PUMP AND DUMP - BITCOIN TRANSACTION - DAO - HARDWARE WALLET -

in #steem6 years ago


PUMP AND DUMP
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
BITCOIN TRANSACTION
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
DAO
when the value is high enough, the perpetrator sells their assets, cashing in and flooding the market, which causes the value to crash. the publicity causes others to acquire the asset, forcing up its value. inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements. Source + Source
HARDWARE WALLET
a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.Source + Source


PUMP AND DUMP
when the value is high enough, the perpetrator sells their assets, cashing in and flooding the market, which causes the value to crash. the publicity causes others to acquire the asset, forcing up its value. inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements. 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
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
HARDWARE WALLET
a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.Source + Source

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