BITCOIN NETWORK - BITCOIN TRANSACTION - DISTRIBUTED LEDGER - MINER -

matthew.davis (49)in #bitcoin • 6 years ago


BITCOIN NETWORK	this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain. ^{Source + Source}
BITCOIN TRANSACTION	a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain. ^{Source + Source}
DISTRIBUTED LEDGER	a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. ^{Source + Source}
MINER	as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.^{Source + Source}


BITCOIN NETWORK	this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain. ^{Source + Source}
BITCOIN TRANSACTION	as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.^{Source + Source}
DISTRIBUTED LEDGER	a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. ^{Source + Source}
MINER	a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain. ^{Source + Source}

Cryptocurrency News - Top Stories !

NASDAQ supports Stellar (XLM) in a move to enter the crypto world ... - GlobalCoinReport

GlobalCoinReport: It is not a secret for anybody that cryptocurrencies are getting more traction among the industry as each day passes, a fact that without any doubt can potentially ...and more ...

Third Largest Crypto Exchange Launches Crypto-Based Exchange ... - Cointelegraph

Cointelegraph: Huobi, the ... third largest cryptocurrency exchange by volume, is launching a crypto-based exchange traded fund (ETF) today, June 1, according to a ...

Crypto Candy? Expect Free Giveaways When the EOS Blockchain Launches - Coindesk

Coindesk: Stepping back, airdrops are a broader trend in crypto and not by any means something unique to EOS. A form of giveaway, they have taken on a special significance as a way to jumpstart a community around a project at very little cost and without asking ...and more ...

Former Reuters Risk Exec Joins Crypto Compliance Startup - Coindesk

Coindesk: Thomson ... former head of World-Check is moving to a blockchain startup focused on regulatory compliance. Greg Pinn, who ran Thomson ... risk intelligence and financial crime screening platform, will now be in charge of product strategy at ...

Australia's Crypto Scene: What Consensus 2018 Signals For The Future - Forbes

Forbes: Confidence in the long-term future of the crypto asset class appears to be growing as further supports for blockchain companies begin to emerge. Earlier this month, this was exemplified by the significant increase in attendance for one of the industry ...and more ...

Crypto Exchange Huobi Announces $93 Million Target for ... - newsBTC

newsBTC: Cryptocurrency exchange Huobi, along with a few South Korean partners, has announced that they will be joining hands to create a blockchain startup ...and more ...

More People Opening Crypto Trading Accounts In Brazil Than Traditional Securities - Forbes

Forbes: Brazilians never miss a tech trend. ... rarely ever out in front. But when they follow, they follow for real and stick with it. Within Latin America, look for Brazil to be the cryptocurrency ringleader both on the regulatory side and on the ...

Latest posts from our Team !

^{^{^{[ Note for @steemcleaners / @cheetah ] The agreement of our Team: The following authors decided to create a Team in order to collaborate and share formats, content, and profits. Any copy of content between this Team does not constitute a plagiarism: @realskilled @rssniper @rspower @ali.wood @megan.brown @rstracer @matthew.davis}}}