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!
A Franko address is like a physical address or an email. It is the only information you need to provide for someone to pay you with Franko.
Thu, 19 Dec, 2013 at 12:27 PM
Franko - with capitalization, is used when describing the concept of Franko, or the entire network itself. e.g. "I was learning about the Franko protoc...
Mon, 22 Jul, 2013 at 3:51 PM
A block is a record in the block chain that contains and confirms many waiting transactions. Roughly every 10 minutes, on average, a new block including tra...
Mon, 22 Jul, 2013 at 3:53 PM
The block chain is a public record of all Franko transactions, in chronological order. The block chain is shared between all Franko users. It is used to ver...
Sun, 15 Jun, 2014 at 6:08 AM
FRK is the common unit of Franko currency. It can be used in a similar way to USD for US dollar instead of ₣ or $.
Mon, 22 Jul, 2013 at 3:58 PM
Confirmation means that a transaction has been verified by the network and is highly unlikely to be reversed. One confirmation is pretty secure. Although fo...
Mon, 22 Jul, 2013 at 3:59 PM
Cryptography is the branch of mathematics that lets us create mathematical proofs that provide high levels of security. Online commerce and banking already ...
Mon, 22 Jul, 2013 at 4:03 PM
If a malicious user tries to spend their frankos to two different recipients at the same time, this is double spending. Franko mining and the block chain ar...
Mon, 22 Jul, 2013 at 4:08 PM
The hash rate is the measuring unit of the processing power of the Franko network. The Franko network must make intensive mathematical operations for securi...
Fri, 23 Aug, 2013 at 2:26 PM
Franko mining is the process of making computer hardware do mathematical calculations for the Franko network to confirm transactions and increase security. ...
Tue, 22 Apr, 2014 at 8:41 AM