TESTNET - BLOCK REWARD - CONSENSUS - BITCOIN NETWORK -

rssniper (49)in #blockchain • 6 years ago


TESTNET	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 REWARD	this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain. ^{Source + Source}
CONSENSUS	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}
BITCOIN NETWORK	used by developers, it's a test blockchain to prevent expending assets on the main chain.^{Source + Source}


TESTNET	used by developers, it's a test blockchain to prevent expending assets on the main chain.^{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}
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}
BITCOIN NETWORK	this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain. ^{Source + Source}

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