BLOCK HEIGHT - BLOCK EXPLORER - NODE - MINING ALGORITHM -

megan.brown (48)in #bitcoin • 6 years ago


BLOCK HEIGHT	a node supports the network through validation and relaying of transactions while receiving a copy of the full blockchain itself. a node is essentially a computer connected to cryptocurrency network. a copy of the ledger operated by a participant of the blockchain network.
BLOCK EXPLORER	they provide useful information such as network hash rate and transaction growth. block explorer is an online tool to view all transactions, past and current, on the blockchain.
NODE	bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies.
MINING ALGORITHM	a number that represents how many blocks are connected on the blockchain.

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BLOCK HEIGHT	a number that represents how many blocks are connected on the blockchain.
BLOCK EXPLORER	they provide useful information such as network hash rate and transaction growth. block explorer is an online tool to view all transactions, past and current, on the blockchain.
NODE	a node supports the network through validation and relaying of transactions while receiving a copy of the full blockchain itself. a node is essentially a computer connected to cryptocurrency network. a copy of the ledger operated by a participant of the blockchain network.
MINING ALGORITHM	bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies.

Source + Source

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