PEER TO PEER - DOUBLE SPENDING - MINING - BTC -

rspower (48)in #cryptocurrency • 7 years ago


PEER TO PEER	by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. in this cryptocurrency boom, mining can be a lucrative business when done properly. the necessity of validation warrants an incentive for the miners, usually in the form of coins. mining is the act of validating blockchain transactions. ^{^{Source + Source}}
DOUBLE SPENDING	participants of a p2p network deal directly with each other through a single mediation point. peer to peer (p2p) refers to the decentralized interactions between two parties or more in a highly-interconnected network. ^{^{Source + Source}}
MINING	this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. ^{^{Source + Source}}
BTC	a single unit of the bitcoin currency. an acronym for bitcoin. ^{^{Source + Source}}


PEER TO PEER	participants of a p2p network deal directly with each other through a single mediation point. peer to peer (p2p) refers to the decentralized interactions between two parties or more in a highly-interconnected network. ^{^{Source + Source}}
DOUBLE SPENDING	this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. ^{^{Source + Source}}
MINING	by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. in this cryptocurrency boom, mining can be a lucrative business when done properly. the necessity of validation warrants an incentive for the miners, usually in the form of coins. mining is the act of validating blockchain transactions. ^{^{Source + Source}}
BTC	a single unit of the bitcoin currency. an acronym for bitcoin. ^{^{Source + Source}}

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