PEER TO PEER - DOUBLE SPENDING - MINING - BTC -

in #cryptocurrency7 years ago


PEER TO PEER
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
DOUBLE SPENDING
participants of a p2p network deal directly with each other through a single mediation point. peer to peer (p2p) refers to the decentralized interactions between two parties or more in a highly-interconnected network. Source + Source
MINING
this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. Source + Source
BTC
a single unit of the bitcoin currency. an acronym for bitcoin. Source + Source


PEER TO PEER
participants of a p2p network deal directly with each other through a single mediation point. peer to peer (p2p) refers to the decentralized interactions between two parties or more in a highly-interconnected network. Source + Source
DOUBLE SPENDING
this causes coins spent that are already spent somewhere else, making one of the receivers end up with nothing. a common flaw in some cryptocurrency blockchains where the system of rules is not in motion properly, allowing malicious users to try and spend their unique codes in multiple places. 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
BTC
a single unit of the bitcoin currency. an acronym for bitcoin. Source + Source

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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://blockgeeks.com/guides/blockchain-glossary-from-a-z/

Nice job @cheetah and @steemcleaners, but in this case you are somehow wrong. This is is a false positive. Analice, please, the HTML code on this post and let me know your thoughts.