PROOF OF WORK - SHA-256 - SMART CONTRACT - CENTRAL LEDGER -

in #cryptocurrency • 6 years ago


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
SHA-256
it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin. Source + Source
SMART CONTRACT
a ledger that is maintained by a central agency.Source + Source
CENTRAL LEDGER
a smart contract can be used to define certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights. once signed it can never be altered. a two way smart contract is an unalterable agreement stored on the blockchain that has specific logic operations akin to a real world contract. 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
SHA-256
it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin. Source + Source
SMART CONTRACT
a smart contract can be used to define certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights. once signed it can never be altered. a two way smart contract is an unalterable agreement stored on the blockchain that has specific logic operations akin to a real world contract. Source + Source
CENTRAL LEDGER
a ledger that is maintained by a central agency.Source + Source

Cryptocurrency News - Top Stories !

Another Lawsuit Filed Against Hacked Crypto Exchange Coincheck Asks For Almost $800000 - Cointelegraph

Cointelegraph: Two known lawsuits have already been filed against Coincheck by lawyer Hiromu Mochizuki, the first involving 10 crypto traders who sued over the freezing of crypto withdrawals, The second Coincheck lawsuit filed by the same lawyer involves 132 ...and more ...

How Bad Was Q1? Just Two Top-Tier Cryptos Saw Gains - Coindesk

Coindesk: The crypto markets had a rough ride in the first quarter of 2018, with just two tokens bucking the downtrend. The buying frenzy seen at the turn of the year quickly ran out of steam in the first half of January, and what appeared to be a healthy ...and more ...

The Maddening Task of Calculating Taxes on Crypto - Coindesk

Coindesk: Now, in the normal world, when dealing with non-crypto assets, this process is pretty clean with most of the friction largely abstracted away, making it easier to calculate tax and for Uncle Sam to get paid. However, in Cryptoland, much of the ...

Why Crypto Is Still Going Strong in East Asia - Investopedia (blog)

Investopedia (blog): The recent slump in cryptocurrency markets has translated to bad news for its investors and enthusiasts all over the world. Except in two countries. Even as governments and corporations the world over are shutting the door on coins and associated ...

Menlo Ventures is making its first real bet on crypto as Bitpay raises $40 million - Recode

Recode: And so several top-tier venture capitalists who invest in crypto told Recode they passed on Bitpay amid concerns about how the ... business model fits into the trends in the industry. Bitpay CEO Stephen Pair disputed that the company had any ...and more ...

Bitcoin Price Leads Crypto Comeback after Market Briefly Dips Below $250 Billion - CCN

CCN: The Bitcoin price led a comprehensive cryptocurrency comeback on Monday after the market briefly dipped below $250 billion on Sunday. bitcoin price Source: CoinMarketCap. Altogether, 97 of the top 100 cryptocurrencies posted gains against the US dollar ...and more ...

Bitcoin Foundation's Jon Matonis on bubble fears and crypto ... - Business Insider

Business Insider: Jon Matonis thinks equity and bond markets are the real bubbles, inflated by cheap central-bank money.and more ...

Latest posts from our Team !

[ Note for @steemcleaners / @cheetah ] The agreement of our Team: The following authors decided to create a Team in order to collaborate and share formats, content, and profits. Any copy of content between this Team does not constitute a plagiarism: @rspower @matthew.davis @rssniper @ali.wood @rstracer @megan.brown @realskilled

#blockchain #bitcoin #money #steem
6 years ago in #cryptocurrency by
$0.00
    10 votes
    Reply 1
    Sort:  
  • Trending
    • [-]
     6 years ago 

    Hi, I just followed you :-)
    Follow back and we can help each other succeed! @hatu

    $0.00
      Reply

      Coin Marketplace

      STEEM 0.20
      TRX 0.15
      JST 0.030
      BTC 65738.35
      ETH 2677.27
      USDT 1.00
      SBD 2.91