MINER - HYBRID POS/POW - DIFFICULTY - SIDECHAIN -

realskilled (47)in #bitcoin • 6 years ago


MINER	these can have their own unique features and can have bitcoins sent to and from them. these are theoretical, independent blockchains which are “two way pegged” to the bitcoin blockchain. ^{Source + Source}
HYBRID POS/POW	this refers to how difficult/easily a data blocks of transaction information can be mined successfully.^{Source + Source}
DIFFICULTY	in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network. ^{Source + Source}
SIDECHAIN	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}


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}
HYBRID POS/POW	in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network. ^{Source + Source}
DIFFICULTY	this refers to how difficult/easily a data blocks of transaction information can be mined successfully.^{Source + Source}
SIDECHAIN	these can have their own unique features and can have bitcoins sent to and from them. these are theoretical, independent blockchains which are “two way pegged” to the bitcoin blockchain. ^{Source + Source}

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