DIFFICULTY - POOL - GENESIS BLOCK - DECENTRALIZED -

rssniper (49)in #money • 6 years ago


DIFFICULTY	means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.^{Source + Source}
POOL	mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. a collection of mining clients which collectively mine a block, and then split the reward between them. ^{Source + Source}
GENESIS BLOCK	refers to the 1st or first few blocks of a blockchain.^{Source + Source}
DECENTRALIZED	this refers to how difficult/easily a data blocks of transaction information can be mined successfully.^{Source + Source}


DIFFICULTY	this refers to how difficult/easily a data blocks of transaction information can be mined successfully.^{Source + Source}
POOL	mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. a collection of mining clients which collectively mine a block, and then split the reward between them. ^{Source + Source}
GENESIS BLOCK	refers to the 1st or first few blocks of a blockchain.^{Source + Source}
DECENTRALIZED	means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.^{Source + Source}

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