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blockchain is the technology that powers btc and all other cryptocurrencies
The vary slightly between other cryptocurrencies but the principle remains the same.
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Marcus Mogensen
Celestine Udoji
Cryto currency is a decentralized digital currency. There is no central bank or a single administrator. It can be sent from user to user on a peer-to-peer DIGITAL currency network without intermediaries.
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Wiki User
∙ 6y agoThe blockchain in Bitcoin is a digital ledger (record of accounts) of transactions that records all the bitcoin transactions.
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What is Edison's renegade currency?
The Bitcoin is Edison's renegade currency.
How can you get Edisons renegade currency?
There is no such thing as Edison's Renegade Currency. Thomas Edison tried to re-invent the dollar but the government would not allow it, so it never happened. These days Bitcoin is called a renegade currency.
What is the definition of chain block?
A chain block is a device where a chain runs through an overhead steel pulley block and can be used to lift things and be locked into place. A very useful tool .
What is the chain called that drives a chain block?
It's called the drive chain.
How many types of currency does the Oanda Currency Convertor convert?
On Oanda Currency Converter you are able to check the exchange rate of almost every currency in the world. You are also able to check the price in your currency of commodities such as gold, silver and platinum. Recently Oanda added Bitcoin to it's list of currencies.
What is chain block?
A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency's block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history. Every block contains a hash of the previous block. This has the effect of creating a chain of blocks from the genesis block to the current block. Each block is guaranteed to come after the previous block chronologically because the previous block's hash would otherwise not be known. Each block is also computationally impractical to modify once it has been in the chain for a while because every block after it would also have to be regenerated. These properties are what make double-spending of bitcoins very difficult. The block chain is the main innovation of Bitcoin. Honest generators only build onto a block (by referencing it in blocks they create) if it is the latest block in the longest valid chain. "Length" is calculated as total combined difficulty of that chain, not number of blocks, though this distinction is only important in the context of a few potential attacks. A chain is valid if all of the blocks and transactions within it are valid, and only if it starts with the genesis block. For any block on the chain, there is only one path to the genesis block. Coming from the genesis block, however, there can be forks. One-block forks are created from time to time when two blocks are created just a few seconds apart. When that happens, generating nodes build onto whichever one of the blocks they received first. Whichever block ends up being included in the next block becomes part of the main chain because that chain is longer. More serious forks have occurred after fixing bugs that required backward-incompatible changes. Blocks in shorter chains (or invalid chains) are not used for anything. When the bitcoin client switches to another, longer chain, all valid transactions of the blocks inside the shorter chain are re-added to the pool of queued transactions and will be included in another block. The reward for the blocks on the shorter chain will not be present in the longest chain, so they will be practically lost, which is why a network-enforced 100-block maturation time for generations exists. These blocks on the shorter chains are often called "orphan" blocks. This is because the generation transactions do not have a parent block in the longest chain, so these generation transactions show up as orphan in the listtransactions RPC call. Several pools have misinterpreted these messages and started calling their blocks "orphans". In reality, these blocks have a parent block, and might even have children. Because a block can only reference one previous block, it is impossible for two forked chains to merge. It's possible to use the block chain algorithm for non-financial purposes: see Alternative chain.
How do electric chain hoists work?
The chain hoist has either a lever to power the hoist or a loop of operating chain pulls through the block of the hoist which then powers the block that takes up the main lifting chain.
What is a Chain Block?
A block chain is a chain in which the alternate links are broad blocks connected by thin side links pivoted to the ends of the blocks, used with sprocket wheels to transmit power.
Does a Ford Falcon ba xt have a timing chain or belt?
Chain, inside the block.
What is the depreciation schedule of Bitcoin?
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What common European currency?
The Euro is the common European currency. It is currently used in the 13 block Euro-zone as their common currency. It is currently going down against the dollar.
Where can one find a chain block?
A chain block can be found in a machinery house or well-equipped garage. It involves a pulley system used to lift or suspend heavy objects (such as vehicles).
