DOUBLE SPENDING - DOGECOIN - CENTRAL LEDGER - MINER -

megan.brown (48)in #money • 7 years ago


DOUBLE SPENDING	a ledger that is maintained by a central agency.^{^{Source + Source}}
DOGECOIN	this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. ^{^{Source + Source}}
CENTRAL LEDGER	a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain. ^{^{Source + Source}}
MINER	gained a broad international following and quickly grew to have a multi-million dollar market capitalization. features a japanese fighting dog as its mascot. an altcoin first started as a joke in late 2013. ^{^{Source + Source}}


DOUBLE SPENDING	this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. ^{^{Source + Source}}
DOGECOIN	gained a broad international following and quickly grew to have a multi-million dollar market capitalization. features a japanese fighting dog as its mascot. an altcoin first started as a joke in late 2013. ^{^{Source + Source}}
CENTRAL LEDGER	a ledger that is maintained by a central agency.^{^{Source + Source}}
MINER	a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain. ^{^{Source + Source}}

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