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11 votes

How is mining the exact same hash on every computer avoided?

Blocks commit to the set of transactions they contain, including the coinbase transaction. The coinbase transaction is the transaction which pays the subsidy/fees out to the miner who mined it. Since ...
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1 vote

Is it correct to refer to hashes found through proof of work as "proof of work numbers"?

Is it correct to refer to hashes found through proof of work as "proof of work numbers"? I wouldn't say it is incorrect but it isn't exactly correct either. I'd say The phrase "Proof ...
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0 votes

What does SHA256 hast must be lower than current target?

There are no magic math to understand for this: simply it was needed some target to let people calculate and mine with some difficulty having success after a certain time. The “lower than” has been ...
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  • 111
1 vote

What is the difference between a 'hot' and 'cold' wallet

My answer will never be better that the provided before but I would add that the term wallet has been very unfortunate because a wallet, cold or hot, is not actually containing any coins like ...
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2 votes

What is the difference between a 'hot' and 'cold' wallet

TL;DR: hot / cold wallets refers to whether or not the private keys are on Internet-connected systems or not. I think this is closest to your misconception: A wallet address is a public key. While a ...
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