 |  |
| KYC | a collection of mining clients which collectively mine a block, and then split the reward between them. mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. |
| BITCOIN NETWORK | also knows as the 'the new york agreement' is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. |
| SEGWIT2X | consensus is achieved when all participants of the network agree on the validity of the transactions, ensuring that the ledgers are exact copies of each other. |
| SOFTFORK | forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. a split in the blockchain where there are temporarily two different blockchains which miners can work on. 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. this deliberate change is called a “hard 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. |
| TRANSACTION BLOCK | happens when someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like bitcoin or ethereum. |
| SATOSHI | a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. this kind of fork requires only a majority of the miners upgrading to enforce the new rules |
| INITIAL COIN OFFERING (ICO) | know your client/customer rules force financial institutions to vet the people they are doing business with, ensuring that they are legitimate. |
| POOL | the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin. |
| FORK | the decentralized, peer-to- peer network which maintains the blockchain. this is what processes all bitcoin transactions. |
| CONSENSUS | a collection of transactions gathered into a block that can then be hashed and added to the blockchain. |
| |  |
| KYC | know your client/customer rules force financial institutions to vet the people they are doing business with, ensuring that they are legitimate. |
| BITCOIN NETWORK | the decentralized, peer-to- peer network which maintains the blockchain. this is what processes all bitcoin transactions. |
| SEGWIT2X | also knows as the 'the new york agreement' is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. |
| SOFTFORK | a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. this kind of fork requires only a majority of the miners upgrading to enforce the new rules |
| TRANSACTION BLOCK | a collection of transactions gathered into a block that can then be hashed and added to the blockchain. |
| SATOSHI | the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin. |
| INITIAL COIN OFFERING (ICO) | happens when someone offers investors some units of a new cryptocurrency or crypto-token in exchange against cryptocurrencies like bitcoin or ethereum. |
| POOL | a collection of mining clients which collectively mine a block, and then split the reward between them. mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. |
| FORK | forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. a split in the blockchain where there are temporarily two different blockchains which miners can work on. 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. this deliberate change is called a “hard 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. |
| CONSENSUS | consensus is achieved when all participants of the network agree on the validity of the transactions, ensuring that the ledgers are exact copies of each other. |
Thanks for clarifying the situation!
Thank You! ⚜
Hello @steemcleaners,
You are doing a good job but in this case, this is not a plagiarism. We are a big community helping people with cryptocurrency learning/issues and we are working together on it.
@ali.wood is one of us.
Please, cancel the actions you did in this post and about this user !!!
I removed the flag and edited the comment. You may need to think about how you can make it known this is a contest or challenge.
Thank you @patrice,
Could you, please take any action to revert the negative effect of this downvote?
Our team is really frustrated today!!!
Hello @steemcleaners,
As @rstracer commented, you are doing a great job, but in this case, your actions (@steemcleaners) affected our community and specific my reputation.
You should ask/clarify before taking these actions.
Could you please, comment on how are you planning to fix your misunderstanding?
Hello @steemcleaners,
Could you, please, remove the "This post was hidden due to low ratings." and the other taken actions that are affecting our team?
@steemcleaners, please, note that this post has received a downvote from @blacklist-a, because of your misunderstanding.
Could you, please, fix that?
I wish I could. I have no idea who owns that bot. It has almost no weight and cannot affect your reputation or payout.
@steemcleaners / @cheetah / @patrice:
This is not fair. We thought you have this clear as you commented. But it's not. Take a look at the bot (@cheetah) comment please:
https://steemit.com/steem/@rspower/last-hour-price-changes-steem-475-btc-056-xrp1171-eth-080-bch-097-ada251-ltc-114-miota-254-xem-248-1514597437
@steemcleaners / @cheetah / @patrice:
Please, do something !!!
We started to add a specific clarification/note (The agreement of our Team) for you in our posts.
E.g.: https://steemit.com/monero/@ali.wood/monero-vs-nem-december-22nd-december-28th-1514603429
What else should we do?
I follow and upvote You, please do the same
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://steemit.com/steem/@rstracer/satoshi-paper-wallet-bitcoin-transaction-ethereum-bitcoin-network-irreversible-address-digital-asset-1513558802
Hello @cheetah,
You are doing a good job but in this case, this is not a plagiarism. We are a big community helping people with cryptocurrency learning/issues and we are working together on it.
@ali.wood is one of us.
Please, cancel the actions you did in this post and about this user !!!
Hello @cheetah,
As @rstracer commented, you are doing a great job, but in this case, your actions (@steemcleaners) affected our community and specific my reputation.
You should ask/clarify before taking these actions.
Could you please, comment on how are you planning to fix your misunderstanding?
Welcome to steemit @ali.wood, best regards hopefully you feel at home here. 😍
Thank you @wajidali !!! :)