MINING ALGORITHM - PEER TO PEER - LIQUIDITY - DIGITAL SIGNATURE - DISTRIBUTED NETWORK - PROOF- OF- STAKE (POS) - BITCOIN (UNIT OF CURRENCY) - DIGITAL ASSET - DISTRIBUTED DENIAL OF SERVICE (DDOS) - DIFFICULTY -

rssniper (49)in #steem • 7 years ago

MINING ALGORITHM is generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity. is a digital code.
PEER TO PEER participants of a p2p network deal directly with each other through a single mediation point. peer to peer (p2p) refers to the decentralized interactions between two parties or more in a highly-interconnected network.
LIQUIDITY the more bitcoin or altcoin owned by a miner, the more mining power he or she has. concept states that a person can mine or validate block transactions according to how many coins he or she holds.
DIGITAL SIGNATURE rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.
DISTRIBUTED NETWORK the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. a suitably large community of buyers and sellers is important for liquidity. the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades.
PROOF- OF- STAKE (POS) 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 (UNIT OF CURRENCY) this refers to how difficult/easily a data blocks of transaction information can be mined successfully.
DIGITAL ASSET bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies.
DISTRIBUTED DENIAL OF SERVICE (DDOS) data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. anything that exists in a binary format and comes with the right to use.
DIFFICULTY bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis.
Source + Source


MINING ALGORITHM	is generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity. is a digital code.
PEER TO PEER	participants of a p2p network deal directly with each other through a single mediation point. peer to peer (p2p) refers to the decentralized interactions between two parties or more in a highly-interconnected network.
LIQUIDITY	the more bitcoin or altcoin owned by a miner, the more mining power he or she has. concept states that a person can mine or validate block transactions according to how many coins he or she holds.
DIGITAL SIGNATURE	rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.
DISTRIBUTED NETWORK	the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. a suitably large community of buyers and sellers is important for liquidity. the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades.
PROOF- OF- STAKE (POS)	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 (UNIT OF CURRENCY)	this refers to how difficult/easily a data blocks of transaction information can be mined successfully.
DIGITAL ASSET	bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies.
DISTRIBUTED DENIAL OF SERVICE (DDOS)	data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. anything that exists in a binary format and comes with the right to use.
DIFFICULTY	bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis.

MINING ALGORITHM bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies.
PEER TO PEER participants of a p2p network deal directly with each other through a single mediation point. peer to peer (p2p) refers to the decentralized interactions between two parties or more in a highly-interconnected network.
LIQUIDITY the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. a suitably large community of buyers and sellers is important for liquidity. the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades.
DIGITAL SIGNATURE is generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity. is a digital code.
DISTRIBUTED NETWORK rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.
PROOF- OF- STAKE (POS) the more bitcoin or altcoin owned by a miner, the more mining power he or she has. concept states that a person can mine or validate block transactions according to how many coins he or she holds.
BITCOIN (UNIT OF CURRENCY) bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis.
DIGITAL ASSET data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. anything that exists in a binary format and comes with the right to use.
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.
DIFFICULTY this refers to how difficult/easily a data blocks of transaction information can be mined successfully.
Source + Source


MINING ALGORITHM	bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies.
PEER TO PEER	participants of a p2p network deal directly with each other through a single mediation point. peer to peer (p2p) refers to the decentralized interactions between two parties or more in a highly-interconnected network.
LIQUIDITY	the result of an illiquid market is price volatility, and the inability to easily determine the value of an asset. a suitably large community of buyers and sellers is important for liquidity. the ability to buy and sell an asset easily, with pricing that stays roughly similar between trades.
DIGITAL SIGNATURE	is generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity. is a digital code.
DISTRIBUTED NETWORK	rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.
PROOF- OF- STAKE (POS)	the more bitcoin or altcoin owned by a miner, the more mining power he or she has. concept states that a person can mine or validate block transactions according to how many coins he or she holds.
BITCOIN (UNIT OF CURRENCY)	bitcoin functions as a reserve currency for the altcoin ecosystem. a unit of the decentralized, digital currency which can be traded for goods and services. 100,000,000 satoshis.
DIGITAL ASSET	data that do not possess that right are not considered assets. digital assets include but are not exclusive to: digital documents, audible content, motion picture, and other relevant digital data that are currently in circulation or are, or will be stored on digital appliances. anything that exists in a binary format and comes with the right to use.
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.
DIFFICULTY	this refers to how difficult/easily a data blocks of transaction information can be mined successfully.

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7 years ago in #steem by rssniper (49)

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MINING ALGORITHM - PEER TO PEER - LIQUIDITY - DIGITAL SIGNATURE - DISTRIBUTED NETWORK - PROOF- OF- STAKE (POS) - BITCOIN (UNIT OF CURRENCY) - DIGITAL ASSET - DISTRIBUTED DENIAL OF SERVICE (DDOS) - DIFFICULTY -

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