Vocabulary

Franko provides a new approach to payments and, as such, there are some new words that might become a part of your vocabulary. Don't worry, even the humble television created new words!

P2P
Peer-to-peer refers to systems that work like an organized collective by allowing each individual to interact directly with the others. In the case of Frank...
Mon, 22 Jul, 2013 at 4:10 PM
Private Key
A private key is a secret piece of data that proves your right to spend frankos from a specific Franko address through a cryptographic signature. Each Bitco...
Mon, 22 Jul, 2013 at 4:11 PM
Signature
A cryptographic signature is a mathematical mechanism that allows someone to prove ownership. In the case of Franko, a Franko address and its private key ar...
Mon, 22 Jul, 2013 at 4:12 PM
Wallet
A Franko wallet is loosely the equivalent of a physical wallet on the Franko network. The wallet actually contains your private keys which allow you to spen...
Mon, 22 Jul, 2013 at 4:13 PM