DISTRIBUTED DENIAL OF SERVICE (DDOS) - CONSENSUS - MINER - BTC - HYBRID POS/POW - MIXING SERVICE - ETHER - BITCOIN PROTOCOL - PROOF OF WORK - TRANSACTION FEE -

rspower (48)in #steem • 8 years ago

DISTRIBUTED DENIAL OF SERVICE (DDOS) 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.
CONSENSUS it has the potential to be used for money laundering. a mixing service (also known as a tumbler) preserves your privacy because it stops people tracing a particular bitcoin to you. a service that mixes your bitcoins with someone else’s, sending you back bitcoins with different inputs and outputs from the ones that you sent to it.
MINER 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.
BTC ethereum blockchain is used to pay for transaction fees, miner rewards and other services on the network and this is the native token of the ethereum blockchain.
HYBRID POS/POW 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.
MIXING SERVICE protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.
ETHER 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.
BITCOIN PROTOCOL 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.
PROOF OF WORK a single unit of the bitcoin currency. an acronym for bitcoin.
TRANSACTION FEE 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


DISTRIBUTED DENIAL OF SERVICE (DDOS)	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.
CONSENSUS	it has the potential to be used for money laundering. a mixing service (also known as a tumbler) preserves your privacy because it stops people tracing a particular bitcoin to you. a service that mixes your bitcoins with someone else’s, sending you back bitcoins with different inputs and outputs from the ones that you sent to it.
MINER	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.
BTC	ethereum blockchain is used to pay for transaction fees, miner rewards and other services on the network and this is the native token of the ethereum blockchain.
HYBRID POS/POW	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.
MIXING SERVICE	protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.
ETHER	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.
BITCOIN PROTOCOL	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.
PROOF OF WORK	a single unit of the bitcoin currency. an acronym for bitcoin.
TRANSACTION FEE	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.

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.
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.
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.
BTC a single unit of the bitcoin currency. an acronym for bitcoin.
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.
MIXING SERVICE it has the potential to be used for money laundering. a mixing service (also known as a tumbler) preserves your privacy because it stops people tracing a particular bitcoin to you. a service that mixes your bitcoins with someone else’s, sending you back bitcoins with different inputs and outputs from the ones that you sent to it.
ETHER ethereum blockchain is used to pay for transaction fees, miner rewards and other services on the network and this is the native token of the ethereum blockchain.
BITCOIN PROTOCOL protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.
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.
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


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.
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.
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.
BTC	a single unit of the bitcoin currency. an acronym for bitcoin.
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.
MIXING SERVICE	it has the potential to be used for money laundering. a mixing service (also known as a tumbler) preserves your privacy because it stops people tracing a particular bitcoin to you. a service that mixes your bitcoins with someone else’s, sending you back bitcoins with different inputs and outputs from the ones that you sent to it.
ETHER	ethereum blockchain is used to pay for transaction fees, miner rewards and other services on the network and this is the native token of the ethereum blockchain.
BITCOIN PROTOCOL	protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.
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.
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.

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8 years ago in #steem by rspower (48)

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DISTRIBUTED DENIAL OF SERVICE (DDOS) - CONSENSUS - MINER - BTC - HYBRID POS/POW - MIXING SERVICE - ETHER - BITCOIN PROTOCOL - PROOF OF WORK - TRANSACTION FEE -

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