1. QiAi QuestsHome
  2. Metaverse & Beyond

What is BitLock (What does BitCipher mean)?

• Metaverse & Beyond • 59 views

BitLock is a decentralized smart contract platform based on the Bitcoin Cash pro

What is BitLock (What does BitCipher mean)?

BitLock is a decentralized smart contract platform based on the Bitcoin Cash protocol. By using open-source software and distributed systems, BitLock allows users to freely send, receive, and exchange cryptocurrencies such as BTC without any fees or the need for any action. However, due to the security and efficiency issues of the blockchain network, its security cannot be guaranteed. Therefore, users can protect their funds by conducting transactions through wallets.

Compared to traditional financial instruments, digital assets have the characteristics of faster processing speed and lower transaction fees, but they do not rely on third-party services like banks to complete cross-border remittances.

What does BitCipher mean?

Bitcoin is a distributed storage digital asset, and its main feature is the ability to transact without a central server. However, it is also referred to as “cipher” which refers to a sequence of codes and cryptographic symbols generated through mathematical means.

BitCipher is a special form of cryptocurrency, which is a system composed of a group of computers to manage encrypted information. These ciphers include public keys, private addresses, and various types of information (such as letters or numbers). This technology allows anyone to access encrypted files without relying on a third party or the involvement of intermediaries or miners.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/24652.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/17/2023 05:59
Next 08/17/2023 06:22

Related recommendations