what is Cryptocurrency?
minutes. They are currently limited to 1MB in size but that is likely to change in the near future.blockchain: The decentralized public ledger that makes Bitcoin work. Every transaction and account
is kept track of here. Not to be confused with Blockchain.info the website or its parent company,
Blockchain. Also used to refer to any upcoming technology that uses a public ledger to keep track of
digital value; i.e., “They are developing their own blockchain technology.”block explorer: A website or piece of software that allows users to observe and follow Bitcoin
transactions through the blockchain. Can also be used to describe similar systems for altcoins’
blockchains.
then be turned back into a cold wallet.
is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.[1] Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
e.g bitcoin,dogecoin, litecoin, monero, burstcoin etc. there over 100 of them but l will talk about bitcoin.
Bitcoin
key words to understand first:
Bitcoin/bitcoin: Bitcoin with a capital B refers to Bitcoin the system, the network or the currency as a
whole; bitcoin with a lowercase b refers to individual bitcoins, as in, “I have five bitcoins.”
whole; bitcoin with a lowercase b refers to individual bitcoins, as in, “I have five bitcoins.”
Bitcoin-Qt: Also called Bitcoin Core, it is the primary implementation of Bitcoin and what all other
wallets and services are based on.
block: Transactions on the blockchain are grouped into blocks, confirmed by miners roughly every 10wallets and services are based on.
minutes. They are currently limited to 1MB in size but that is likely to change in the near future.blockchain: The decentralized public ledger that makes Bitcoin work. Every transaction and account
is kept track of here. Not to be confused with Blockchain.info the website or its parent company,
Blockchain. Also used to refer to any upcoming technology that uses a public ledger to keep track of
digital value; i.e., “They are developing their own blockchain technology.”block explorer: A website or piece of software that allows users to observe and follow Bitcoin
transactions through the blockchain. Can also be used to describe similar systems for altcoins’
blockchains.
cold wallet: A wallet on a computer or storage disk that is not connected to the Internet and must be
momentarily connected to the Internet and turned into a hot wallet in order to sign transactions. Canthen be turned back into a cold wallet.
hot wallet: A wallet connected to the Internet. Bitcoins are at risk of being stolen if the computer or
password for the wallet is insecure. Suitable for spending money and short-term storage. All web
wallets are hot wallets.
password for the wallet is insecure. Suitable for spending money and short-term storage. All web
wallets are hot wallets.
Blockchain Technologies (blockchaintechnologies.com)
ReplyDeleteBlockchain Technologies is a huge static content website that covers practically every single question you might have about blockchain. Additionally, the site also has a news section where stories from the largest cryptocurrency news blogs are gathered.
I added this site to this list of the 27 best cryptocurrency blogs for three main reasons. The first is that the content is absolutely amazing. It is very obvious that the writer spent A LOT of time researching about cryptocurrencies. Secondly, the UI of the website is astonishing. The colors are very well picked, the site charges in the blink of an eye and it is completely responsive. And finally, although the Blockchain Technologies blog has a couple Ads, it is very clear that the main objective of the site is to inform, and not to just make money with visitors.