SOFTFORK - COLD STORAGE - TRANSACTION BLOCK - ADDRESS -

matthew.davis (49)in #steem • 7 years ago


SOFTFORK	since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules^{^{Source + Source}}
COLD STORAGE	these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. ^{^{Source + Source}}
TRANSACTION BLOCK	an address usually presents itself as a string of alphanumeric characters. cryptocurrency addresses are used to send or receive transactions on the network. ^{^{Source + Source}}
ADDRESS	gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.^{^{Source + Source}}


SOFTFORK	since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules^{^{Source + Source}}
COLD STORAGE	these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. ^{^{Source + Source}}
TRANSACTION BLOCK	gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.^{^{Source + Source}}
ADDRESS	an address usually presents itself as a string of alphanumeric characters. cryptocurrency addresses are used to send or receive transactions on the network. ^{^{Source + Source}}

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7 years ago in #steem by matthew.davis (49)

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SOFTFORK - COLD STORAGE - TRANSACTION BLOCK - ADDRESS -

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