SEGWIT2X - HYBRID POS/POW - TRANSACTION FEE - PUBLIC ADDRESS -

rssniper (49)in #cryptocurrency • 6 years ago


SEGWIT2X	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}
HYBRID POS/POW	the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee. ^{Source + Source}
TRANSACTION FEE	it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. also knows as the 'the new york agreement'. ^{Source + Source}
PUBLIC ADDRESS	in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network. ^{Source + Source}


SEGWIT2X	it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. also knows as the 'the new york agreement'. ^{Source + Source}
HYBRID POS/POW	in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network. ^{Source + Source}
TRANSACTION FEE	the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee. ^{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}

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