"BLOCKS"
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Orphan Block
They are the
blocks
that are not recogized by the Blockchain.
Block Reward
Refers to the rewards that miners receive for finding new
blocks
by using mining devices. Different cryptocurrencies have different rewards based on respective
blocks
in the blockchain.
Block Height
The number of
blocks
within the blockchain from its genesis block.
Blockchain
It is comprised of
blocks
and become a chain. The block refers to a digital piece of information of a database.
Block
Refers to a computer file that records transaction information. A blockchain is created when
blocks
are connected as a continuous chain.
Simplified Payment Verification
A wallet, providing good users experience, that can only save self-related
blocks
data with small occupied memory.
Halving
It refers to the mechanism that the bitcoin block reward will be reduced by half every 210,000
blocks
, so as to the control the supply and maintain the value of the currency.
Uw toegangspoort tot de cryptowereld, abonneer u op Gate voor een nieuw perspectief
Abonneren
Uw toegangspoort tot de cryptowereld, abonneer u op Gate voor een nieuw perspectief
Abonneren