CONSENSUS - GENESIS BLOCK - ADDRESS - HOT WALLET -

madison.gagnon (38)in #steem • 6 years ago


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}
GENESIS BLOCK	an address usually presents itself as a string of alphanumeric characters. cryptocurrency addresses are used to send or receive transactions on the network. ^{Source + Source}
ADDRESS	these are used for “every day” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. a bitcoin wallet that has an active connection to the internet. ^{Source + Source}
HOT WALLET	refers to the 1st or first few blocks of a blockchain.^{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}
GENESIS BLOCK	refers to the 1st or first few blocks of a blockchain.^{Source + Source}
ADDRESS	an address usually presents itself as a string of alphanumeric characters. cryptocurrency addresses are used to send or receive transactions on the network. ^{Source + Source}
HOT WALLET	these are used for “every day” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. a bitcoin wallet that has an active connection to the internet. ^{Source + Source}

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