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Asymmetric Market Update™️ #30
Crypto Tokens
Mo Shafieeha and • 156 cards
Units of bitcoin are created through a process called “mining,” which involves repeatedly performing a computational task that references a list of recent Bitcoin transactions. Any participant in the Bitcoin network may operate as a miner, using their computing devices to help secure transactions. Every 10 minutes, on average, one Bitcoin miner can
... See moreDavid A. Harding • Mastering Bitcoin
The BIP16 upgrade to the Bitcoin protocol in 2012 allows an output script to commit to a redemption script (redeem script). When Bob spends his bitcoins, his input script needs to provide a redeem script that matches the commitment and also any data necessary to satisfy the redeem script (such as signatures).
David A. Harding • Mastering Bitcoin
Each Bitcoin block is limited in the amount of transaction data it can contain, so most Bitcoin software needs to be able to measure the transactions it creates or processes. The modern unit of measurement for Bitcoin is called weight. An alternative version of weight is vbytes, where four units of weight equal one vbyte, providing an…
Some
David A. Harding • Mastering Bitcoin

Avec cette conception technologique, Nakamoto a inventé la rareté numérique. Bitcoin est le premier exemple d'un bien numérique qui est rare et qui ne peut être reproduit indéfiniment. Il est facile d'expédier un objet numérique d'un endroit à un autre dans un réseau numérique comme nous le faisons pour les mails, les messages textes ou les
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