HOT WALLET - DETERMINISTIC WALLET - SOLIDITY - MINING ALGORITHM -

in #blockchain6 years ago


HOT WALLET
these are used for “every day” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. a bitcoin wallet that has an active connection to the internet. Source + Source
DETERMINISTIC WALLET
bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies. Source + Source
SOLIDITY
its syntax is similar to that of javascript, and it is intended to compile into bytecode for the ethereum virtual machine(evm). solidity is ethereum’s programming language for developing smart contracts. Source + Source
MINING ALGORITHM
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


HOT WALLET
these are used for “every day” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. a bitcoin wallet that has an active connection to the internet. 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
SOLIDITY
its syntax is similar to that of javascript, and it is intended to compile into bytecode for the ethereum virtual machine(evm). solidity is ethereum’s programming language for developing smart contracts. Source + Source
MINING ALGORITHM
bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies. Source + Source

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