HASH - PROOF- OF- STAKE (POS) - TRANSACTION FEE - MINER -

matthew.davis (49)in #steem • 7 years ago


HASH	the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee. ^{^{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. ^{^{Source + Source}}
TRANSACTION FEE	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. ^{^{Source + Source}}
MINER	a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain. ^{^{Source + Source}}


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. ^{^{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. ^{^{Source + Source}}
TRANSACTION FEE	the transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. all cryptocurrency transactions involve a small transaction fee. ^{^{Source + Source}}
MINER	a cryptocurrency needs some kind of mechanism to prevent one ruling party from abusing it. a miner has the right to add a so-called coinbase transaction that gives him a specific number of bitcoins. a miner can build a block and add it to the blockchain. ^{^{Source + Source}}

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