- Immature - The maturity of coins refers to their staking eligibility, which is controlled by their amount of confirmations. GOSSIP are considered mature once they have 101 confirmations, which takes about 101 minutes.
- Unconfirmed - A GOSSIP transaction that has not yet been included in a block
- Orphan block - A block that is no longer part of the active chain. This can happen most often after fixing your chain or if you stake a block successfully, but someone else staked one slightly sooner.
- Fork - In general terms, a fork is a divergence like a fork in a road. The most common use of this term in cryptocurrency is for code or chain forks. In both situations, the data leading up to the fork will match, but after the fork it will differ between the forks.
- Chain fork - A divergence of a blockchain, usually due to expanding or constricting the rules about what kind of blocks are valid
- Code fork - A copy of existing code to be developed toward different goals
- Wrong chain - The incorrect blockchain, usually by not updating your software with a mandatory version in time
- HD Wallet - Heirarchical Deterministic Wallet - A wallet that can use a seed mneumonic phrase to generate addresses and keys, rather than loading them from a wallet.dat file.
- GUI - Graphical User Interface
- CLI - Command Line Interface
- Zerocoin - A cryptographic blockchain privacy protocol that uses ZK Proofs to break linkage and hide balances.
- Zerocash - Zerocash is a different method of using ZK proofs for privacy, used in ZCash.
- ZK Proofs - Zero Knowledge Proofs - Technology that allows you to prove you know a secret without disclosing the information. Used in the zerocoin and zerocash protocols as part of the privacy mechanism
- zk-SNARKS - Technology used in the zerocash protocol used by ZCash and soon to be adopted by Ethereum
- zk-STARKS - A theoretical improvement to zerocash with no trusted setup, smaller proofs, and lower resource requirements
- Scaled - A scaled transaction or balance indicates that it is on an old wallet version and the wallet has not been upgraded yet
- Collateral Transaction: This is the amount of coins required to operate the Masternode. Sending your Collateral Transaction: You must send exactly the coins to generate a valid Transaction ID(txid) to be used for a Masternode. (When sending a transaction to yourself you will see it in your history "payment to self"as a small fee.)
- Transaction ID (txid): This value is generated when you successfully send exactly the collateral to your new receiving address. This process ensures you only have exactly the collateral in the specified address and allows the wallet to lock those funds in place. These will now be used for your Masternode Collateral. This can be confusing to understand. This number is often 0 or 1.
(The... blockchain uses a per-output transactional model, in which every transaction has a set of inputs and a set of outputs. Each input “spends” one output of a previous transaction, with the blockchain ensuring that this output cannot be spent elsewhere. The full history of transactions forms a multiway connected chain... All of the [assets] in a transaction’s inputs flow into that transaction, which are then distributed across its outputs in accordance with the quantities written within. As a result most regular payments require two outputs – one with the intended amount for the recipient, and the other containing “change” which goes back to the sender for use in a subsequent transaction.)
- Private Key: This is essentially a password that your VPS will use to access your local wallet and verify your Collateral Transaction. KEEP THIS SAFE. DO NOT SHARE IT. PEOPLE CAN ACCESS YOUR WALLET WITH THIS KEY.
Hot/Cold Wallet: This term refers to your VPS and Local Machine respectively. Your VPS(Hot) will run your Masternode and stay online while your Local wallet (Cold) is free to go offline.
Modified on: Tue, 31 Jul, 2018 at 4:18 PM
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