SCRYPT - CENTRAL LEDGER - BITCOIN PROTOCOL


SCRYPT	a ledger that is maintained by a central agency.^{Source + Source}
CENTRAL LEDGER	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. ^{Source + Source}
BITCOIN PROTOCOL	compared to sha256, this is quicker as it does not use up as much processing time. scrypt is a type of cryptographic algorithm and is used by litecoin. ^{Source + Source}
MINER	protocol to set the “rules” for how the network runs. the open source, cryptographic protocol which operates on the bitcoin network.^{Source + Source}


SCRYPT	compared to sha256, this is quicker as it does not use up as much processing time. scrypt is a type of cryptographic algorithm and is used by litecoin. ^{Source + Source}
CENTRAL LEDGER	a ledger that is maintained by a central agency.^{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}
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. ^{Source + Source}

Cryptocurrency News - Top Stories !

Kraft Heinz Issues 'Bacoins' in Spite of Buffett's Distaste for Crypto - Bloomberg

Bloomberg: Warren Buffett has said cryptocurrencies such as Bitcoin will come to a “bad ending.” He probably ... referring to cholesterol. Kraft Heinz ... Oscar Mayer unit is issuing a limited number of digital tokens called Bacoins that can be exchanged for ...and more ...

Crypto Exchange Coinsecure Says Theft Probe Is Holding Up Refunds - Coindesk

Coindesk: Coinsecure is still unable to repay its customers following a debilitating theft last month, the India-based cryptocurrency exchange said over the weekend. The exchange - which lost nearly 440 bitcoins in mid-April in an incident that has been publicly ...and more ...

How Can We Make Crypto Trading More Accessible to Everyone ... - newsBTC

newsBTC: You ... need an uncle high up in finance to get started with Bitcoin trading. You ... need an Ivy League education or a fat start-up fund. All you need is a computer and some spare cash to make enormous gains.

Oscar Mayer Unveils Bacoin: New Crypto Campaign For Bacon - Forbes

Forbes: Apparently some old (hot)dogs can learn new tricks. Capitalizing on the popularity of cryptocurrencies in 2018, American meat company Oscar Mayer announced today the launch of "Bacoin" (BACN), a cryptocurrency literally backed by bacon. By visiting ...

Crypto Scammers Hijack Vertcoin's Twitter Account - CoinDesk

CoinDesk: ... Twitter account has been compromised in an attempt to facilitate a cryptocurrency giveaway scam. On May 1, near 20:13 UTC, the account posted that it was "pleased to announce" a bitcoin giveaway, mimicking other Twitter scams which have ...and more ...

Is Crypto's Decentralization A Bug, Not Just A Feature? - Forbes

Forbes: Earlier this year, two bitcoin traders were robbed at gunpoint for their cryptocurrency. The incident sent shockwaves through the crypto community. But outright robbery aside, it was just another day in the industry—these days, over $9 million each ...

UNDP Partners With Crypto Startup on Solar Power Pilot - CoinDesk - CoinDesk

CoinDesk: Blockchain startup Sun Exchange has partnered with the United Nations Development Programme (UNDP) on a pilot program that seeks to bring solar power to a university in Moldova. The solar cells will be owned by individuals around the world and leased ...and more ...

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SCRYPT - CENTRAL LEDGER - BITCOIN PROTOCOL - MINER -