BITCOIN NETWORK - EVM - CENTRAL LEDGER - PROOF OF WORK -

in #cryptocurrency • 6 years ago


BITCOIN NETWORK
every ethereum node runs on the evm to maintain consensus across the blockchain. it is a turing complete virtual machine that allows anyone to execute arbitrary evm byte code. the ethereum virtual machine (evm). Source + Source
EVM
this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain. Source + Source
CENTRAL LEDGER
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 ledger that is maintained by a central agency.Source + Source


BITCOIN NETWORK
this is what processes all bitcoin transactions. the decentralized, peer-to- peer network which maintains the blockchain. Source + Source
EVM
every ethereum node runs on the evm to maintain consensus across the blockchain. it is a turing complete virtual machine that allows anyone to execute arbitrary evm byte code. the ethereum virtual machine (evm). Source + Source
CENTRAL LEDGER
a ledger that is maintained by a central agency.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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