Minting Money With Megawatts [Point of View]

Autor:	S. Valfells, Jón Helgi Egilsson
Rok vydání:	2016
Předmět:	Transaction processing business.industry Hash function Cryptography Computer security computer.software_genre Commerce Currency Digital currency Ledger Business Electrical and Electronic Engineering computer Database transaction Block (data storage)
Zdroj:	Proceedings of the IEEE. 104:1674-1678
ISSN:	1558-2256 0018-9219
DOI:	10.1109/jproc.2016.2594558
Popis:	Discusses the key features and applications supported by Bitcoin. Also examines the use of financial mining within the Bitcoin network. A crucial part of this new financial etwork is a computational process known as mining. Bitcoin refers to the entire Bitcoin network and protocol; when not capitalized, bitcoin refers to the digital currency used on the Bitcoin network. The currency is also often abbreviated as BTC or XBT. The ledger consists of a chain of timestamped transaction blocks, the blockchain. The integrity of the blockchain is secured by cryptographic hashes of the transaction blocks with each block referencing the hash of the previous block. Miners compete to calculate or mine valid hashes and are rewarded with new bitcoins and transaction fees. The miners consume hundreds of megawatts of power minting bitcoins worth billions of dollars.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::f1ffae99ee724f167a8dabf14a1f51d5 https://doi.org/10.1109/jproc.2016.2594558 Zobrazit plný text záznamu