CONSENSUS - EXCHANGE - CONSORTIUM BLOCKCHAIN - BLOCK REWARD -

realskilled (47)in #bitcoin • 6 years ago


CONSENSUS	a place used by sellers and buyers where they can trade bitcoins or other cryptocurrencies.^{^{Source + Source}}
EXCHANGE	e.g: a consortium of 15 financial institutions. a blockchain where the consensus process is controlled by a pre-selected set of nodes. ^{^{Source + Source}}
CONSORTIUM BLOCKCHAIN	verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded by a portion of those. a form of incentive for the miner who successfully calculated the hash in a block during mining. ^{^{Source + Source}}
BLOCK REWARD	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}}


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}}
EXCHANGE	a place used by sellers and buyers where they can trade bitcoins or other cryptocurrencies.^{^{Source + Source}}
CONSORTIUM BLOCKCHAIN	e.g: a consortium of 15 financial institutions. a blockchain where the consensus process is controlled by a pre-selected set of nodes. ^{^{Source + Source}}
BLOCK REWARD	verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded by a portion of those. a form of incentive for the miner who successfully calculated the hash in a block during mining. ^{^{Source + Source}}

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