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| Central Ledger | The number of blocks connected on the blockchain. |
| Block Height | A ledger maintained by a central agency. |
| ASIC | Blocks are packages of data that carry permanently recorded data on the blockchain network. |
| Blockchain | Short form for ‘Application Specific Integrated Circuit’. Often compared to GPUs, ASICs are specially made for mining and may offer significant power savings. |
| Address | A blockchain is a shared ledger where transactions are permanently recorded by appending blocks. The blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. |
| Block Reward | Block explorer is an online tool to view all transactions, past and current, on the blockchain. They provide useful information such as network hash rate and transaction growth. |
| Consensus | The successful act of hashing a transaction and adding it to the blockchain. |
| Confirmation | Cryptocurrency addresses are used to send or receive transactions on the network. An address usually presents itself as a string of alphanumeric characters. |
| Block | Consensus is achieved when all participants of the network agree on the validity of the transactions, ensuring that the ledgers are exact copies of each other. |
| Block Explorer | A form of incentive for the miner who successfully calculated the hash in a block during mining. Verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those. |
| |  |
| Central Ledger | A ledger maintained by a central agency. |
| Block Height | The number of blocks connected on the blockchain. |
| ASIC | Short form for ‘Application Specific Integrated Circuit’. Often compared to GPUs, ASICs are specially made for mining and may offer significant power savings. |
| Blockchain | A blockchain is a shared ledger where transactions are permanently recorded by appending blocks. The blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. |
| Address | Cryptocurrency addresses are used to send or receive transactions on the network. An address usually presents itself as a string of alphanumeric characters. |
| Block Reward | A form of incentive for the miner who successfully calculated the hash in a block during mining. Verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those. |
| Consensus | Consensus is achieved when all participants of the network agree on the validity of the transactions, ensuring that the ledgers are exact copies of each other. |
| Confirmation | The successful act of hashing a transaction and adding it to the blockchain. |
| Block | Blocks are packages of data that carry permanently recorded data on the blockchain network. |
| Block Explorer | Block explorer is an online tool to view all transactions, past and current, on the blockchain. They provide useful information such as network hash rate and transaction growth. |
