BITCOIN (UNIT OF CURRENCY) - WIRE TRANSFER - ASIC - DAO -

in #steem6 years ago


BITCOIN (UNIT OF CURRENCY)
bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis. Source + Source
WIRE TRANSFER
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
ASIC
commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another. Source + Source
DAO
also known as “dacs”. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. decentralised autonomous organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules. Source + Source


BITCOIN (UNIT OF CURRENCY)
bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis. 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
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
DAO
also known as “dacs”. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. decentralised autonomous organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules. Source + Source

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