PROOF- OF- STAKE (POS) - HASH - MINING POOL - SEGWIT2X - PROOF OF WORK - CONSENSUS - BITCOIN - LITECOIN - PROOF-OF-WORK - TESTNET -

rssniper (49)in #money • 8 years ago

PROOF- OF- STAKE (POS) the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
HASH it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. also knows as the 'the new york agreement'.
MINING POOL bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin can refer to the protocol, network or the unit of currency.
SEGWIT2X a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.
PROOF OF WORK a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining.
CONSENSUS the more bitcoin or altcoin owned by a miner, the more mining power he or she has. concept states that a person can mine or validate block transactions according to how many coins he or she holds.
BITCOIN sometimes referred to as the silver of bitcoin’s gold. it's a peer-to-peer cryptocurrency based on the scrypt proof-of-work network.
LITECOIN used by developers, it's a test blockchain to prevent expending assets on the main chain.
PROOF-OF-WORK this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data.
TESTNET 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


PROOF- OF- STAKE (POS)	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
HASH	it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. also knows as the 'the new york agreement'.
MINING POOL	bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin can refer to the protocol, network or the unit of currency.
SEGWIT2X	a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.
PROOF OF WORK	a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining.
CONSENSUS	the more bitcoin or altcoin owned by a miner, the more mining power he or she has. concept states that a person can mine or validate block transactions according to how many coins he or she holds.
BITCOIN	sometimes referred to as the silver of bitcoin’s gold. it's a peer-to-peer cryptocurrency based on the scrypt proof-of-work network.
LITECOIN	used by developers, it's a test blockchain to prevent expending assets on the main chain.
PROOF-OF-WORK	this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data.
TESTNET	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.

PROOF- OF- STAKE (POS) the more bitcoin or altcoin owned by a miner, the more mining power he or she has. concept states that a person can mine or validate block transactions according to how many coins he or she holds.
HASH this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data.
MINING POOL a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining.
SEGWIT2X it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. also knows as the 'the new york agreement'.
PROOF OF WORK the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
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.
BITCOIN bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin can refer to the protocol, network or the unit of currency.
LITECOIN sometimes referred to as the silver of bitcoin’s gold. it's a peer-to-peer cryptocurrency based on the scrypt proof-of-work network.
PROOF-OF-WORK a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.
TESTNET used by developers, it's a test blockchain to prevent expending assets on the main chain.
Source + Source


PROOF- OF- STAKE (POS)	the more bitcoin or altcoin owned by a miner, the more mining power he or she has. concept states that a person can mine or validate block transactions according to how many coins he or she holds.
HASH	this is a random and complex mathematical formula used in the verification of blocks of transaction data in the process known as mining. this is used for confirming coin transactions. the act of performing a hash function on the output data.
MINING POOL	a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining.
SEGWIT2X	it consists of two sequential phases — to activate segwit using bip 91 (making it compatible with the uasf) and then to hard fork the base block size to 2 mb ninety days later. is proposed as a way to end bitcoin’s ‘scaling debate’ and was said to be a compromise between the two sides of the debate — those who want to achieve scaling through segregated witness (segwit) and those who prefer to scale by increasing the block size. also knows as the 'the new york agreement'.
PROOF OF WORK	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity.
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.
BITCOIN	bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. strictly, bitcoin with a capital “b” refers to the protocol & the network, whilst bitcoin with a lowercase “b” is the currency. bitcoin can refer to the protocol, network or the unit of currency.
LITECOIN	sometimes referred to as the silver of bitcoin’s gold. it's a peer-to-peer cryptocurrency based on the scrypt proof-of-work network.
PROOF-OF-WORK	a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.
TESTNET	used by developers, it's a test blockchain to prevent expending assets on the main chain.

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8 years ago in #money by rssniper (49)

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PROOF- OF- STAKE (POS) - HASH - MINING POOL - SEGWIT2X - PROOF OF WORK - CONSENSUS - BITCOIN - LITECOIN - PROOF-OF-WORK - TESTNET -

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