PROOF OF WORK - MEMPOOL - DAPP - BLOCK TIMESTAMP -

realskilled (47)in #bitcoin • 6 years ago


PROOF OF WORK	an application that operates autonomously, has its data stored on a blockchain, incentivized in the form of cryptographic tokens and operates on a protocol that shows proof of value. is a decentralised application that is open source. ^{Source + Source}
MEMPOOL	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity. ^{Source + Source}
DAPP	they help to make it more difficult for someone else to manipulate the blockchain. each block contains a timestamp in unix format. ^{Source + Source}
BLOCK TIMESTAMP	the unconfirmed transactions stored by a node until they either expire or get included in the main chain. a technical term that refers to a collection of these transactions.^{Source + Source}


PROOF OF WORK	the more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. a consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity. ^{Source + Source}
MEMPOOL	the unconfirmed transactions stored by a node until they either expire or get included in the main chain. a technical term that refers to a collection of these transactions.^{Source + Source}
DAPP	an application that operates autonomously, has its data stored on a blockchain, incentivized in the form of cryptographic tokens and operates on a protocol that shows proof of value. is a decentralised application that is open source. ^{Source + Source}
BLOCK TIMESTAMP	they help to make it more difficult for someone else to manipulate the blockchain. each block contains a timestamp in unix format. ^{Source + Source}

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