PROOF OF WORK - MEDIUM OF EXCHANGE - SATOSHI - DISTRIBUTED DENIAL OF SERVICE (DDOS) -

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


PROOF OF WORK	often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. can cause a sustained downtime on said network or even make them crash completely. a very dangerous threat for cryptocurrency users. ^{Source + Source}
MEDIUM OF EXCHANGE	there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible. ^{Source + Source}
SATOSHI	fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system. ^{Source + Source}
DISTRIBUTED DENIAL OF SERVICE (DDOS)	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. ^{Source + Source}


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. ^{Source + Source}
MEDIUM OF EXCHANGE	fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system. ^{Source + Source}
SATOSHI	there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible. ^{Source + Source}
DISTRIBUTED DENIAL OF SERVICE (DDOS)	often this comes with a severe attack on the network, creating an army of ‘zombie’ computers who simultaneously flood a targeted website or network with requests. can cause a sustained downtime on said network or even make them crash completely. a very dangerous threat for cryptocurrency users. ^{Source + Source}

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