NODE - MEDIUM OF EXCHANGE - CONSENSUS - TURING COMPLETE -

in #bitcoin • 6 years ago


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. Source + Source
MEDIUM OF EXCHANGE
fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system. Source + Source
CONSENSUS
an example of this is the ethereum virtual machine (evm). the ability of a machine to perform calculations that any other programmable computer is capable of, is referred by turing complete refers to. Source + Source
TURING COMPLETE
the consensus is achieved by ensuring that the ledgers are exact copies of each other and all participants of the network agree on the validity of the transactions. Source + Source


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. Source + Source
MEDIUM OF EXCHANGE
fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system. Source + Source
CONSENSUS
the consensus is achieved by ensuring that the ledgers are exact copies of each other and all participants of the network agree on the validity of the transactions. Source + Source
TURING COMPLETE
an example of this is the ethereum virtual machine (evm). the ability of a machine to perform calculations that any other programmable computer is capable of, is referred by turing complete refers to. Source + Source

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#steem #money #cryptocurrency #blockchain
6 years ago in #bitcoin by
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     6 years ago 

    Wow great article @megan.brown! Nice to see some articles about NODE on Steemit! By the way I really enjoy reading your posts! I post similar content on my blog, we should follow each other!

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