PUBLIC ADDRESS - LIGHT NODE - TRANSACTION BLOCK - PROOF OF WORK -

megan.brown (48)in #cryptocurrency • 6 years ago


PUBLIC ADDRESS	gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.^{^{Source + Source}}
LIGHT NODE	unlike private keys, they act as email addresses that can be published anywhere. a public address is the cryptographic hash of a public key. ^{^{Source + Source}}
TRANSACTION BLOCK	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity. ^{^{Source + Source}}
PROOF OF WORK	a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings. ^{^{Source + Source}}


PUBLIC ADDRESS	unlike private keys, they act as email addresses that can be published anywhere. a public address is the cryptographic hash of a public key. ^{^{Source + Source}}
LIGHT NODE	a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings. ^{^{Source + Source}}
TRANSACTION BLOCK	gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.^{^{Source + Source}}
PROOF OF WORK	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity. ^{^{Source + Source}}

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