Hash Rate:The unit of measure for the processing power of the Bitcoin network, expressed in seconds.
POW:The "number of times a mining machine can make a hash collision per second" is usually called the calculation power. 1P computing power (1P = 1024T, 1T = 1024G) is equivalent to 1.05 million G. This means that if you have 1G of total network computing power, you can get almost one-thousandth of the bitcoin produced by the whole network. Based on Bitcoin's daily output of 3,800 calculations, 1G computing power per day is about 0.0036 bitcoins.
Blockchain:Is a public list of all transactions that have been sent, which ensures that everyone knows the true owner (address) of each bitcoin. A full-featured node on all networks maintains a copy of the blockchain.
Multisig:A technology that allows multiple public keys to jointly sign a bitcoin transaction. With this technology, it takes a lot of private keys to sign and verify when it is spent on Bitcoin, which is then accepted by the Bitcoin network, thereby improving Bitcoin's safety.
Transaction Fee:Each bitcoin transaction receives a certain transaction fee from the payer. Transaction costs typically account for a small portion of Bitcoin transactions and are a reward for mining miners.During the mining process, the miner dug a data block, and in addition to the bitcoin rewarded by the block itself, the transaction fee income can be obtained.
Mining:The process of consuming computing resources to process transactions, ensuring network security, and maintaining the synchronization of information for everyone in the network is similar to gold mining.It can be understood as a bitcoin data center, miners can operate in countries around the world, no one can have control over the network.
Ballet:Refers to a lightweight browser-based online management service, or a file containing the owner's bitcoin address and the corresponding private key needed to use those addresses.Similar to a bank account, in the world of Bitcoin, the bitcoin address is equivalent to a bank account number, the bitcoin private key is equivalent to the password for opening the account, and an address (account) corresponds to a private key (password), missing any element. Can't move the bitcoin in the wallet.
Private Key:A key associated with an address (this address is the hash of the public key corresponding to this private key).Applications that support the Bitcoin protocol can convert the private key of Bitcoin out of the public key and get an address. If there is a corresponding bitcoin on the address, you can use the private key to spend the bitcoin, which is dug up. "mine".
AML/KYCrule:The government has established a regulatory framework for digital currency (anti-money laundering / understanding of your customers) in order to prevent criminals from illegally using tokens.