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| BITCOIN | an acronym for “bitcoin improvement proposals” which can be submitted by anyone who wants to improve the bitcoin network. |
| BIP | a test blockchain used by developers to prevent expending assets on the main chain. |
| TESTNET | also known as tokens, cryptocurrencies are representations of digital assets. |
| HARDWARE WALLET | 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. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. also known as “dacs” |
| LITECOIN | is a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. sometimes referred to as the silver of bitcoin’s gold. |
| CENTRAL LEDGER | bitcoin can refer to the protocol, network or the unit of currency. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. |
| DISTRIBUTED DENIAL OF SERVICE (DDOS) | solidity is ethereum’s programming language for developing smart contracts. its syntax is similar to that of javascript, and it is intended to compile into bytecode for the ethereum virtual machine(evm) |
| DAO | a bitcoin wallet which stores a user’s bitcoins offline on hardware devices. |
| SOLIDITY | a very dangerous threat for cryptocurrency users. often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. this can cause a sustained downtime on said network or even make them crash completely. |
| CRYPTOCURRENCY | a ledger maintained by a central agency. |
| |  |
| BITCOIN | bitcoin can refer to the protocol, network or the unit of currency. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. |
| BIP | an acronym for “bitcoin improvement proposals” which can be submitted by anyone who wants to improve the bitcoin network. |
| TESTNET | a test blockchain used by developers to prevent expending assets on the main chain. |
| HARDWARE WALLET | a bitcoin wallet which stores a user’s bitcoins offline on hardware devices. |
| LITECOIN | is a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. sometimes referred to as the silver of bitcoin’s gold. |
| CENTRAL LEDGER | a ledger maintained by a central agency. |
| DISTRIBUTED DENIAL OF SERVICE (DDOS) | a very dangerous threat for cryptocurrency users. often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. this can cause a sustained downtime on said network or even make them crash completely. |
| DAO | 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. a theoretical company that could exist in the cloud and carry out business according to preset algorithms, needing no human management. also known as “dacs” |
| SOLIDITY | solidity is ethereum’s programming language for developing smart contracts. its syntax is similar to that of javascript, and it is intended to compile into bytecode for the ethereum virtual machine(evm) |
| CRYPTOCURRENCY | also known as tokens, cryptocurrencies are representations of digital assets. |
