what is Peer?-Definition of all finance terms

What is Peer?

Definition of Peer A peer is a group or number of functional units in a network, which allows more than one participant in a distributed blockchain-based network. To connect and share their resources in this blockchain-based network, these peers are so helpful. One common network the name of the P2P network, regulate all these peers for […]
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what is participant?-Definition of all finance terms

What is Participant?

Definition of Participant Participants are a member of cryptocurrency. These participants are computers which are connected and shared their resources in a distributed blockchain-based network. These participants or computers are working on behalf of their members who are a member of cryptocurrency. Moreover, these participants can regulate in this distributed blockchain-based network with the help of […]
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what is Bitcoin uppercase?-Definition of all finance terms

What is Bitcoin (uppercase)?

Definition of Bitcoin (uppercase) Bitcoin uppercase has basically defined the bitcoin with a capital “B” which represents different context or perspective. When we use bitcoin with an uppercase that means we are here referring bitcoin in a context of complete distributed network or ecosystem. It is important for users to differentiate between bitcoin with uppercase and […]
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what is Attestation Ledger?-Definition of all finance terms

What is Attestation Ledger?

Definition of Attestation Ledger An attestation ledger is a reliable form of distributed ledger which provides evidence or a solid record of an agreement’s commitments and statements. Also, an application can use it to demonstrate that it is running on a genuine ledger device. Brief Explanation of Attestation Ledger This ledger consists of all types of […]
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what is Proof of Stake?-Definition of all finance terms

What is Proof-of-Stake?

Definition of Proof-of-Stake It is the alternative to proof of work.  Proof-of-stake is a concept that letting know about the capacity of a person can hold the block transactions by checking how many numbers of digitized coins or currency they have. Therefore, a person with more coins can have a greater number of block transactions in […]
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what is Replicated Ledger?-Definition of all finance terms

What is Replicated Ledger?

Definition of Replicated Ledger Replicated ledger is a copy of a distributed ledger in a network that is distributed to all participants in a network of the cryptocurrency world. This is very helpful to share all the recorded digitized information or data with all cryptocurrency participants in a network. However, sharing a single copy to a […]
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what is Solidity?-Definition of all finance terms

What is Solidity?

Definition of Solidity Solidity is basically a high-level language,  which is used in implementing smart contracts in an ethereum virtual machine. It’s a contract-oriented and statically typed language that everyone in the distributed blockchain-based network does not commonly know. Brief Explanation of Solidity The purpose of this converting contracts into a different or high-level language is […]
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what is Distributed ledgers?-Definition of all finance terms

What is Distributed ledgers?

Definition of Distributed ledgers A general agreement consists of digitized synchronized data, which is shared publicly across the world to different sites, institutions and countries geographically called distributed ledger, also known as a shared ledger. Throughout the global network, each node has independently updated the ledger. Brief Explanation of Distributed ledgers The implementation of this ledger […]
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what is peer-to-peer?-Definition of all finance terms

What is PEER TO PEER (P2P)?

Definition of Peer-to-Peer P2P stands for peer-to-peer, consisting of more than one personal computer system connected to one another through an internet connection or network. There is no central computer system or server which transfers data to other clients, in this case, all the information has been shared between all the systems with each other. […]
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What is DAPP?-Definition of all finance terms

What is DAPP?

Definition of DAPP DAPP is an abbreviation of decentralized application, it is software that centrally regulates or transfers the information from one point to another with the help of a single center. It is one of the innovative applications in the world of cryptocurrency, including bitcoin and ether. Brief Explanation of DAPP It includes different […]
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