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myarbrough@oreilly.com 2014-11-21 05:09:21 -08:00
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@ -13,13 +13,13 @@ bitcoin::
The name of the currency unit (the coin), the network, and the software.((("bitcoin"))) The name of the currency unit (the coin), the network, and the software.((("bitcoin")))
block:: block::
A grouping of transactions, marked with a timestamp, and a fingerprint of the previous block. The block header is hashed to produce a proof of work, thereby validating the transactions. Valid blocks are added to the main block chain by network consensus.((("block"))) A grouping of transactions, marked with a timestamp, and a fingerprint of the previous block. The block header is hashed to produce a proof of work, thereby validating the transactions. Valid blocks are added to the main blockchain by network consensus.((("block")))
block chain:: blockchain::
A list of validated blocks, each linking to its predecessor all the way to the genesis block.((("block chain"))) A list of validated blocks, each linking to its predecessor all the way to the genesis block.((("blockchain")))
confirmations:: confirmations::
Once a transaction is included in a block, it has one confirmation. As soon as _another_ block is mined on the same block chain, the transaction has two confirmations, and so on. Six or more confirmations is considered sufficient proof that a transaction cannot be reversed.((("confirmations"))) Once a transaction is included in a block, it has one confirmation. As soon as _another_ block is mined on the same blockchain, the transaction has two confirmations, and so on. Six or more confirmations is considered sufficient proof that a transaction cannot be reversed.((("confirmations")))
difficulty:: difficulty::
A network-wide setting that controls how much computation is required to produce a proof of work.((("difficulty"))) A network-wide setting that controls how much computation is required to produce a proof of work.((("difficulty")))
@ -37,7 +37,7 @@ hash::
A digital fingerprint of some binary input.((("hash"))) A digital fingerprint of some binary input.((("hash")))
genesis block:: genesis block::
The first block in the block chain, used to initialize the cryptocurrency.((("genesis block"))) The first block in the blockchain, used to initialize the cryptocurrency.((("genesis block")))
miner:: miner::
A network node that finds valid proof of work for new blocks, by repeated hashing.((("miner"))) A network node that finds valid proof of work for new blocks, by repeated hashing.((("miner")))