COLD STORAGE - HASH RATE - CONSENSUS - CROWDSOURCING -

in #money6 years ago


COLD STORAGE
the consensus is achieved by ensuring that the ledgers are exact copies of each other and all participants of the network agree on the validity of the transactions. Source + Source
HASH RATE
these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. Source + Source
CONSENSUS
this is usually done online via websites where people can donate. the pooling of resources such as information or money contributed by the general population, to a goal. Source + Source
CROWDSOURCING
represents the performance of the mining rig is expressed in hashes per second. is a measurement. Source + Source


COLD STORAGE
these wallets are known as “cold wallets”. this could be in the form of a hardware wallet, usb stick or a paper wallet. the safest way to store your private keys is by keeping them offline in “cold storage”. Source + Source
HASH RATE
represents the performance of the mining rig is expressed in hashes per second. is a measurement. Source + Source
CONSENSUS
the consensus is achieved by ensuring that the ledgers are exact copies of each other and all participants of the network agree on the validity of the transactions. Source + Source
CROWDSOURCING
this is usually done online via websites where people can donate. the pooling of resources such as information or money contributed by the general population, to a goal. Source + Source

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