HALVING - MASF - LIGHT NODE - TURING COMPLETE - LEVERAGE - PROOF OF WORK - BITCOIN PROTOCOL - FORK - MINING POOL - TRANSACTION FEE -

rspower (48)in #bitcoin • 7 years ago

HALVING 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.
MASF the final halving will take place in the year 2140. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years and is called halving. bitcoins have a finite supply, which makes them a scarce digital commodity.
LIGHT NODE miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
TURING COMPLETE a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining.
LEVERAGE leverage is also known as a margin requirement. by giving leverage to a trader, the trading exchange is effectively lending them money, in the hope that it will earn back more than it loaned in commission. in foreign or cryptocurrency trading, leverage multiplies the real funds in your account by a given factor, enabling you to make trades that result in significant profit.
PROOF OF WORK a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings.
BITCOIN PROTOCOL protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.
FORK the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
MINING POOL the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee.
TRANSACTION FEE it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
Source + Source


HALVING	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.
MASF	the final halving will take place in the year 2140. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years and is called halving. bitcoins have a finite supply, which makes them a scarce digital commodity.
LIGHT NODE	miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
TURING COMPLETE	a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining.
LEVERAGE	leverage is also known as a margin requirement. by giving leverage to a trader, the trading exchange is effectively lending them money, in the hope that it will earn back more than it loaned in commission. in foreign or cryptocurrency trading, leverage multiplies the real funds in your account by a given factor, enabling you to make trades that result in significant profit.
PROOF OF WORK	a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings.
BITCOIN PROTOCOL	protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.
FORK	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
MINING POOL	the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee.
TRANSACTION FEE	it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.

HALVING the final halving will take place in the year 2140. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years and is called halving. bitcoins have a finite supply, which makes them a scarce digital commodity.
MASF miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
LIGHT NODE a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings.
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.
LEVERAGE leverage is also known as a margin requirement. by giving leverage to a trader, the trading exchange is effectively lending them money, in the hope that it will earn back more than it loaned in commission. in foreign or cryptocurrency trading, leverage multiplies the real funds in your account by a given factor, enabling you to make trades that result in significant profit.
PROOF OF WORK the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
BITCOIN PROTOCOL protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.
FORK it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
MINING POOL a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining.
TRANSACTION FEE the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee.
Source + Source


HALVING	the final halving will take place in the year 2140. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years and is called halving. bitcoins have a finite supply, which makes them a scarce digital commodity.
MASF	miner activated soft fork. allows for a faster activation time for the soft fork, leaving full nodes to upgrade at their leisure. it’s a mechanism by which miners trigger activation of soft forks when a majority signals the readiness to upgrade.
LIGHT NODE	a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings.
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.
LEVERAGE	leverage is also known as a margin requirement. by giving leverage to a trader, the trading exchange is effectively lending them money, in the hope that it will earn back more than it loaned in commission. in foreign or cryptocurrency trading, leverage multiplies the real funds in your account by a given factor, enabling you to make trades that result in significant profit.
PROOF OF WORK	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
BITCOIN PROTOCOL	protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.
FORK	it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
MINING POOL	a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining.
TRANSACTION FEE	the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee.

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7 years ago in #bitcoin by rspower (48)

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HALVING - MASF - LIGHT NODE - TURING COMPLETE - LEVERAGE - PROOF OF WORK - BITCOIN PROTOCOL - FORK - MINING POOL - TRANSACTION FEE -

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