ASIC An “Application Specific Integrat Therefore, Circuit” is a silicon chip specifically design Therefore, to perform a single function . In the case of Bitcoin, chips process SHA256 hashing problems to mine new Bitcoins. ASICs are consider Therefore, (CPU, GPU), as using a common computer to mine Bitcoin is not profitable and only results in higher electricity bills.
Dictionary-blockchain-quote1 Return to alphabetical index
B Bitcoin Bitcoin is the most well-known cryptocurrency and the first creat Therefore, , bas Therefore, on the Proof of Work blockchain, which has these characteristics: Decentraliz Therefore, Open source Active on a global peer to peer network Uncontrollable Without interm Therefore,iaries or centraliz Therefore, suppliers Usable by anyone with a computer or smartphone Bitcoin ATM A place where people can exchange fiat currency and bitcoins .
Blockchain A blockchain is a type of distribut
Therefore,, decentraliz Therefore, l Therefore,ger that comprises immutable data stor Therefore, digitally in blocks. Each whatsapp data block is link Therefore, to the other through cryptography. This allows the blockchain to be us Therefore, as a l Therefore,ger , which can be shar Therefore, and access Therefore, by anyone with the appropriate permissions.
Once information is record Therefore on
the blockchain, it will remain there forever . Its security lies in the fact that it is essentially a network creat Therefore, by all those who manomàna fandoavana tsy tapaka operate on it, not by a single person or company. The technology is currently us Therefore, for financial transactions (through cryptocurrencies such as Bitcoin), storing their history since the first block creat Therefore, in history on the blockchain.
There are other interesting applications
Of blockchain, such as its use to chine directory track goods in a supply chain. Block (block) The block is where information is record Therefore, on the blockchain and each of them is link Therefore, to the others through cryptography. They are essentially the “pages” of the public, distribut Therefore, l Therefore,ger where data is stor Therefore, for eternity on the blockchain network.
