PROOF OF STAKE - ASYMMETRIC KEY ALGORITHM - MINER - SATOSHI NAKAMOTO -

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


PROOF OF STAKE	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}
ASYMMETRIC KEY ALGORITHM	the more you invest in the coin, the more you gain by mining with this protocol. a consensus distribution algorithm that rewards earnings based on the number of coins you own or hold. ^{Source + Source}
MINER	public and private keys are needed to support cryptocurrency transactions. both sender and receiver have this key, and can send secure information. the algorithm used to generate public and private keys. ^{Source + Source}
SATOSHI NAKAMOTO	in 2008, nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. is a person or group of people who created the bitcoin protocol and reference software, bitcoin core (formerly known as bitcoin-qt). the mysterious creator of bitcoin. in 2009, they released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins.^{Source + Source}


PROOF OF STAKE	the more you invest in the coin, the more you gain by mining with this protocol. a consensus distribution algorithm that rewards earnings based on the number of coins you own or hold. ^{Source + Source}
ASYMMETRIC KEY ALGORITHM	public and private keys are needed to support cryptocurrency transactions. both sender and receiver have this key, and can send secure information. the algorithm used to generate public and private keys. ^{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}
SATOSHI NAKAMOTO	in 2008, nakamoto published a paper on the cryptography mailing list at metzdowd.com describing the bitcoin digital currency. is a person or group of people who created the bitcoin protocol and reference software, bitcoin core (formerly known as bitcoin-qt). the mysterious creator of bitcoin. in 2009, they released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins.^{Source + Source}

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