SIDECHAIN - BITCOIN PROTOCOL - MASF - CRYPTOGRAPHIC HASH FUNCTION - BLOCK EXPLORER - MULTI-SIGNATURE - TRANSACTION FEE - PEER-TO-PEER NETWORK (P2P) - WIRE TRANSFER - CRYPTOCURRENCY -

in #steem7 years ago


SIDECHAIN cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input. the sha-256 computational algorithm is an example of a cryptographic hash.
BITCOIN PROTOCOL also known as tokens, cryptocurrencies are representations of digital assets.
MASF electronically transferring money from one person to another. commonly used to send and retrieve fiat currency from bitcoin exchanges
CRYPTOGRAPHIC HASH FUNCTION miner activated soft fork - it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade. this allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure.
BLOCK EXPLORER all cryptocurrency transactions involve a small transaction fee. these transaction fees add up to account for the block reward that a miner receives when he successfully processes a block.
MULTI-SIGNATURE block explorer is an online tool to view all transactions, past and current, on the blockchain. they provide useful information such as network hash rate and transaction growth.
TRANSACTION FEE any computer network where two or more computers are connected and share resources without going through a separate server. these networks can become massive, allowing for things like file-sharing or cryptocurrency.
PEER-TO-PEER NETWORK (P2P) these are theoretical, independent blockchains which are “two way pegged” to the bitcoin blockchain. these can have their own unique features and can have bitcoins sent to and from them
WIRE TRANSFER the open source, cryptographic protocol which operates on the bitcoin network, setting the “rules” for how the network runs.
CRYPTOCURRENCY multi-signature addresses provide an added layer of security by requiring more than one key to authorize a transaction.


SIDECHAIN these are theoretical, independent blockchains which are “two way pegged” to the bitcoin blockchain. these can have their own unique features and can have bitcoins sent to and from them
BITCOIN PROTOCOL the open source, cryptographic protocol which operates on the bitcoin network, setting the “rules” for how the network runs.
MASF miner activated soft fork - it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade. this allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure.
CRYPTOGRAPHIC HASH FUNCTION cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input. the sha-256 computational algorithm is an example of a cryptographic hash.
BLOCK EXPLORER block explorer is an online tool to view all transactions, past and current, on the blockchain. they provide useful information such as network hash rate and transaction growth.
MULTI-SIGNATURE multi-signature addresses provide an added layer of security by requiring more than one key to authorize a transaction.
TRANSACTION FEE all cryptocurrency transactions involve a small transaction fee. these transaction fees add up to account for the block reward that a miner receives when he successfully processes a block.
PEER-TO-PEER NETWORK (P2P) any computer network where two or more computers are connected and share resources without going through a separate server. these networks can become massive, allowing for things like file-sharing or cryptocurrency.
WIRE TRANSFER electronically transferring money from one person to another. commonly used to send and retrieve fiat currency from bitcoin exchanges
CRYPTOCURRENCY also known as tokens, cryptocurrencies are representations of digital assets.

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