"REWARD"
Zoekresultaat voor
Courses (0)
Artikels (0)
Woordenlijst (6)
Block
Reward
Refers to the
reward
s that miners receive for finding new blocks by using mining devices. Different cryptocurrencies have different
reward
s based on respective blocks in the blockchain.
Incentive Layer
One of the layers in blockchain, which is mainly about a
reward
distribution mechanism.
Miner
It refers to an individual who wants to get the block
reward
by using computers to calculate the encryption functions.
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.
Mining a Block
When miners help create a new block, they will get 6.25 Bitcoins as a
reward
. This process of updating the public ledger is called mining a block.
Nounce
This is a string of automatically generated numbers during the process of mining. Using this string of numbers, miners are likely to figure out Hash Function to get the block
reward
.
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