MT GOX - BLOCK TIMESTAMP - MULTI-SIGNATURE - BLOCKCHAIN - DECENTRALIZED - SHA-256 - SIDECHAIN - BLOCK REWARD - HASH - HYBRID POS/POW -

ali.wood (49)in #steem • 7 years ago

MT GOX in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network.
BLOCK TIMESTAMP the blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks.
MULTI-SIGNATURE it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin.
BLOCKCHAIN verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded by a portion of those. a form of incentive for the miner who successfully calculated the hash in a block during mining.
DECENTRALIZED multi-signature addresses provide (by requiring more than one key to authorize a transaction) an added layer of security.
SHA-256 these can have their own unique features and can have bitcoins sent to and from them. these are theoretical, independent blockchains which are “two way pegged” to the bitcoin blockchain.
SIDECHAIN 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.
BLOCK REWARD based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular.
HASH they help to make it more difficult for someone else to manipulate the blockchain. each block contains a timestamp in unix format.
HYBRID POS/POW 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


MT GOX	in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network.
BLOCK TIMESTAMP	the blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks.
MULTI-SIGNATURE	it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin.
BLOCKCHAIN	verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded by a portion of those. a form of incentive for the miner who successfully calculated the hash in a block during mining.
DECENTRALIZED	multi-signature addresses provide (by requiring more than one key to authorize a transaction) an added layer of security.
SHA-256	these can have their own unique features and can have bitcoins sent to and from them. these are theoretical, independent blockchains which are “two way pegged” to the bitcoin blockchain.
SIDECHAIN	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.
BLOCK REWARD	based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular.
HASH	they help to make it more difficult for someone else to manipulate the blockchain. each block contains a timestamp in unix format.
HYBRID POS/POW	means that the currency isn’t issued or regulated by a centralized authority. such as a bank or government. a common term in cryptocurrency.

MT GOX based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular.
BLOCK TIMESTAMP they help to make it more difficult for someone else to manipulate the blockchain. each block contains a timestamp in unix format.
MULTI-SIGNATURE multi-signature addresses provide (by requiring more than one key to authorize a transaction) an added layer of security.
BLOCKCHAIN the blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks.
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.
SHA-256 it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin.
SIDECHAIN these can have their own unique features and can have bitcoins sent to and from them. these are theoretical, independent blockchains which are “two way pegged” to the bitcoin blockchain.
BLOCK REWARD verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded by a portion of those. a form of incentive for the miner who successfully calculated the hash in a block during mining.
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.
HYBRID POS/POW in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network.
Source + Source


MT GOX	based in japan, the exchange was started by jed mccaleb in 2010. mt. gox has since gone into administration. one of the first bitcoin exchanges, and at one time the most popular.
BLOCK TIMESTAMP	they help to make it more difficult for someone else to manipulate the blockchain. each block contains a timestamp in unix format.
MULTI-SIGNATURE	multi-signature addresses provide (by requiring more than one key to authorize a transaction) an added layer of security.
BLOCKCHAIN	the blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. a blockchain is a shared ledger where transactions are permanently recorded by appending blocks.
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.
SHA-256	it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. sha-256 is a cryptographic algorithm used by cryptocurrencies such as bitcoin.
SIDECHAIN	these can have their own unique features and can have bitcoins sent to and from them. these are theoretical, independent blockchains which are “two way pegged” to the bitcoin blockchain.
BLOCK REWARD	verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded by a portion of those. a form of incentive for the miner who successfully calculated the hash in a block during mining.
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.
HYBRID POS/POW	in this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). a hybrid pos/pow allows for both proof of stake and proof of work as consensus distribution algorithms on the network.

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7 years ago in #steem by ali.wood (49)

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MT GOX - BLOCK TIMESTAMP - MULTI-SIGNATURE - BLOCKCHAIN - DECENTRALIZED - SHA-256 - SIDECHAIN - BLOCK REWARD - HASH - HYBRID POS/POW -

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