MINING - BITCOIN (UNIT OF CURRENCY) - PROOF OF WORK - SOFT FORK - PUBLIC/PRIVATE KEY - PROOF-OF-WORK - MASF - PUMP AND DUMP - DOGECOIN - SPV -

ali.wood (49)in #bitcoin • 7 years ago

MINING the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
BITCOIN (UNIT OF CURRENCY) when the value is high enough, the perpetrator sells their assets, cashing in and flooding the market, which causes the value to crash. the publicity causes others to acquire the asset, forcing up its value. inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements.
PROOF OF WORK miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
SOFT FORK bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis.
PUBLIC/PRIVATE KEY by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. in this cryptocurrency boom, mining can be a lucrative business when done properly. the necessity of validation warrants an incentive for the miners, usually in the form of coins. mining is the act of validating blockchain transactions.
PROOF-OF-WORK a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.
MASF another party can then receive the message and using a key that is only known to that individual or group, decode the message. in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message.
PUMP AND DUMP gained a broad international following and quickly grew to have a multi-million dollar market capitalization. features a japanese fighting dog as its mascot. an altcoin first started as a joke in late 2013.
DOGECOIN this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.
SPV this type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. a soft fork differs from a hard fork in that only previously valid transactions are made invalid.
Source + Source


MINING	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
BITCOIN (UNIT OF CURRENCY)	when the value is high enough, the perpetrator sells their assets, cashing in and flooding the market, which causes the value to crash. the publicity causes others to acquire the asset, forcing up its value. inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements.
PROOF OF WORK	miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
SOFT FORK	bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis.
PUBLIC/PRIVATE KEY	by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. in this cryptocurrency boom, mining can be a lucrative business when done properly. the necessity of validation warrants an incentive for the miners, usually in the form of coins. mining is the act of validating blockchain transactions.
PROOF-OF-WORK	a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.
MASF	another party can then receive the message and using a key that is only known to that individual or group, decode the message. in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message.
PUMP AND DUMP	gained a broad international following and quickly grew to have a multi-million dollar market capitalization. features a japanese fighting dog as its mascot. an altcoin first started as a joke in late 2013.
DOGECOIN	this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.
SPV	this type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. a soft fork differs from a hard fork in that only previously valid transactions are made invalid.

MINING by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. in this cryptocurrency boom, mining can be a lucrative business when done properly. the necessity of validation warrants an incentive for the miners, usually in the form of coins. mining is the act of validating blockchain transactions.
BITCOIN (UNIT OF CURRENCY) bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis.
PROOF OF WORK the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
SOFT FORK this type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. a soft fork differs from a hard fork in that only previously valid transactions are made invalid.
PUBLIC/PRIVATE KEY another party can then receive the message and using a key that is only known to that individual or group, decode the message. in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message.
PROOF-OF-WORK a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.
MASF miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
PUMP AND DUMP when the value is high enough, the perpetrator sells their assets, cashing in and flooding the market, which causes the value to crash. the publicity causes others to acquire the asset, forcing up its value. inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements.
DOGECOIN gained a broad international following and quickly grew to have a multi-million dollar market capitalization. features a japanese fighting dog as its mascot. an altcoin first started as a joke in late 2013.
SPV this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.
Source + Source


MINING	by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. in this cryptocurrency boom, mining can be a lucrative business when done properly. the necessity of validation warrants an incentive for the miners, usually in the form of coins. mining is the act of validating blockchain transactions.
BITCOIN (UNIT OF CURRENCY)	bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis.
PROOF OF WORK	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
SOFT FORK	this type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version. since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. a soft fork differs from a hard fork in that only previously valid transactions are made invalid.
PUBLIC/PRIVATE KEY	another party can then receive the message and using a key that is only known to that individual or group, decode the message. in cryptography a public key is a cryptographic key that can be utilized by any party to encrypt a message.
PROOF-OF-WORK	a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.
MASF	miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
PUMP AND DUMP	when the value is high enough, the perpetrator sells their assets, cashing in and flooding the market, which causes the value to crash. the publicity causes others to acquire the asset, forcing up its value. inflating the value of a financial asset that has been produced or acquired cheaply, using aggressive publicity and often misleading statements.
DOGECOIN	gained a broad international following and quickly grew to have a multi-million dollar market capitalization. features a japanese fighting dog as its mascot. an altcoin first started as a joke in late 2013.
SPV	this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.

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7 years ago in #bitcoin by ali.wood (49)

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MINING - BITCOIN (UNIT OF CURRENCY) - PROOF OF WORK - SOFT FORK - PUBLIC/PRIVATE KEY - PROOF-OF-WORK - MASF - PUMP AND DUMP - DOGECOIN - SPV -

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