + Source}
MEDIUM OF EXCHANGE	fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system. ^{Source + Source}

Cryptocurrency News - Top Stories !

An ETF For Crypto And Blockchain Fans - Forbes

Forbes: I recently spoke with Eric Ervin, founder and CEO of Realty Shares, to discuss his company and its newly launched ETF, which is invests in blockchain technology. Wallace Forbes: Can you start by telling us a bit about your company? Eric Ervin: Reality ...and more ...

Crypto Investors Should Stay Away from Venezuela's Petro - CoinDesk

CoinDesk: Since the pricing of cryptocurrencies sold on exchanges is generated by market demand for each token, the crypto community should share information about the nature of the Maduro regime and how the token serves to fund its abuses. This should not be a ...

Crypto Mining Up 8500% Last Year: Report - Investopedia (blog)

Investopedia (blog): The explosive growth of cryptocurrencies in the last year was accompanied by a corresponding increase in coin mining. According to security firm Symantec, cryptocurrency mining was the biggest trend of 2017. “The surge in interest in this area was such ...and more ...

Broker NordFX Offers Unique Terms for Transactions with Crypto Currencies - newsBTC

newsBTC: Having been successful in gaining hold of the cryptocurrency market, the broker company NordFX continues to expand the range of services it offers in this field. The opportunity to trade highly volatile crypto-currencies on the ... most widely used ...

France's Finance Minister Plans ICO Regulations in Bid to Attract ... - CCN

CCN: According to a recently published opinion piece, ... finance minister Bruno Le Maire revealed that the country plans on creating legal framework for initial coin offerings (ICOs) in a bid to become a leading ICO hub.

Crypto Community Fears Passage of the CLOUD Act - Bitcoin News (press release)

Bitcoin News (press release): The Clarifying Lawful Overseas Use of Data (CLOUD) Act just passed – almost in secret – tucked deep inside a voluminous spending package of well over a trillion dollars. No debate. No up or down vote on the merits of CLOUD. Instead, lawmakers would ...and more ...

Nvidia CEO: GPU Production Boost Needed Because of Crypto Miners - CoinDesk

CoinDesk: Nvidia must increase its production of graphics processing units (GPUs) to address a shortage caused by cryptocurrency miners, said the ... chief executive on Monday. The California-based ... GPUs are highly sought after by both gamers and ...and more ...

Latest posts from our Team !

^{^{^{[ Note for @steemcleaners / @cheetah ] The agreement of our Team: The following authors decided to create a Team in order to collaborate and share formats, content, and profits. Any copy of content between this Team does not constitute a plagiarism: @matthew.davis @megan.brown @realskilled @rspower @rssniper @rstracer @ali.wood}}}