SCRYPT - BLOCK TIMESTAMP - TRANSACTION FEE - NODE -

in #money6 years ago


SCRYPT
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
BLOCK TIMESTAMP
they help to make it more difficult for someone else to manipulate the blockchain. each block contains a timestamp in unix format. 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
NODE
compared to sha256, this is quicker as it does not use up as much processing time. scrypt is a type of cryptographic algorithm and is used by litecoin. Source + Source


SCRYPT
compared to sha256, this is quicker as it does not use up as much processing time. scrypt is a type of cryptographic algorithm and is used by litecoin. Source + Source
BLOCK TIMESTAMP
they help to make it more difficult for someone else to manipulate the blockchain. each block contains a timestamp in unix format. 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
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

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@megan.brown
The @timestamp proves that the data must have existed at the @time, obviously, in order to develop a good understanding of the WRRQ in the @block until a value that when @hashed, such as with SHA-256, the @hash begins with a number of zero.

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