hardware wallets</strong></a> like CoolWallet, Ledger, or any other.</p>\n<p>There are a few different types of secure elements – <strong>microSD hardware cards</strong>, universal integrated circuit cards (UICCs), embedded SE, and cloud-based SE. Talking about embedded SE, it enables SE elements to be <strong>pinned to the motherboard of a device</strong>. Either embedded UICCs or embedded SEs fall under this type of security elements.</p>\n<p>In consideration of cloud-based SE, it lowers the cost of running a <strong>host device's physical hardware chip</strong>. Besides, it offers an effortless user experience without sacrificing the security that microprocessors give.</p>\n<p>Access restriction is the main feature of SE and it allows to provide unparalleled security. Only <strong>pre-installed programs</strong> are supported by the chip, which provides reading and writing access solely to trusted devices and apps like virtual storage and point-of-sale terminals.</p>\n<p>Some of the other features that secure elements have include:</p>\n<ul>\n<li>Detecting <strong>hacking attempts</strong> and alterations (when applied on a hardware level).</li>\n<li>Storing important private data, such as encryption keys, in <strong>secure memory</strong>.</li>\n<li>Producing key combinations to run asymmetric <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-encryption/">encryption./n/nAuthentication, contactless or NFC payments, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-signature/">digital signatures</strong></strong></a>, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">cryptocurrency wallets</strong></a>, and other important areas rely on SE.</p>","level":"easy","meta_title":"What is Secure Element? Definition & Meaning | Crypto Wiki","meta_description":"Secure Element meaning: Secure Element - a hardware chip that can run a certain number of apps, store private information, and provide controlled access.","meta_keywords":null,"language":"en","created_at":"2022-03-29T06:27:20.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-secure-element"},"prevSection":{"id":676,"original_id":null,"author_id":40,"translator_id":null,"title":"Who is Satoshi Nakamoto?","slug":"who-is-satoshi-nakamoto","section":"S","keyword":"Satoshi Nakamoto","status":"published","definition":"the assumed pseudonymous individual or a group of individuals that invented Bitcoin.","content":"<p><a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin <strong>was invented by a pseudonymous individual or group of individuals known as Satoshi Nakamoto.</strong> He also wrote the document that set out the blueprint for the world’s largest cryptocurrency, also known as the Bitcoin <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-whitepaper/">whitepaper.
/nThe Bitcoin whitepaper carefully described high-tech <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptography/">cryptography principles that demonstrated how digital money might be able to avoid the necessity for central banks in the context of the financial crisis.</p>\n<p>In recent years, <strong>several individuals have been supposedly identified as</strong> <strong>Satoshi Nakamoto</strong>. Some have proceeded with considerable efforts to brush off the claims, indicating that they had no part in the establishment of the cryptocurrency. </p>\n<p>Others, however, were tied to the pseudonym via a scientific research of the whitepaper that took place, and different terms were connected with other published works. Unfortunately, these studies had no clear outcome.</p>\n<p>According to Nakamoto himself, <strong>the</strong> <strong>work of writing the code for Bitcoin first began in 2009</strong>. Nakamoto's connection with Bitcoin, however, came to an end in 2010. The final email he sent was to another developer, in which he stated that he had \"moved on to other things.\"</p>\n<p>Prior to leaving the project, he granted <strong>Gavin Andresen</strong> management of the source code repository, and the network alert key, as well as transferred many associated domains to other notable members of the Bitcoin community.</p>\n<p>Even if Satoshi Nakamoto is no longer in the picture, the creator's impact is still experienced through the Bitcoin whitepaper, which is accessible to anybody online. In honor of the founder, the smallest feasible unit of a single Bitcoin was named \"<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-satoshi-sats/">satoshi./"
/nSome people, including <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-craig-wright/">Craig Wright</strong></a>, claimed to be Satoshi Nakamoto. This Australian entrepreneur wound up attempting to claim rights on the Bitcoin whitepaper, which was poorly perceived by the cryptocurrency community.</p>\n<p>However, other suspects, like <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-hal-finney/">Hal Finney</strong></a>, who lived a few streets away from a man named Dorian Satoshi Nakamoto, as well as Dorian Satoshi Nakamoto himself, have vigorously rejected all charges. In addition, another suspect, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-nick-szabo/">Nick Szabo</strong></a>, has also denied being Nakamoto.</p>","level":"medium","meta_title":"Who is Satoshi Nakamoto? Definition & Meaning | Crypto Wiki","meta_description":"Satoshi Nakamoto meaning: Satoshi Nakamoto - is the assumed pseudonymous individual or a group of individuals that invented Bitcoin.","meta_keywords":null,"language":"en","created_at":"2022-03-29T05:16:03.000000Z","updated_at":"2022-12-30T06:52:20.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/who-is-satoshi-nakamoto"},"currentChapter":"S","currentSection":"what-are-second-layer-solutions","chapterTitle":"S","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-are-second-layer-solutions","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter S
What are Second-Layer Solutions?
Second-Layer Solutions MEANING:
Second-Layer Solutions -
a collection of solutions developed on top of a public blockchain in order to improve its efficiency and scalability.
Let's find out Second-Layer Solutions meaning, definition in crypto,
what are Second-Layer Solutions,
and all other detailed facts.
