BITCOIN TRANSACTION - DETERMINISTIC WALLET - PEER TO PEER


BITCOIN TRANSACTION	a single unit of the bitcoin currency. an acronym for bitcoin. ^{Source + Source}
DETERMINISTIC WALLET	participants of a p2p network deal directly with each other through a single mediation point. peer to peer (p2p) refers to the decentralized interactions between two parties or more in a highly-interconnected network. ^{Source + Source}
PEER TO PEER	this seed is all that is needed to restore a wallet if it is lost and can allow the creation of public addresses without the knowledge of the private key. a wallet based on a system of deriving multiple keys from a single starting point known as a seed. ^{Source + Source}
BTC	as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.^{Source + Source}


BITCOIN TRANSACTION	as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.^{Source + Source}
DETERMINISTIC WALLET	this seed is all that is needed to restore a wallet if it is lost and can allow the creation of public addresses without the knowledge of the private key. a wallet based on a system of deriving multiple keys from a single starting point known as a seed. ^{Source + Source}
PEER TO PEER	participants of a p2p network deal directly with each other through a single mediation point. peer to peer (p2p) refers to the decentralized interactions between two parties or more in a highly-interconnected network. ^{Source + Source}
BTC	a single unit of the bitcoin currency. an acronym for bitcoin. ^{Source + Source}

Cryptocurrency News - Top Stories !

Under New Rules Quebec Crypto Miners Will Be Required to Bid for Electricity - Cointelegraph

Cointelegraph: Provincial utility Hydro-Quebec has proposed new rules, under which blockchain companies will be required to bid for electricity and quantify the jobs and investment they expect to generate per megawatt, Hydro-Quebec announced in a press release June ...

Swiss Central Bank Exec: Crypto 'Too Primitive' to Issue State Digital Currency - Cointelegraph

Cointelegraph: Board director of the Swiss National Bank (SNB) Thomas Moser said that cryptocurrencies and blockchain technology are too primitive to consider issuing a state-backed digital currency, local news outlet swissinfo.ch reported June 21. Speaking at the ...and more ...

Ethereum Accelerator to Offer Crypto Coders Resources and 'Reality Check' - CoinDesk

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Crypto Pioneer Buys Penthouse in Former Toronto Trump Tower ... - Bloomberg

Bloomberg: A cryptocurrency baron has bought the largest and one of the most expensive condos in Canada, paying for it partly with digital money.and more ...

US: Members of Congress Must Disclose Crypto Holdings Above ... - Cointelegraph

Cointelegraph: The Ethics Committee of the U.S. House of Representatives has issued a memo requiring all House Members to disclose their crypto holdings worth over $1000.

Cheetah's New App Lets Crypto Investors Track Portfolios on the Go - CoinDesk

CoinDesk: The company said investors are able to update their portfolios either by inputting their transaction information manually, including both fiat-to-crypto and crypto-to-crypto transactions, or linking the app with the wallets or exchanges on which they ...

Ex-FDIC Chair Bair: 'I Welcome' New Rules for Crypto - CoinDesk

CoinDesk: "We are trying to jam crypto trading into state money transmission laws, it just ... work. I think at some point, we will need a federal framework to have some type of regulatory oversight of exchanges established to trade crypto assets. They may ...and more ...

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BITCOIN TRANSACTION - DETERMINISTIC WALLET - PEER TO PEER - BTC -