BTC - RIPPLE - DISTRIBUTED LEDGER - PROOF-OF-WORK -

realskilled (47)in #steem • 7 years ago


BTC	a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.^{^{Source + Source}}
RIPPLE	a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. ^{^{Source + Source}}
DISTRIBUTED LEDGER	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}}
PROOF-OF-WORK	a single unit of the bitcoin currency. an acronym for bitcoin. ^{^{Source + Source}}


BTC	a single unit of the bitcoin currency. an acronym for bitcoin. ^{^{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}}
DISTRIBUTED LEDGER	a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. ^{^{Source + Source}}
PROOF-OF-WORK	a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.^{^{Source + Source}}

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