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TiPS (FedoraCoin): The Official Subreddit!

TiPS (a.k.a. FedoraCoin) is a new state of the art cryptocoin based on the [Tips Fedora meme](http://knowyourmeme.com/memes/tips-fedora). Our objective is to become the tipping currency of the internet. More information is available in the [BitcoinTalk thread](https://bitcointalk.org/index.php?topic=1420302.0).
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Decred: Secure. Adaptable. Sustainable.

Decred aims to build a community-directed cryptocurrency whose security, adaptability, and sustainability make it a superior long-term store of value. It is achieving this aim by building the world's first truly decentralized autonomous organization.
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TiPS (FedoraCoin)

TiPS (a.k.a. FedoraCoin) is a new state of the art cryptocoin based on the [Tips Fedora meme](http://knowyourmeme.com/memes/tips-fedora). Our objective is to become the tipping currency of the internet. More information is available in the [BitcoinTalk thread](https://bitcointalk.org/index.php?topic=380466.0).
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Am I correct in thinking that, when mining bitcoin, only one miner in the world will gain bitcoin from verifying each block in the blockchain? How could this realistically make anyone a profit?

As I understand it, the hard part of mining bitcoin isn't in verifying the transaction, it's in being the first to find the hash equal to or lower than the target hash. If there are millions of miners all over the world looking for that hash, including giant, multiple-building farms, and only one block is added to the blockchain every 10 minutes, how could anyone mining from home hope to make any profit at all? Would you not just be losing stupendous amounts of money on gear and electricity and always be losing the 'hash race' to someone out there with a more powerful computer? I know and appreciate that people do this purely as a hobby and not always to make money, but I can't see how you could ever make money at all when competing with factory-sized water-cooled farms in China. I presume there's some key point I'm missing that will make everything instantly clear but I can't find it in any other explanation.
Also (side question) if it is true that in order to solve the numerical problem you need to find the hash lower than or equal to the target hash, and there's no extra reward for being the closest, only for being the first, why would you not just guess the lowest possible hash every time?
thank y'all
submitted by ambassador_shrek to NoStupidQuestions [link] [comments]

Video 20: how to sign a message with your COLDCARD bitcoin private key then verify the message with ElectrumWallet or Block Explorer website.

Video 20: how to sign a message with your COLDCARD bitcoin private key then verify the message with ElectrumWallet or Block Explorer website. submitted by rnvk to Bitcoin [link] [comments]

Video 20: how to sign a message with your COLDCARD bitcoin private key then verify the message with ElectrumWallet or Block Explorer website. (x-post from /r/Bitcoin)

Video 20: how to sign a message with your COLDCARD bitcoin private key then verify the message with ElectrumWallet or Block Explorer website. (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

How can I verify my WasabiWallet is actually sourcing the blocks from the Bitcoin full node I control?

I have configured the Bitcoin P2P Endpoint onion address (xxx.onion:Port_number). I have verified it's on the Config File. Everything seams to be running OK, don't have error or warning messages.
But, on the bottom right side of the blue ribbon of the WasabiWallet, I can still see Peers: 8 ¿?
Can anybody help me with a practical way to verify WasabiWallet is actually sourcing the blocks from the Bitcoin full node I control.
submitted by GM2112 to WasabiWallet [link] [comments]

How will bitcoin transactions be verified once all of the blocks have been mined by 2140?

Something I've been struggling to understand lately... Thanks
submitted by itisworking1 to Bitcoin [link] [comments]

Peter R. Rizun: "The average user can be their own bank and verify their own transactions with a SPV wallet, that requires no more data than a SMS text message package for a dumb phone in Nepal. This will always be true regardless of how big blocks get. See Section 8 of the bitcoin white paper."

Peter R. Rizun: submitted by Egon_1 to btc [link] [comments]

Don't Trust, Verify Your Bitcoin Transactions – Miner Nodes (Block-producing) and Full Nodes

“Full nodes download new transactions and blocks for verification and then broadcast only valid transactions and blocks to other nodes.”
“Block-producing (miner) nodes are only the proposers of new blocks, they can’t make the full node network accept an invalid block or transaction.”
“Block-producing (miner) nodes are like the “proposers” who package transactions and submit new blocks, while full nodes act like “acceptors”, verifying new block proposals and ensuring the correctness of the blocks and the transactions included in them.”
“Viewed from this angle, I would say full nodes are the keepers of blockchain network.”
Don't Trust, Verify
https://medium.com/nervosnetwork/dont-trust-verify-7c866ad1ed5b
submitted by FluidAttitude to btc [link] [comments]

Bitcoin is an adversarial network; by my count there were 68 attempts in the past week to feed an invalid block to my node. There was also an attempt to create 234,512 BTC out of thin air. This is why we don't trust, we verify.

Bitcoin is an adversarial network; by my count there were 68 attempts in the past week to feed an invalid block to my node. There was also an attempt to create 234,512 BTC out of thin air. This is why we don't trust, we verify. submitted by Bitcoin_21 to Bitcoin [link] [comments]

Security is crucial to a payment service. Fesschain verifies every block with blocks mined on the Bitcoin blockchain and/or the timestamp of each transaction recorded within the block, thus deeming itself practically unhackable.

submitted by az6_2 to fessOfficial [link] [comments]

Fesschain verifies every block with blocks mined on the Bitcoin blockchain and/or the timestamp of each transaction recorded within the block, thus deeming itself practically unhackable.

submitted by az6_2 to fessOfficial [link] [comments]

@binance: What Is Mimblewimble? - @BinanceAcademy The #Bitcoin #blockchain has maintained the data of every transaction since the genesis block. Anyone can download it & verify. A Mimblewimble blockchain only keeps essential information & provides more privacy. https://t.co/a3WZgImz1n

submitted by rulesforrebels to BinanceTrading [link] [comments]

@binance: What Is Mimblewimble? - @BinanceAcademy The #Bitcoin #blockchain has maintained the data of every transaction since the genesis block. Anyone can download it & verify. A Mimblewimble blockchain only keeps essential information & provides more privacy. https://t.co/a3WZgImz1n

submitted by rulesforrebels to BinanceTrading [link] [comments]

I've manually verified that in the last 365 days 55,673 blocks were mined. Target was 52,560. #Bitcoin network overshot by 3,113 blocks = 38,912 #BTC = .63% extra inflation. Therefore actual $BTC inflation= 695912.5/Supply at block 494092.

I've manually verified that in the last 365 days 55,673 blocks were mined. Target was 52,560. #Bitcoin network overshot by 3,113 blocks = 38,912 #BTC = .63% extra inflation. Therefore actual $BTC inflation= 695912.5/Supply at block 494092. submitted by Bitcoin1776 to Bitcoin [link] [comments]

FESS chain verifies every block with Bitcoin blockchain mined blocks, which makes FESS practically unhackable.

FESS is combining Proof of Proof (PoP) methodology with AI and basic features of sharding into a new blockchain. FESS chain verifies every block with Bitcoin blockchain mined blocks, which makes FESS practically unhackable. Even if someone hacks into our blockchain, the very next block verifies back and returns where the original verified block was mined. #FesschainICO #Fess #Fesschain
https://fesschain.io
submitted by neerajanand27 to Crypto_ICO_Investing [link] [comments]

Fesschain is a multi-layered blockchain, where both recording and verifying of transactions on the network takes place in a two-step procedure. Every transaction before being recorded is confirmed either with its timestamp or with blocks mined on the Bitcoin blockchain or both.

submitted by az6_2 to fessOfficial [link] [comments]

FESS is combining Proof of Proof (PoP) methodology with AI and basic features of sharding into a new blockchain. FESS chain verifies every block with Bitcoin blockchain mined blocks, which makes FESS practically unhackable.

https://fesschain.live/
submitted by sainiyogesh01 to ico [link] [comments]

"Bitcoin.com and @ViaBTC have setup expedited xthin peering. Yesterday, block 442321 (1Mb) was transferred and verified in 207 ms"

submitted by Egon_1 to btc [link] [comments]

Block Verify Turns Bitcoin Into a Life-saving Technology

Block Verify Turns Bitcoin Into a Life-saving Technology submitted by znrjernje to Bitcoin [link] [comments]

my bitcoin cash node verifies about 25'000tx/s @0.04ms/tx. With a max acceptable block connect time of 30s it could handle 750'000tx/block or 1'250tx/s

my bitcoin cash node verifies about 25'000tx/s. With a max acceptable block connect time of 30s it could handle 750'000tx/block or 1'250tx/s
submitted by german_bitcoiner to btc [link] [comments]

$2.5 Billion worth of Bitcoin transactions verified in block #394,736...Anyone able to explain what is going on?

All I see is transaction after transaction of 9000+ btc (which consistently goes down) being sent with no end in sight, no one has millions of bitcoin like this. What is going on? Transaction volume is going to get completely messed up. Some cleaver bitcoiner is up to no good...
submitted by Fizzgig69 to Bitcoin [link] [comments]

Ethereum's network is not all DeFi and Speculation; it is also art, sports, and games

Ethereum's network is not all DeFi and Speculation; it is also art, sports, and games submitted by aminok to CryptoCurrency [link] [comments]

PSA: if you are confused about what the real Bitcoin is just use an old Bitcoin client and see which chain it verifies and which blocks it refuses to accept!

There are a lot of scams out there trying to convince newbies that "Bitcoin xyz is the real Bitcoin". The scammers usually claim that somehow their altcoin is "much nearer to the original" than Bitcoin itself.
Fortunately Bitcoin is built in a way so that your client always knows what the real Bitcoin is. Your client relies on math and cannot be fooled by propaganda. So just start up a Bitcoin client from the early days (0.5 or whatever) and it will tell you exactly which chain is the real Bitcoin chain and which chain is an altcoin that forked away from the original Bitcoin.
That easy.
submitted by joecoin to btc [link] [comments]

How To Enable 2-Step Verification (2FA) – Blockchain  Tutorial How to Verify your Blockchain Account  How to Upload ... BLOCKCHAIN INFO VERIFY Blockchain Validation Bitcoin Q&A: Could an Open Blockchain be Used to Verify Votes?

“Bitcoin was originally used to buy illegal drugs. Now we are using the same technology; the blockchain to help stop the distribution of dangerous counterfeit drugs worldwide.” – Pavlo Tanasyuk, Block Verify Founder. The blockchain will verify these hashes in order to determine whether or not the item in question is legitimate or ... Blockchain.com is the most popular place to securely buy, store, and trade Bitcoin, Ethereum, and other top cryptocurrencies. The most popular and trusted block explorer and crypto transaction search engine. Syncing and verifying block headers. Using the chain module of Bitcoin-S it's possible to sync and verify block headers from the Bitcoin blockchain. In this document we demonstrate how to do this, while persisting it to disk. We should be able to read this chain on subsequent runs, assuming we are connected to the same bitcoind instance. implicit val ec = ExecutionContext.global // We are ... Height Age Transactions Total Sent Total Fees Block Size (in bytes) 654077: 2020-10-24T07:54:33.84Z: 1,769: 2,703.104 BTC: 0.251 BTC: 862,610: 654076: 2020-10-24T07 ...

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How To Enable 2-Step Verification (2FA) – Blockchain Tutorial

1. Ratings of cryptocurrency wallets for Bitcoin, Cash Bitcoin, Ethereum, Litecoin 2. Verify your profile (KYC) and if you want, stay anonymous. 3. Smart deal - do business in a smart way to ... How To Enable 2-Step Verification (2FA) – Blockchain. 2-Step Verification (commonly known as two-factor authentication, or 2FA) acts as an extra layer of security for your wallet. When logging ... How transactions are verified in Bitcoin Blockchain - Longest chain rule explained - Duration: 5:08. FINMAESTRO 28,763 views. 5:08. How to verify blockchain account How transactions are verified in Bitcoin Blockchain - Longest chain rule explained - Duration: 5:08. FINMAESTRO 26,867 views. 5:08. But how does bitcoin actually work? - Duration: 26:21. ...

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