MINING POOL - HYBRID POS/POW - BITCOIN (UNIT OF CURRENCY) - HARDWARE WALLET -

realskilled (47)in #blockchain • 6 years ago


MINING POOL	bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis. ^{Source + Source}
HYBRID POS/POW	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}
BITCOIN (UNIT OF CURRENCY)	a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.^{Source + Source}
HARDWARE WALLET	in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network. ^{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}
HYBRID POS/POW	in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network. ^{Source + Source}
BITCOIN (UNIT OF CURRENCY)	bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis. ^{Source + Source}
HARDWARE WALLET	a bitcoin wallet used in order to stores a user’s bitcoins offline on hardware devices.^{Source + Source}

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