Glossary - Revision history

Clockuniverse at 00:50, 26 February 2018

2018-02-26T00:50:18Z

Clockuniverse at 21:29, 25 February 2018

2018-02-25T21:29:09Z

Clockuniverse at 19:50, 25 February 2018

2018-02-25T19:50:06Z

Clockuniverse: A glossary of terms.

2018-02-21T02:47:46Z

A glossary of terms.

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Clockuniverse: Reverted edits by Clockuniverse (talk) to last revision by TheSin

2018-02-21T01:48:02Z

Reverted edits by Clockuniverse (talk) to last revision by TheSin

Clockuniverse: Reverted edits by TheSin (talk) to last revision by Clockuniverse

2018-02-21T01:34:31Z

Reverted edits by TheSin (talk) to last revision by Clockuniverse

TheSin at 13:19, 20 February 2018

2018-02-20T13:19:15Z

Clockuniverse at 02:24, 20 February 2018

2018-02-20T02:24:58Z

Clockuniverse: Created page with "'''51% Attack''' A condition in which more than half the computing power on a cryptocurrency network is controlled by a single miner or group of miners. That amount of power..."

2018-02-20T01:48:26Z

Created page with "'''51% Attack''' A condition in which more than half the computing power on a cryptocurrency network is controlled by a single miner or group of miners. That amount of power..."

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@@ Line 139: / Line 139: @@
 A digital wallet is similar to a physical wallet except that it is used to hold digital currency. A Terracoin wallet holds your private keys, which allow you to spend your Terracoin. You are also able to make backups of your wallet in order to ensure that you never lose access to your Terracoin. Digital wallets can exist in many different forms and on many devices:
-Wallet programs that you install on a laptop or desktop computer. You are solely responsible for protecting the wallet file and the private keys it contains. Make backup copies of your wallet files to ensure that you don't lose access to your funds.
+:* Mobile Wallet (Android, iPhone): These wallets can be downloaded through Google Play or Apple (iTunes) App Stores. Mobile wallets allow you to use Terracoin on-the-go by scanning a QR code to send payment. Make backup copies of your mobile wallet files to ensure that you don't lose access to your funds. Due to security issues with mobile phones, it is advised that you don't store large amounts of funds on these wallets.
 ===Hardware Wallets (Trezor, KeepKey, Ledger Nano)===
@@ Line 365: / Line 359: @@
 Terracoin clients are software programs used to interface with the Terracoin network. They store the private keys needed to conduct Terracoin transactions as well as a copy of the entire blockchain. A Terracoin client connects to the Terracoin network and becomes a node in the network. A node shares and propagates new transactions with the rest of the network, creating a robust infrastructure.
-==TerracoinCore Wallet==
+==Terracoin Core Wallet==
 The Terracoincore Wallet (known also as the QT wallet) is the "official" Terracoin wallet that is compiled by the Terracoin Foundation and allows both PrivateSend and InstantSend. The TerracoinCore wallet will download the entire blockchain and serve it over the internet to any peers who request it.
-[[TerracoinCore Wallet]]
+[[Terracoin Core Wallet]]
 ==Testnet==

@@ Line 59: / Line 59: @@
 https://en.wikipedia.org/wiki/Block_chain_(database)#Blocks
-===Budget System / DGBB===
+==Budget System / DGBB==
 The development of Terracoin and the Terracoin ecosystem is self-funded by the network. Each time a block is discovered, 45% of the block reward goes to miners and 45% goes to masternodes. Ten percent is withheld by the network and used to fund projects that are approved by the masternode network. For a fee, anybody can submit a proposal to the network, and will be paid directly by the blockchain if approved by the masternodes. The Budget System is sometimes called the Treasury System; the two terms are interchangeable.

@@ Line 355: / Line 355: @@
 Communication is sent out to users informing them of the change and the need for them to update their clients. Those who update their clients run the new code, but in the event of errors occurring with that new code, the client’s blocks are not rejected by the network and unintended forks are avoided. Data about the error can then be collected and forwarded to the development team. Once the development team is satisfied with the new code’s stability in the mainnet environment – and once acceptable network consensus is attained – enforcement of the updated code can be activated remotely. Should problems arise, the code can be deactivated in the same manner, without the need for a network-wide rollback or client update.
-[[Multi-Phased Fork (“Spork”)]]
+[[Multi-Phased Fork (Spork)]]
 ==Tainted Coins==

@@ Line 64: / Line 64: @@
 The development of Terracoin and the Terracoin ecosystem is self-funded by the network. Each time a block is discovered, 45% of the block reward goes to miners and 45% goes to masternodes. Ten percent is withheld by the network and used to fund projects that are approved by the masternode network. For a fee, anybody can submit a proposal to the network, and will be paid directly by the blockchain if approved by the masternodes. The Budget System is sometimes called the Treasury System; the two terms are interchangeable.
-[[Self-sustainable Decentralized Governance by Blockchain (Budget System)]]
+[[Understanding the Governance and Budget System|Self-sustainable Decentralized Governance by Blockchain (Budget System)]]
 '''Cloud Wallet'''

@@ Line 64: / Line 64: @@
 The development of Terracoin and the Terracoin ecosystem is self-funded by the network. Each time a block is discovered, 45% of the block reward goes to miners and 45% goes to masternodes. Ten percent is withheld by the network and used to fund projects that are approved by the masternode network. For a fee, anybody can submit a proposal to the network, and will be paid directly by the blockchain if approved by the masternodes. The Budget System is sometimes called the Treasury System; the two terms are interchangeable.
-[[Understanding the Governance and Budget System|Self-sustainable Decentralized Governance by Blockchain (Budget System)]]
+[[Self-sustainable Decentralized Governance by Blockchain (Budget System)]]
 '''Cloud Wallet'''

@@ Line 64: / Line 64: @@
 The development of Terracoin and the Terracoin ecosystem is self-funded by the network. Each time a block is discovered, 45% of the block reward goes to miners and 45% goes to masternodes. Ten percent is withheld by the network and used to fund projects that are approved by the masternode network. For a fee, anybody can submit a proposal to the network, and will be paid directly by the blockchain if approved by the masternodes. The Budget System is sometimes called the Treasury System; the two terms are interchangeable.
-Self-sustainable Decentralized Governance by Blockchain (Budget System)
+[[Self-sustainable Decentralized Governance by Blockchain (Budget System)]]
 '''Cloud Wallet'''
@@ Line 106: / Line 106: @@
 In concept, DGW is similar to Kimoto Gravity Well, adjusting the difficulty levels every block (instead of every 2016 blocks like Bitcoin) by using statistical data of the last blocks found. In this way block issuing times can remain consistent despite fluctuations in hashpower. However it doesn't suffer from the time-warp exploit.
-Dark Gravity Wave
+[[Dark Gravity Wave]]
 '''DarkSend'''
@@ Line 164: / Line 164: @@
 '''Escrow Services'''
 https://en.wikipedia.org/wiki/Escrow
@@ Line 235: / Line 233: @@
 These are among the safest type of wallet for storing your Terracoin. Your private key is protected inside a piece of hardware, and is never exposed to the internet. You are still able to sign transactions as normal, making it both safe and convenient.
-Hardware Wallets
+[[Hardware Wallets]]
 '''Hash'''
@@ Line 262: / Line 260: @@
 Miners process transactions on the Terracoin network and publish them on the blockchain. As a reward for doing this, miners are paid 45% of the block reward.
-Mining
+[[Mining]]
 '''Mobile Wallet'''
@@ Line 268: / Line 266: @@
 These are wallets available on mobile phones (iPhone & Android).
-Mobile Wallets
+[[Mobile Wallets]]
 '''MultiSig'''
 Multi-signature addresses provide additional security by requiring multiple people to sign a transaction with their private key before the transaction can be sent. For example, in 2 of 3 multisig, two out of three possible signatories have to sign a transaction for it to be processed. Multi-signature addresses are commonly used by exchanges and other organizations that are in possession of large sums of cryptocurrency, since it makes theft much more difficult.
 '''Node'''
@@ Line 352: / Line 348: @@
 Communication is sent out to users informing them of the change and the need for them to update their clients. Those who update their clients run the new code, but in the event of errors occurring with that new code, the client’s blocks are not rejected by the network and unintended forks are avoided. Data about the error can then be collected and forwarded to the development team. Once the development team is satisfied with the new code’s stability in the mainnet environment – and once acceptable network consensus is attained – enforcement of the updated code can be activated remotely. Should problems arise, the code can be deactivated in the same manner, without the need for a network-wide rollback or client update.
-Multi-Phased Fork (“Spork”)
+[[Multi-Phased Fork (“Spork”)]]
 '''Tainted Coins'''
@@ Line 366: / Line 362: @@
 The Terracoincore Wallet (known also as the QT wallet) is the "official" Terracoin wallet that is compiled by the Terracoin Foundation and allows both PrivateSend and InstantSend. The TerracoinCore wallet will download the entire blockchain and serve it over the internet to any peers who request it.
-TerracoinCore Wallet
+[[TerracoinCore Wallet]]
 '''Testnet'''
@@ Line 372: / Line 368: @@
 Testnet is a network only for testing (parallel to the mainnet), test wallets, test coins, test masternodes, test miners, and test users all simulate their mainnet counterparts in a safe environment where errors or forks are not harmful.
-Testnet
+[[Testnet]]
 '''TOR'''
@@ Line 426: / Line 422: @@
 Is a transaction without any confirmations from the blockchain. It is reversible (unless InstantSend was used).
-'''vin'''
+'''Vin'''
 A transaction (tx) consists of one or more inputs and one or more outputs. The vin is the list of inputs to the transaction, and vout is the list of outputs. Masternodes require a 5000 Terracoin vin (exactly that amount) in order to work.