CONSENSUS - BLOCK TIMESTAMP - PEER-TO-PEER NETWORK (P2P) - MINING POOL -

in #blockchain6 years ago


CONSENSUS
they help to make it more difficult for someone else to manipulate the blockchain. each block contains a timestamp in unix format. Source + Source
BLOCK TIMESTAMP
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. Source + Source
PEER-TO-PEER NETWORK (P2P)
these networks can become massive, allowing for things like file-sharing or cryptocurrency. any computer network where two or more computers are connected and share resources without going through a separate server. Source + Source
MINING POOL
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
BLOCK TIMESTAMP
they help to make it more difficult for someone else to manipulate the blockchain. each block contains a timestamp in unix format. Source + Source
PEER-TO-PEER NETWORK (P2P)
these networks can become massive, allowing for things like file-sharing or cryptocurrency. any computer network where two or more computers are connected and share resources without going through a separate server. Source + Source
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. Source + Source

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