SIDECHAIN - HALVING - BLOCK HEIGHT - LIGHT NODE -

chloeroy (39)in #blockchain • 6 years ago


SIDECHAIN	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. ^{Source + Source}
HALVING	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}
BLOCK HEIGHT	a number that represents how many blocks are connected on the blockchain.^{Source + Source}
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. ^{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}
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. ^{Source + Source}
BLOCK HEIGHT	a number that represents how many blocks are connected on the blockchain.^{Source + Source}
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. ^{Source + Source}

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