NODE - LIGHT NODE - FIAT CURRENCY - TRANSACTION FEE -

in #cryptocurrency6 years ago


NODE
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
LIGHT NODE
a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings. Source + Source
FIAT CURRENCY
a node supports the network through validation and relaying of transactions while receiving a copy of the full blockchain itself. a node is essentially a computer connected to cryptocurrency network. a copy of the ledger operated by a participant of the blockchain network. Source + Source
TRANSACTION FEE
like usd, eur or cny, is any money declared by a government to be to be valid for meeting a financial obligation.Source + Source


NODE
a node supports the network through validation and relaying of transactions while receiving a copy of the full blockchain itself. a node is essentially a computer connected to cryptocurrency network. a copy of the ledger operated by a participant of the blockchain network. Source + Source
LIGHT NODE
a computer on a blockchain network that (making use of the simplified payment verification (spv) mode), only verifies a limited number of transactions relevant to its dealings. Source + Source
FIAT CURRENCY
like usd, eur or cny, is any money declared by a government to be to be valid for meeting a financial obligation.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

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