ETHER - ASYMMETRIC KEY ALGORITHM - DOUBLE SPENDING - SEGWIT2X -

in steem •  8 months ago


ETHER
this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. Source + Source
ASYMMETRIC KEY ALGORITHM
public and private keys are needed to support cryptocurrency transactions. both sender and receiver have this key, and can send secure information. the algorithm used to generate public and private keys. Source + Source
DOUBLE SPENDING
ethereum blockchain is used to pay for transaction fees, miner rewards and other services on the network and this is the native token of the ethereum blockchain. Source + Source
SEGWIT2X
it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. also knows as the 'the new york agreement'. Source + Source


ETHER
ethereum blockchain is used to pay for transaction fees, miner rewards and other services on the network and this is the native token of the ethereum blockchain. Source + Source
ASYMMETRIC KEY ALGORITHM
public and private keys are needed to support cryptocurrency transactions. both sender and receiver have this key, and can send secure information. the algorithm used to generate public and private keys. Source + Source
DOUBLE SPENDING
this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. Source + Source
SEGWIT2X
it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. also knows as the 'the new york agreement'. Source + Source

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