GENESIS BLOCK - FORK - COLD STORAGE - CRYPTOCURRENCY -

in #blockchain6 years ago


GENESIS BLOCK
refers to the 1st or first few blocks of a blockchain.Source + Source
FORK
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
COLD STORAGE
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
CRYPTOCURRENCY
cryptocurrencies are representations of digital assets. also known as tokens. Source + Source


GENESIS BLOCK
refers to the 1st or first few blocks of a blockchain.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
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
CRYPTOCURRENCY
cryptocurrencies are representations of digital assets. also known as tokens. Source + Source

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XLMStellar0.219$-8.94%-25.72%

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