DIFFICULTY - DISTRIBUTED NETWORK - POOL - HOT WALLET -

megan.brown (48)in #bitcoin • 6 years ago


DIFFICULTY	mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. a collection of mining clients which collectively mine a block, and then split the reward between them. ^{Source + Source}
DISTRIBUTED NETWORK	these are used for “every day” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. a bitcoin wallet that has an active connection to the internet. ^{Source + Source}
POOL	this refers to how difficult/easily a data blocks of transaction information can be mined successfully.^{Source + Source}
HOT WALLET	rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.^{Source + Source}


DIFFICULTY	this refers to how difficult/easily a data blocks of transaction information can be mined successfully.^{Source + Source}
DISTRIBUTED NETWORK	rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.^{Source + Source}
POOL	mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises. a collection of mining clients which collectively mine a block, and then split the reward between them. ^{Source + Source}
HOT WALLET	these are used for “every day” transactions and should never hold large amounts of bitcoin, since their connectivity reduces their security. a bitcoin wallet that has an active connection to the internet. ^{Source + Source}

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