COLD STORAGE - ETHER - IRREVERSIBLE - PROOF OF WORK -

in #blockchain • 6 years ago


COLD STORAGE
these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. Source + Source
ETHER
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. Source + Source
IRREVERSIBLE
there is no safety net for that situation. after confirmation, a transaction is unable to be reversed by nobody. Source + Source
PROOF OF WORK
ethereum blockchain is used to pay for transaction fees, miner rewards and other services on the network and this is the native token of the ethereum blockchain. Source + Source


COLD STORAGE
these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. Source + Source
ETHER
ethereum blockchain is used to pay for transaction fees, miner rewards and other services on the network and this is the native token of the ethereum blockchain. Source + Source
IRREVERSIBLE
there is no safety net for that situation. after confirmation, a transaction is unable to be reversed by nobody. Source + Source
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. Source + Source

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6 years ago in #blockchain by
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     6 years ago 

    Great article! I found it interesting.

    Talking about ICOs, after doing your own research, also finding good ICO projects can be profitable.

    I want to share with you guys a new exciting project I have just discovered: RAWG.

    Look at this article where the team explains:

    “Why the games market needs RAWG”

    https://medium.com/rawg/wp-bits-1-why-the-games-market-needs-rawg-ccf039c0bae7

    The ICO will start in a short period and they are at the moment in pre-ICO phase. This is the site: https://token.rawg.io/. It's a video game discovery platform that converts your skills into goods and services (the site is already working, with more than 57,000 games in the database).

    Have a look and get some information while doing your own research!

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       6 years ago 

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