SCRYPT - PROOF OF STAKE - IRREVERSIBLE - TRANSACTION BLOCK -

realskilled (47)in #steem • 6 years ago


SCRYPT	there is no safety net for that situation. after confirmation, a transaction is unable to be reversed by nobody. ^{Source + Source}
PROOF OF STAKE	gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.^{Source + Source}
IRREVERSIBLE	compared to sha256, this is quicker as it does not use up as much processing time. scrypt is a type of cryptographic algorithm and is used by litecoin. ^{Source + Source}
TRANSACTION BLOCK	the more you invest in the coin, the more you gain by mining with this protocol. a consensus distribution algorithm that rewards earnings based on the number of coins you own or hold. ^{Source + Source}


SCRYPT	compared to sha256, this is quicker as it does not use up as much processing time. scrypt is a type of cryptographic algorithm and is used by litecoin. ^{Source + Source}
PROOF OF STAKE	the more you invest in the coin, the more you gain by mining with this protocol. a consensus distribution algorithm that rewards earnings based on the number of coins you own or hold. ^{Source + Source}
IRREVERSIBLE	there is no safety net for that situation. after confirmation, a transaction is unable to be reversed by nobody. ^{Source + Source}
TRANSACTION BLOCK	gathered into a block, it's a collection of transactions that can then be added and hashed to the blockchain.^{Source + Source}

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