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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. |
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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. |