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myarbrough@oreilly.com 2014-11-12 05:17:10 -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")))
block::
A grouping of transactions, marked with a timestamp, and a fingerprint of the previous block. The block header is hashed to find a Proof-Of-Work, thereby validating the transactions. Valid blocks are added to the main blockchain 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 block chain by network consensus.((("block")))
blockchain::
A list of validated blocks, each linking to its predecessor all the way to the genesis block.((("blockchain")))
block chain::
A list of validated blocks, each linking to its predecessor all the way to the genesis block.((("block chain")))
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, etc. 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 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")))
difficulty::
A network-wide setting that controls how much computation is required to find a Proof-Of-Work.((("difficulty")))