CROWDSOURCING - DIGITAL SIGNATURE - FORK - MASF -

in #steem6 years ago


CROWDSOURCING
it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. Source + Source
DIGITAL SIGNATURE
is generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity. is a digital code. Source + Source
FORK
this is usually done online via websites where people can donate. the pooling of resources such as information or money contributed by the general population, to a goal. Source + Source
MASF
miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade. Source + Source


CROWDSOURCING
this is usually done online via websites where people can donate. the pooling of resources such as information or money contributed by the general population, to a goal. Source + Source
DIGITAL SIGNATURE
is generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity. is a digital code. Source + Source
FORK
it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. Source + Source
MASF
miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade. Source + Source

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