COLD STORAGE - CRYPTOGRAPHIC HASH FUNCTION - LIGHTNING NETWORK - PAPER WALLET -

rssniper (49)in #steem • 6 years ago


COLD STORAGE	these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. ^{Source + Source}
CRYPTOGRAPHIC HASH FUNCTION	all traces of the key are removed from the computer where it was generated. a form of cold storage where a private key for bitcoin address is printed on a piece of paper (with or without encryption). ^{Source + Source}
LIGHTNING NETWORK	the sha-256 computational algorithm is an example of a cryptographic hash. cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input. ^{Source + Source}
PAPER WALLET	this protocol tries to solve the bitcoin scalability problem. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. it's a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. ^{Source + Source}


COLD STORAGE	these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. ^{Source + Source}
CRYPTOGRAPHIC HASH FUNCTION	the sha-256 computational algorithm is an example of a cryptographic hash. cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input. ^{Source + Source}
LIGHTNING NETWORK	this protocol tries to solve the bitcoin scalability problem. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. it's a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. ^{Source + Source}
PAPER WALLET	all traces of the key are removed from the computer where it was generated. a form of cold storage where a private key for bitcoin address is printed on a piece of paper (with or without encryption). ^{Source + Source}

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