CRYPTOGRAPHIC HASH FUNCTION - PROOF-OF-WORK - PROOF- OF- STAKE (POS) - POOL -

matthew.davis (49)in #cryptocurrency • 7 years ago


CRYPTOGRAPHIC HASH FUNCTION	the more bitcoin or altcoin owned by a miner, the more mining power he or she has. concept states that a person can mine or validate block transactions according to how many coins he or she holds. ^{Source + Source}
PROOF-OF-WORK	mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. a collection of mining clients which collectively mine a block, and then split the reward between them. ^{Source + Source}
PROOF- OF- STAKE (POS)	a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.^{Source + Source}
POOL	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}


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}
PROOF-OF-WORK	a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.^{Source + Source}
PROOF- OF- STAKE (POS)	the more bitcoin or altcoin owned by a miner, the more mining power he or she has. concept states that a person can mine or validate block transactions according to how many coins he or she holds. ^{Source + Source}
POOL	mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. a collection of mining clients which collectively mine a block, and then split the reward between them. ^{Source + Source}

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