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Bitcoin Garden Forum
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(Moderators:
vindyne8
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Joankii
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Brazio
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Topic: Brazio (Read 1306 times)
Brazio
Jr. Member
Posts: 64
Karma: +0/-0
Re: Brazio
«
Reply #15 on:
July 20, 2018, 09:35:46 PM »
Cryptocurrency funds are locked in a public key cryptography system. Only the owner of the private key can send cryptocurrency. Strong cryptography and the magic of big numbers makes it impossible to break this scheme.
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Brazio
Jr. Member
Posts: 64
Karma: +0/-0
Re: Brazio
«
Reply #16 on:
July 20, 2018, 11:32:08 PM »
You don‘t have to ask anybody to use cryptocurrency. It‘s just a software that everybody can download for free. After you installed it, you can receive and send cryptocurrency. No one can prevent you. There is no gatekeeper.
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Brazio
Jr. Member
Posts: 64
Karma: +0/-0
Re: Brazio
«
Reply #17 on:
July 21, 2018, 07:43:16 PM »
Cryptocurrency mining power is rated on a scale of hashes per seconds. A rig with a computing power of 1kH/s is mining at a rate of 1,000 hashes a second, 1MH/s is a million hashes per second and a GH/s is one billion hashes per second.
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Brazio
Jr. Member
Posts: 64
Karma: +0/-0
Re: Brazio
«
Reply #18 on:
July 22, 2018, 05:41:20 AM »
A transfer of funds between two digital wallets is called a transaction. That transaction gets submitted to a public ledger and awaits confirmation. Wallets use an encrypted electronic signature when a transaction is made.
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Brazio
Jr. Member
Posts: 64
Karma: +0/-0
Re: Brazio
«
Reply #19 on:
July 22, 2018, 11:45:49 PM »
In November 2013, the price of Bitcoin has exceeded for the first time the price of gold.
Soon enough will be Brazio's turn!
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Brazio
Jr. Member
Posts: 64
Karma: +0/-0
Re: Brazio
«
Reply #20 on:
July 23, 2018, 05:25:55 AM »
In cryptocurrency, proof-of-work is a system that uses hard-to-compute but easy-to-verify functions to limit exploitation of cryptocurrency mining.
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