FORK - HYBRID POS/POW - PRIVATE KEY - BLOCK HEIGHT -

in #steem6 years ago


FORK
it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. Source + Source
HYBRID POS/POW
a number that represents how many blocks are connected on the blockchain.Source + Source
PRIVATE KEY
they act as passwords that are kept hidden from anyone but the owner of the address. a private key is a string of data that allows you to access the tokens in a specific wallet. Source + Source
BLOCK HEIGHT
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


FORK
it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. Source + Source
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
PRIVATE KEY
they act as passwords that are kept hidden from anyone but the owner of the address. a private key is a string of data that allows you to access the tokens in a specific wallet. Source + Source
BLOCK HEIGHT
a number that represents how many blocks are connected on the blockchain.Source + Source

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fork also updated in electroneum if u r crypto worker u know give me detail about block chain fork project

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