BITCOIN PROTOCOL - PROOF-OF-WORK - MINING


BITCOIN PROTOCOL	by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. in this cryptocurrency boom, mining can be a lucrative business when done properly. the necessity of validation warrants an incentive for the miners, usually in the form of coins. mining is the act of validating blockchain transactions. ^{Source + Source}
PROOF-OF-WORK	protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.^{Source + Source}
MINING	it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. ^{Source + Source}
FORK	a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.^{Source + Source}


BITCOIN PROTOCOL	protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.^{Source + Source}
PROOF-OF-WORK	a proof of work is a piece of data which is easy for others to verify and which satisfies certain requirements. is difficult (costly, time-consuming) to produce.^{Source + Source}
MINING	by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. in this cryptocurrency boom, mining can be a lucrative business when done properly. the necessity of validation warrants an incentive for the miners, usually in the form of coins. mining is the act of validating blockchain transactions. ^{Source + Source}
FORK	it can also be used to describe a separate cryptocurrency which has been split from the main blockchain, such as namecoin being a “fork” of bitcoin. a split in the blockchain where there are temporarily two different blockchains which miners can work on. (this change is called a “hard fork”.) these can occur if software updates to a bitcoin client are incompatible or if developers decide that changes must be made to the programming of a coin. forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. ^{Source + Source}

Cryptocurrency News - Top Stories !

Research: UK Crypto Investors' Lack of Knowledge is 'Very Concerning' - Bitcoinist

Bitcoinist: Recent research from IW Capital found that 38 percent of the British population do not “understand” cryptocurrency. Furthermore, a mere 5 percent of those cryptocurrency investors polled have actually turned a profit — a fact the investment ... ...and more ...

A Small Crypto Coin Is Making Big Claims About a Private Proof-of-Stake - CoinDesk

CoinDesk: Spectre (not be confused with a separate project called SPECTRE), created two crypto tokens – the aptly named spectre token and the xspec token – in 2016, but ... received much notice from the crypto community so far. Sure enough, its tokens rank in ...

Bitcoin Price Headed to New Highs: Crypto Hedge Fund Manager Spencer Bogart - CCN

CCN: There seems to be an increased vibe in bitcoin and crypto activities on a global level. Services providers in the form of exchanges and trading signal providers around the industry seem to have upped their ante again after a dampened first half of the ...

Newly-Launched Crypto Mining Facility is one of the Largest in North America - Crypto Disrupt

Crypto Disrupt: A new crypto mining facility is set to become one of the largest of its kind in North America. DMG Blockchain Solutions recently began installing a new electrical transformer and power substation to increase its mining efforts and to take its ...and more ...

Exclusive: John McAfee on Protecting Crypto Investors from High Fees and Scams - CCN

CCN: John McAfee gave an exclusive interview to CCN about his crusade to remove the fees and authority of centralized exchanges. He discussed more details about his plans on shedding light on scams within cryptocurrency exchanges.

DMG's New Crypto Mining Facility Will Be One of the Largest in ... - Bitcoinist

Bitcoinist: DMG Blockchain Solutions Inc. recently said they began installation of a new electrical transformer and power substation in order to increase mining DMG ...and more ...

G20 Hears Out Multiple Crypto Reports in July, Waiting for FATF to ... - Cointelegraph

Cointelegraph: ... data collecting deadline for the G20 has come, and they were greeted with a host of information from a number of different committees and commissions.and more ...

Latest posts from our Team !

^{^{^{[ Note for @steemcleaners / @cheetah ] The agreement of our Team: The following authors decided to create a Team in order to collaborate and share formats, content, and profits. Any copy of content between this Team does not constitute a plagiarism: @ali.wood @realskilled @megan.brown @madison.gagnon @claire.morel @chloeroy @rspower @matthew.davis @rssniper @rstracer}}}

BITCOIN PROTOCOL - PROOF-OF-WORK - MINING - FORK -