HYBRID POS/POW - GENESIS BLOCK - TRANSACTION FEE - DESKTOP WALLET -

rssniper (49)in #steem • 6 years ago


HYBRID POS/POW	refers to the 1st or first few blocks of a blockchain.^{Source + Source}
GENESIS BLOCK	allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer. ^{Source + Source}
TRANSACTION FEE	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}
DESKTOP WALLET	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}


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}
GENESIS BLOCK	refers to the 1st or first few blocks of a blockchain.^{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}
DESKTOP WALLET	allow the spending and management of your bitcoins. a wallet that stores the private keys on your computer. ^{Source + Source}

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