RIPPLE - BITCOIN NETWORK - PROOF OF WORK - INITIAL COIN OFFERING (ICO) -

rspower (48)in #cryptocurrency • 8 years ago


RIPPLE	payments are made using a series of ious, and the network is based on trust relationships. the network consists of payment nodes and gateways operated by authorities. is a payment network built on distributed ledgers that can be used to transfer any currency. ^{^{Source + Source}}
BITCOIN NETWORK	happens when someone offers (in exchange against cryptocurrencies like bitcoin or ethereum) investors some units of a new cryptocurrency or crypto-token. ^{^{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}}
INITIAL COIN OFFERING (ICO)	this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain. ^{^{Source + Source}}


RIPPLE	payments are made using a series of ious, and the network is based on trust relationships. the network consists of payment nodes and gateways operated by authorities. is a payment network built on distributed ledgers that can be used to transfer any currency. ^{^{Source + Source}}
BITCOIN NETWORK	this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains 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}}
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. ^{^{Source + Source}}

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