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Showing 9 of 9 results by highflyer235
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Topic
Board Beginners & Help
Bitcoin dictionary
by
highflyer235
on 06/08/2018, 17:30:18 UTC
Sharing my bitcoin dictionary.

Cold Storage - Keeping a reserve of Bitcoins offline (such as on a USB).

Confirmation - A Bitcoin transaction is considered confirmed when it reaches a certain amount of blocks deep.

Crypto - Short for cryptography, it means hidden or kept secret.

Cryptocurrency - A digital or virtual currency that uses cryptography for security.

Cryptography - A method of storing and transmitting data in a specific form so that only those for whom it's intended can read and process it.

Decentralized Exchange - An exchange market that does not rely on a third party service to hold the customer's funds.

Digital Currency - Digital currency is an asset represented in digital form and having some monetary characteristics. They represent electronic money (e-money).

Ethereum - A public blockchain-based software platform that enables developers to build and deploy decentralized applications.

Fiat - A currency that a government has declared as legal tender but is not backed by a physical commodity.

Fork (Hard Fork and Soft Fork) - The result when a blockchain diverges into two potential paths. A hard fork involves more radical and permanent changes while a soft fork is a temporary split in the blockchain that is backwards compatible.

HD Wallet - Improves privacy by being able to generate new bitcoin addresses whenever you send and receive funds.

Keys (Private, Public) - A secret number that allows Bitcoins to be spent. A public key is 256 bits long and is used to ensure you are the owner of an address that can receive funds. A public key is also derived from the private key.

Miner Fees - Transaction fee that is received by the bitcoin miner.

Miners - A bitcoin miner is a computer specifically designed to record to Bitcoins ledger of past transactions.

Mining (Mining Pools) - A way for Bitcoin miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block.

P2P (Person to Person) - A user's ability to directly exchange data or take part in digital asset transfers with other users without having to go through an exchange or central authority.

Payment Protocol - The transfer of value from one individual to another in a specific process or sequence of messages that must take place in a particular order.

Private Key - A private key is a secret number that allows Bitcoins to be spent, every Bitcoin wallet contains one or more private keys.
.

Satoshi
- The name used by the unknown person(s) who designed and created Bitcoin. They also devised the first blockchain database. Further a denomination equal to 1/100th of a Bitcoin.

SEC - The US Securities and Exchange Commission (SEC) is a government entity for protecting investors; maintaining fair, orderly, and efficient markets; as well as facilitating capital formation.

SegWit (Short for Segregated Witness) - SegWit is the process which the block size limit on a blockchain is increased by removing signature data from Bitcoin transactions.

SegWit2x - One of the proposals for boosting Bitcoin's transaction capacity, it seeks to upgrade Bitcoin by enacting Segwit and set a timeline for increasing the network's block size to 2MB.

Signature - A Bitcoin signature allows you to show that you know the private key connected to a public one without having to reveal the private key.

Transaction - An agreement between a buyer and a seller to exhange goods, services or financial instruments.

Virtual currency - A virtual currency is a digital representation of value, not issued by a central bank, credit institution or e-money institution which can be used as an alternative to money.

Wallet - A wallet is a software program where Bitcoins are stored.

Post
Topic
Board Development & Technical Discussion
Re: New to bitcoin programming
by
highflyer235
on 06/08/2018, 04:21:36 UTC
I have tried nodeJs base blockchain programs  which is very fast and with quick setup. If you want start for enterprise level and would like to try quickly, you should go for HyperLedger.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin ETF
by
highflyer235
on 06/08/2018, 03:29:58 UTC
Bitcoin ETF will open doors for big investors to invest in bitcoin in secure way.  This will increase huge demand and better adoption in mainstream. There are other products similar to ETF which are also in wait and watch state. So if SEC approves BTC ETF in September then that will be very turning point in crypto space. Even these products can be introduced in  Europe, Canada and Asian markets. So hope for best.
Post
Topic
Board Altcoin Discussion
Re: Reviews on Altcoins !
by
highflyer235
on 05/08/2018, 11:54:55 UTC
Robotics and AI has great future. Market will rise 500% approx in next 3 years.
Post
Topic
Board Bitcoin Discussion
Re: Don't worry, Bitcoin will be fine.
by
highflyer235
on 05/08/2018, 08:01:40 UTC
We need to all come together to increase bitcoin adoption in mainstream which will increase more and more demand.
Post
Topic
Board Bitcoin Discussion
Bitcoin Mainstream adoption [NEW]
by
highflyer235
on 05/08/2018, 06:15:45 UTC
BTC has huge potential but getting lot of resistance from mainstream. Everyone knows banks and global politics are biggest obstacles.

As BTC believer we should forget all different groups like different developer communities/forks/mining pools etc and join hands to change mainstream mindsets. We can focus on how to make win win model for mainstream and crypto space. How we can boycott scammers?  How we can help each other to build platform for beginners who are coming from mainstream.  

Let's make BTC as global mainstream currency.
Post
Topic
Board Altcoin Discussion
Re: CommitTransaction(): Transaction cannot be broadcast immediately, no-witness-yet
by
highflyer235
on 04/08/2018, 18:25:24 UTC
Most of the time this happens because underline session is expired or interrupted.
Check configurations for same and is there any heartbeat getting recorded for connections with n/w.
Post
Topic
Board India
Re: Welcome to Indians
by
highflyer235
on 04/08/2018, 18:14:56 UTC
Bitcoin market in india hopefully will grow after Court decision in September.
Post
Topic
Board Speculation (Altcoins)
Re: Is it the best time to invest on ETH
by
highflyer235
on 04/08/2018, 15:32:09 UTC
Mainstream adoption is increasing e.g. Starbucks will now accept BTC.
Also, ETP market will definitely get push in next one month.
Overall, in coming months there is bright future for BTC and ETH base market.