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• Blockchain Embedded MiningBlockchain embedded mining is a relatively new concept where mining chips are embedded into internet connected devices. Embedded mining chips can operate inside everyday devices such as smart phones. Embedded mining is speculated to be a solution to previously uneconomical efforts, such as micropaym... More Blockchain embedded miningBlockchain embedded mining is a relatively new concept where mining chips are embedded into internet connected devices. Embedded mining chips can operate inside everyday devices such as smart phones. Embedded mining is speculated to be a solution to previously uneconomical efforts, such as micropaym... More is a relatively new concept where mining…
• ASICASIC is an acronym for "Application Specific Integrated Circuit". They silicon chips specifically designed to do a single task. In the case of a cryptocurrency like bitcoin, they are designed to process SHA-256 hashing problems with the objective of mining new bitcoins. ASIC is an acronym for "Application Specific Integrated Circuit". They…
• Block RewardA blockchain is a type of distributed ledger that holds a permanent record of all transactions. The transactions are recorded onto a ledger. A copy of the ledger is updated on each node, or oracle, via the client application designed for that particular chain. Public chains, like Ethereum and Bitcoi... More The reward given to a miner which has successfully hashed…
• Quantum Key DistributionQuantum key distribution (QKD) uses quantum mechanics to secure a communication channel. It enables two different parties to develop a shared random secret key known only to them, which can then be used to encrypt and decrypt messages. What makes quantum key distribution unique is its ability to ... More Quantum key distributionQuantum key distribution (QKD) uses quantum mechanics to secure a communication channel. It enables two different parties to develop a shared random secret key known only to them, which can then be used to encrypt and decrypt messages. What makes quantum key distribution unique is its ability to ... More (QKD) uses quantum mechanics to secure a…
• Transaction FeeA collection of transactions on a network. The collection is gathered into a block that can then be hashed and added to the blockchain. A fee imposed on some transactions sent across the network…
• Block HeightBlock height refers to the number of blocks connected together. Height 0 for example, would be the very first block aka Genesis Block. Block heightBlock height refers to the number of blocks connected together. Height 0 for example, would be the very first block aka Genesis Block. refers to the number of blocks connected together.…