SHA-256 - DISTRIBUTED LEDGER - BLOCKCHAIN - TURING COMPLETE - DIFFICULTY - MINER - INITIAL COIN OFFERING (ICO) - LIQUIDITY - TRANSACTION FEE - SOFTFORK -

ali.wood (49)in #cryptocurrency • 6 years ago

SHA-256 a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes.
DISTRIBUTED LEDGER it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin.
BLOCKCHAIN since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules
TURING COMPLETE happens when someone offers (in exchange against cryptocurrencies like bitcoin or ethereum) investors some units of a new cryptocurrency or crypto-token.
DIFFICULTY 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. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks.
MINER the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. a suitably large community of buyers and sellers is important for liquidity. the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades.
INITIAL COIN OFFERING (ICO) an example of this is the ethereum virtual machine (evm). the ability of a machine to perform calculations that any other programmable computer is capable of, is referred by turing complete refers to.
LIQUIDITY the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee.
TRANSACTION FEE this refers to how difficult/easily a data blocks of transaction information can be mined successfully.
SOFTFORK a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain.
Source + Source


SHA-256	a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes.
DISTRIBUTED LEDGER	it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin.
BLOCKCHAIN	since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules
TURING COMPLETE	happens when someone offers (in exchange against cryptocurrencies like bitcoin or ethereum) investors some units of a new cryptocurrency or crypto-token.
DIFFICULTY	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. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks.
MINER	the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. a suitably large community of buyers and sellers is important for liquidity. the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades.
INITIAL COIN OFFERING (ICO)	an example of this is the ethereum virtual machine (evm). the ability of a machine to perform calculations that any other programmable computer is capable of, is referred by turing complete refers to.
LIQUIDITY	the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee.
TRANSACTION FEE	this refers to how difficult/easily a data blocks of transaction information can be mined successfully.
SOFTFORK	a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain.

SHA-256 it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin.
DISTRIBUTED LEDGER a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes.
BLOCKCHAIN 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. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks.
TURING COMPLETE an example of this is the ethereum virtual machine (evm). the ability of a machine to perform calculations that any other programmable computer is capable of, is referred by turing complete refers to.
DIFFICULTY this refers to how difficult/easily a data blocks of transaction information can be mined successfully.
MINER a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain.
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.
LIQUIDITY the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. a suitably large community of buyers and sellers is important for liquidity. the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades.
TRANSACTION FEE the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee.
SOFTFORK since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules
Source + Source


SHA-256	it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin.
DISTRIBUTED LEDGER	a distributed ledger does not have to have its own currency. may be permissioned and private. distributed ledgers are ledgers in which data is stored across a network of decentralized nodes.
BLOCKCHAIN	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. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks.
TURING COMPLETE	an example of this is the ethereum virtual machine (evm). the ability of a machine to perform calculations that any other programmable computer is capable of, is referred by turing complete refers to.
DIFFICULTY	this refers to how difficult/easily a data blocks of transaction information can be mined successfully.
MINER	a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain.
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.
LIQUIDITY	the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. a suitably large community of buyers and sellers is important for liquidity. the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades.
TRANSACTION FEE	the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee.
SOFTFORK	since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules

Latest posts from our Team !

Note for @steemcleaners / @cheetah:

The agreement of our Team:
The following authors decided to create a Team in order to collaborate and share formats and content in our posts. Any copy of content between this Team does not constitute a plagiarism.

@ali.wood @realskilled @rspower @megan.brown @rssniper @matthew.davis @rstracer

#steem #money #bitcoin #blockchain