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Blockchain

A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order,…

Blockchain Reward

Blockchain transactions are verified in a process known as mining, and each time a block is mined the miner receives a reward to compensate them for the resources used in…

Blockchain.info

A web service running a Bitcoin node and displaying statistics and raw data of all the transactions and blocks. It also provides a web wallet functionality with lightweight clients for…

Consortium Blockchain

This a blockchain where consensus is provided by a pre-selected group of nodes. Because of the centralization this introduces it is not a popular method for cryptocurrencies, but it has…

Halving

Halving is the 50% reduction in the blockchain rewards to miners for successfully mining a block. In Bitcoin this halving occurs every 210,000 blocks, or approximately every 4 years. Bitcoin…

Merkle Trees

Each block in the bitcoin blockchain contains a summary of all the transactions in the block, using a Merkle tree. A Merkle tree, also known as a binary hash tree,…

Transaction Block

The Transaction Block is the block containing the transaction information. It is processed by miners to verify that the transaction is valid.

Yellow Paper

A Yellow Paper is an academic research type paper that explains the technical details of a proposed blockchain, such as the computer science, mathematics and economics that the blockchain is…

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