PROOF-OF-WORK - MINING - CONSORTIUM BLOCKCHAIN - DIFFICULTY -

in #blockchain6 years ago


PROOF-OF-WORK
this refers to how difficult/easily a data blocks of transaction information can be mined successfully.Source + Source
MINING
by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. in this cryptocurrency boom, mining can be a lucrative business when done properly. the necessity of validation warrants an incentive for the miners, usually in the form of coins. mining is the act of validating blockchain transactions. Source + Source
CONSORTIUM BLOCKCHAIN
a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.Source + Source
DIFFICULTY
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


PROOF-OF-WORK
a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.Source + Source
MINING
by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. in this cryptocurrency boom, mining can be a lucrative business when done properly. the necessity of validation warrants an incentive for the miners, usually in the form of coins. mining is the act of validating blockchain transactions. 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
DIFFICULTY
this refers to how difficult/easily a data blocks of transaction information can be mined successfully.Source + Source

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