HALVING - INITIAL COIN OFFERING (ICO) - CRYPTOGRAPHIC HASH FUNCTION - BLOCK REWARD -

rspower (48)in #blockchain • 6 years ago


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}
INITIAL COIN OFFERING (ICO)	verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded by a portion of those. a form of incentive for the miner who successfully calculated the hash in a block during mining. ^{Source + Source}
CRYPTOGRAPHIC HASH FUNCTION	the sha-256 computational algorithm is an example of a cryptographic hash. cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input. ^{Source + Source}
BLOCK REWARD	happens when someone offers (in exchange against cryptocurrencies like bitcoin or ethereum) investors some units of a new cryptocurrency or crypto-token. ^{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}
INITIAL COIN OFFERING (ICO)	happens when someone offers (in exchange against cryptocurrencies like bitcoin or ethereum) investors some units of a new cryptocurrency or crypto-token. ^{Source + Source}
CRYPTOGRAPHIC HASH FUNCTION	the sha-256 computational algorithm is an example of a cryptographic hash. cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input. ^{Source + Source}
BLOCK REWARD	verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded by a portion of those. a form of incentive for the miner who successfully calculated the hash in a block during mining. ^{Source + Source}

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