🎯Block
A block is the register in the block chain that contains confirmations of several pending transactions.
Every 10 minutes Approx. on average, a new block with recent transactions is attached to the block chain thanks to mining.
🎯 BTC
It is the symbol of the Bitcoin currency. It can be used the same way USD is used when referring to US dollars. Bitcoin (BTC) is the largest "dominance" digital currency on the market.
🎯 Chain of blocks
It is a public record of transactions Bitcoin or other cryptones in chronological order. This is shared among all users on the network. It is used to verify Bitcoin transactions and to prevent double spending.
🎯 Confirmation
It means that a transaction has been processed by the network and is likely not to be reversed. Transactions are confirmed when included in a block. For both small and large transactions, it makes sense to wait up to 6 confirmations or more.
Each confirmation helps prevent the transaction from being rolled back.
🎯 Cryptography
It is the branch of mathematics that allows you to create arithmetic tests that provide high levels of security.
Online commerce and banks already use cryptography. In the case of Bitcoin, it is used to make it impossible for someone to spend the funds of other users or to corrupt the chain of blocks. It is also used to encrypt the data, thus a wallet is used with a unique password.
🎯 Address (wallet)
A Bitcoin address or any criptomoneda is similar to a physical address or e-mail. It's the only information you need from someone to send you funds.
🎯 Signature
A cryptographic signature is a mathematical mechanism that allows someone to prove that it is owned by a Bitcoin or other cryptonnet purse and its private key (s) is linked by some kind of mathematical algorithm.
🎯 Private Key
A private key is a secret part of the data that credits your right to spend Bitcoins by means of a cryptographic signature. Private key (s) are stored on a computer if you use a desktop purse; while using a web wallet will be stored on remote servers of the provider.
Private keys should never be shared, since they allow you to spend bitcoins from their corresponding wallet.
🎯 Mining
Mining is the process of performing mathematical calculations using software and hardware to confirm transactions on the network and maintain safety. As a reward for this, the miners charge the transaction costs apart from being rewarded by each criptomoneda, which already has part of their chips destined to this fundamental task.
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Thanks for being here.
Doubts or concerns in the comments, delighted to walk me through your blog👍
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I have a lot to learn. I originally got into Steemit because of a buddy and I love writing and video games, both are topics that do reasonable here. Now that I'm here I am going to have to learn some crypto speak and mechanics to see how it functions.
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thanks brother