BITCOIN NETWORK - MINING ALGORITHM - HARDWARE WALLET - BITCOIN ATM -

in #steem6 years ago


BITCOIN NETWORK
bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies. Source + Source
MINING ALGORITHM
this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain. Source + Source
HARDWARE WALLET
a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.Source + Source
BITCOIN ATM
people can trade fiat currency and bitcoins on this cash point.Source + Source


BITCOIN NETWORK
this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain. Source + Source
MINING ALGORITHM
bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies. Source + Source
HARDWARE WALLET
a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.Source + Source
BITCOIN ATM
people can trade fiat currency and bitcoins on this cash point.Source + Source

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