Proof-of-stake (PoS) is a method by which a cryptocurrency blockchain network aims to achieve distributed consensus. Proof of stake asks users to prove ownership of a certain amount of currency (their "stake" in the currency).
Proof-Of-Work::
A piece of data that requires significant computation to find. In bitcoin, miners must find a numeric solution to the SHA256 algorithm that meets a network-wide target, the difficulty target.
A piece of data that requires significant computation to find. In bitcoin, miners must find a numeric solution to the SHA256 algorithm that meets a network-wide target, the difficulty target.
reward::
An amount included in each new block as a reward by the network to the miner who found the Proof-Of-Work solution. It is currently 12.5BTC per block.
@ -191,6 +191,9 @@ reward::
RIPEMD-160::
RIPEMD-160 is a 160-bit cryptographic hash function. RIPEMD-160 is a strengthened version of RIPEMD with a 160-bit hash result, and is expected to be secure for the next ten years or more.
satoshi::
A satoshi is the smallest denomination of bitcoin that can be recorded on the blockchain. It is the equivalent of 0.00000001 bitcoin and is named after the creator of Bitcoin, Satoshi Nakamoto. ((("satoshi")))
Satoshi Nakamoto::
Satoshi Nakamoto is the name used by the person or people who designed Bitcoin and created its original reference implementation, Bitcoin Core. As a part of the implementation, they also devised the first blockchain database. In the process they were the first to solve the double spending problem for digital currency. Their real identity remains unknown.
Andreas M. Antonopoulos
7 years ago