MEMPOOL - PROOF-OF-WORK - LITECOIN - SEGWIT2X -

in #bitcoin6 years ago


MEMPOOL
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.Source + Source
PROOF-OF-WORK
it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. also knows as the 'the new york agreement'. Source + Source
LITECOIN
sometimes referred to as the silver of bitcoin’s gold. it's a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. Source + Source
SEGWIT2X
the unconfirmed transactions stored by a node until they either expire or get included in the main chain. a technical term that refers to a collection of these transactions.Source + Source


MEMPOOL
the unconfirmed transactions stored by a node until they either expire or get included in the main chain. a technical term that refers to a collection of these transactions.Source + Source
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.Source + Source
LITECOIN
sometimes referred to as the silver of bitcoin’s gold. it's a peer-to-peer cryptocurrency based on the scrypt proof-of-work network. Source + Source
SEGWIT2X
it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. also knows as the 'the new york agreement'. Source + Source

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