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Satoshi
| Глоссарий по криптовалютам и блокчейну |
The smallest unit of bitcoin, equal to 0.00000001 btc
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Economic finality, английский
A block or state can be considered finalized if it can be shown that if any incompatible block or state is also finalized (eg. two different blocks at the same height) then there exists evidence that can be used to penalize (the security deposits of) the parties at fault by some amount $x. this value x is called the cryptoeconomic security margin of the finality mechanism.
Lightning network, английский
The 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. it will allow millions of transactions in a few seconds, at low costs, even between different blockchains, as long as both chains use the same cryptographic hash function. the lightning network will allow two participants on the network to create a ledger entry, conduct a number of transactions between themselves and after the process has finished, record the state of the transactions on the blockchain. as for now, the bitcoin network is capable of processing up to 7 transactions per second. the visa payment network, for instance, is believed to complete 45,000 transactions per second during a regular holiday period. this protocol tries to solve the bitcoin scalability problem
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