HALVING - CONSORTIUM BLOCKCHAIN - KYC - BLOCK HEIGHT -

rspower (48)in #steem • 7 years ago


HALVING	know your client/customer rules force financial institutions, in order ensuring that they are legitimate, to vet the people they are doing business with.^{^{Source + Source}}
CONSORTIUM BLOCKCHAIN	the final halving will take place in the year 2140. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years and is called halving. bitcoins have a finite supply, which makes them a scarce digital commodity. ^{^{Source + Source}}
KYC	e.g: a consortium of 15 financial institutions. a blockchain where the consensus process is controlled by a pre-selected set of nodes. ^{^{Source + Source}}
BLOCK HEIGHT	a number that represents how many blocks are connected on the blockchain.^{^{Source + Source}}


HALVING	the final halving will take place in the year 2140. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years and is called halving. bitcoins have a finite supply, which makes them a scarce digital commodity. ^{^{Source + Source}}
CONSORTIUM BLOCKCHAIN	e.g: a consortium of 15 financial institutions. a blockchain where the consensus process is controlled by a pre-selected set of nodes. ^{^{Source + Source}}
KYC	know your client/customer rules force financial institutions, in order ensuring that they are legitimate, to vet the people they are doing business with.^{^{Source + Source}}
BLOCK HEIGHT	a number that represents how many blocks are connected on the blockchain.^{^{Source + Source}}

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