HARD FORK - DISTRIBUTED NETWORK - MINING POOL - SPV -

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


HARD FORK	this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.^{Source + Source}
DISTRIBUTED NETWORK	a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa. ^{Source + Source}
MINING POOL	rather than having a centralised data centre, a type of network where processing power and data are spread over the nodes.^{Source + Source}
SPV	a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining. ^{Source + Source}


HARD FORK	a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa. ^{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}
MINING POOL	a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining. ^{Source + Source}
SPV	this allows mobile clients to make payments without needing a copy of the entire blockchain. acronym for “simplified payment verification”.^{Source + Source}

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