BLOCK EXPLORER - FORK - MEDIUM OF EXCHANGE


BLOCK EXPLORER	they provide useful information such as network hash rate and transaction growth. block explorer is an online tool to view all transactions, past and current, on the blockchain. ^{Source + Source}
FORK	bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis. ^{Source + Source}
MEDIUM OF EXCHANGE	fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system. ^{Source + Source}
BITCOIN (UNIT OF CURRENCY)	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. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) 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. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. ^{Source + Source}


BLOCK EXPLORER	they provide useful information such as network hash rate and transaction growth. block explorer is an online tool to view all transactions, past and current, on the blockchain. ^{Source + Source}
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. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) 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. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. ^{Source + Source}
MEDIUM OF EXCHANGE	fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system. ^{Source + Source}
BITCOIN (UNIT OF CURRENCY)	bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis. ^{Source + Source}

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BLOCK EXPLORER - FORK - MEDIUM OF EXCHANGE - BITCOIN (UNIT OF CURRENCY) -