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DIFFICULTY - SOFT FORK - LIGHTNING NETWORK - BIP148 - POOL - MINING POOL - ETHER - USAF - SATOSHI - GENESIS BLOCK -

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DIFFICULTY a soft fork differs from a hard fork in that only previously valid transactions are made invalid. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. this type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version.
SOFT FORK is the native token of the ethereum blockchain which is used to pay for transaction fees, miner rewards and other services on the network.
LIGHTNING NETWORK the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin.
BIP148 user activated soft fork. it’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. the uasf concept was combined with segwit activation in the bip148 proposal which became active on 1st august 2017.
POOL a group of miners who have decided to combine their computing power for mining. this allows rewards to be distributed more consistently between participants in the pool.
MINING POOL bip148 is a user activated soft fork (uasf) that was designed to cause the existing segwit masf deployment to cause activation in all existing segwit capable node software (which currently is 80% of the network nodes)
ETHER is a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. this protocol tries to solve the bitcoin scalability problem.
USAF 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.
SATOSHI this refers to how easily a data block of transaction information can be mined successfully.
GENESIS BLOCK the first or first few blocks of a blockchain.


DIFFICULTY this refers to how easily a data block of transaction information can be mined successfully.
SOFT FORK a soft fork differs from a hard fork in that only previously valid transactions are made invalid. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. this type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version.
LIGHTNING NETWORK is a decentralized network using smart contract functionality on the blockchain to enable instant payments across a network of participants. the lightning network will allow bitcoin transactions to happen instantly, without worrying about block confirmation times. this protocol tries to solve the bitcoin scalability problem.
BIP148 bip148 is a user activated soft fork (uasf) that was designed to cause the existing segwit masf deployment to cause activation in all existing segwit capable node software (which currently is 80% of the network nodes)
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.
MINING POOL a group of miners who have decided to combine their computing power for mining. this allows rewards to be distributed more consistently between participants in the pool.
ETHER is the native token of the ethereum blockchain which is used to pay for transaction fees, miner rewards and other services on the network.
USAF user activated soft fork. it’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. the uasf concept was combined with segwit activation in the bip148 proposal which became active on 1st august 2017.
SATOSHI the smallest unit of bitcoin possible. there are 100 million satoshis in a single bitcoin.
GENESIS BLOCK the first or first few blocks of a blockchain.
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