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Showing 20 of 74 results by ansdb
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Topic
Board Bitcoin Discussion
Re: Qs about Proof of Work concept ?
by
ansdb
on 17/01/2019, 16:58:56 UTC
thanks a lot for your help  Smiley
Post
Topic
Board Bitcoin Discussion
Re: Qs about Proof of Work concept ?
by
ansdb
on 16/01/2019, 22:07:29 UTC
Firstly thanks a lot for the anwsers and your help i really appreciate it, cuz i found difficulties when asking that kind of Questions just a few people reply and answer question  Smiley

Quote
6. in simplified terms the block header has a nonce. ASIC create a hash that is the block header and where the nonce changes. this makes the hash change. they keep changing the nonce until they find a hash that meets the difficulty requirements

what a form that the nonce take (Numbers ...)? and from where it is generated ?

Quote
7. imagine it like 15 different groups(pools) racing each other to get a block hash result that meet the rules. only one can win per block.

but the other unrewarded pools can create a block and win the reward in the next (x) time ?
Post
Topic
Board Bitcoin Discussion
Topic OP
Qs about Proof of Work concept ?
by
ansdb
on 16/01/2019, 14:00:43 UTC
i hv some question that make me confused   Huh  Grin

1 - is after the creation of the genesis block we can say that the network now is safe and it will be safe ? because all the upcoming blocks will be rely on that block ?

2 - is the Block Hash just the sum of the Txs in the block decrypted with Hash Function Tech + the previous block hash ( is those things considered as Input that gives the Output ( block hash ) ) ? is this correct ?

3 - is every Tx inside the block has its own Hash ?

4 - if someone in the network that own 15% of the global HashRate want to modify a block in which way he can do it (manually or ...) ?

5 - if someone or some entity in the network that own 51% of the global HashRate want to modify a block in which way he can do it (manually or ...) ?

6 - is the calculation that the miners do is some sort of x + 15 = 2 so they need to calculate this to create a block the first one who find x = -13 gets a reward ? is this correct ?

7 - if a miner A create a block he gets a reward from the network ?
8 - if a miner B just validate Txs don't create any block what he should get as a reward  ?

Post
Topic
Board Development & Technical Discussion
Re: How Blocks Functions in Bitcoin Blockchain ?
by
ansdb
on 30/11/2018, 17:09:46 UTC
is the block headers are transactions informations (the sender the receiver/time/amount .. etc)
No. The block headers contains the merkel root which contains the transaction hashes which are assembled. They do not contain specific transaction information persay.
so the validity of a transaction depends on the Bitcoin Blockchain Algorithm Rules (Mathematically) is this correct ?
Protocol rules: https://en.bitcoin.it/wiki/Protocol_rules.

so the pool alse could be called as huge Node, is this correct ?
Pools should be running a node, probably not a reference implementation though. Pools do not have to run a node explicitly, the only thing that they need is the transaction information, previous block hash and all that. These can be easily obtained from various sources.

Thanks a million for your help, so helpful thanks a lot again  Smiley
Post
Topic
Board Development & Technical Discussion
Re: How Blocks Functions in Bitcoin Blockchain ?
by
ansdb
on 30/11/2018, 16:29:38 UTC
first of all thanks a lot for your help i really appreciate it cuz it was a long time looking for the answer of these questions  Smiley


2- we know that the miners doing calculation through POW ? is it the same calculation of the hash tx ?

They hash the block headers which contains a wide array of data and the result is the block hash.
is the block headers are transactions informations (the sender the receiver/time/amount .. etc)
3- is the block that is created by a miner doesn’t valide untill it is validated by all the miners in the network ? is that correct ? and how it is considered as a valide block ?
A block is valid if the nodes in the network think that it is valid. If the miner follows the protocol rules, then those who also follow the protocol rules should agree that the block is valid. If not, then they would be on a different fork since they don't accept that block while those who do builds on it.

The requirement for the block to be valid is quite broad, the crux of it is just that it follows the protocol rules which all of the reference nodes follow.
so the validity of a transaction depends on the Bitcoin Blockchain Algorithm Rules (Mathematically) is this correct ?

4- is every miner considered as Node in Bitcoin Network ?

Technically, it used to be. However, when pools came out, people found it more worthwhile to be mining together instead of separately. Most of the miners now don't run a node anymore due to the numerous benefits of pools.

so the pool alse could be called as huge Node, is this correct ?
Post
Topic
Board Development & Technical Discussion
How Blocks Functions in Bitcoin Blockchain ?
by
ansdb
on 30/11/2018, 15:54:15 UTC
Hi Everyone

i'm a niewbie and i was so confused about how the blocks work and Function in Bitcoin blockchain i’ve many questions and i want if someone here has a good knowledge in blockchain to answer my questions ?

1- is the blocks can only contains one transaction or more ?

2- we know that the miners doing calculation through POW ? is it the same calculation of the hash tx ?

3- is the block that is created by a miner doesn’t valide untill it is validated by all the miners in the network ? is that correct ? and how it is considered as a valide block ?

4- is every miner considered as Node in Bitcoin Network ?
Post
Topic
Board Bitcoin Discussion
Re: INVEST AND DON'T HAVE REGRETS !!
by
ansdb
on 16/08/2018, 22:35:09 UTC
yes you're right blockchain and cryptocurrency industry just need time become bigger and bigger, i love your portfolio it's logical and powerful
Post
Topic
Board Hardware wallets
Re: Hardware Wallet Can Hack Too! We are not safe then?
by
ansdb
on 15/08/2018, 08:26:13 UTC
don't be anxious, no one have access to your wallet if they're not own the seed or the private key , don't be so worried, take it easy  Grin
Post
Topic
Board Bitcoin Discussion
Re: Is blockbuster technology a good career for a student
by
ansdb
on 15/08/2018, 08:20:27 UTC
yes it will be a good career i hear that there is some universities in the world that gives a blockchain courses it might be helpful
Post
Topic
Board Altcoin Discussion
Re: 97% bitcoin gold crash should feel like a bad omen to you
by
ansdb
on 14/08/2018, 23:06:25 UTC
not just the Bitcoin Gold who is falling down to that price but even NEO goes down from 160 $ to 15 $ and many other currencies
Post
Topic
Board Bitcoin Discussion
Re: Psychology when entering the Cryptocurrency market.
by
ansdb
on 13/08/2018, 11:11:10 UTC
if everyone understand and use these 4 rules he could do better in this market and trade/investing with no fear of losing his money
Post
Topic
Board Beginners & Help
Re: How much is the best price for Starting Cypto investment/Trading/ETC
by
ansdb
on 13/08/2018, 10:51:05 UTC
you need to start with 10% or 5% or even less of your funds which equal nearly 550$ / 275$ trade and investing to learn
Post
Topic
Board Beginners & Help
Re: LOSING money on signals?
by
ansdb
on 13/08/2018, 10:38:37 UTC
the best thing to do is to learn your self don't rely on other people to give you signals there are many kind of ways to earn money in this market
Post
Topic
Board Bitcoin Discussion
Re: Please Explain
by
ansdb
on 11/08/2018, 10:02:01 UTC
yes if you trust in this technology so HODL your coins don't look for the price look for the knowledge know that this tech has a brilliant future
Post
Topic
Board Bitcoin Discussion
Re: Meet the Wealthiest People in Crypto
by
ansdb
on 11/08/2018, 09:44:44 UTC
i see more others from different stonge projects can join this list in the two or three years in the future like  EOS,NEO,ZIL founders
Post
Topic
Board Bitcoin Discussion
Re: Can Cryptocurrency Stand Without Bitcoin?
by
ansdb
on 10/08/2018, 08:27:32 UTC
the major of altcoins in the market bought with bitcoin so it's very hard if bitcoin disappear from the market
Post
Topic
Board Bitcoin Discussion
Re: Cryptocurrency could help your business or not?
by
ansdb
on 10/08/2018, 08:19:06 UTC
if a business add BTC as a payment method it benefit from the popularity of BTC and also from usability of BTC so it's beneficial for business owners
Post
Topic
Board Bitcoin Discussion
Re: 5 Ways to Avoid Bitcoin Scams
by
ansdb
on 10/08/2018, 08:07:37 UTC
there is also scammers in telegram they talk to you about an ico or even something else and they ask you about money
Post
Topic
Board Speculation
Re: What is our assurance that Bitcoin will stay for long or forever?
by
ansdb
on 09/08/2018, 05:41:37 UTC
yes it could but not now in every industry there is changes but in the long term not in the short term and bitcoin it's in the beginning
Post
Topic
Board Bitcoin Discussion
Re: Tips to overcome depression.
by
ansdb
on 08/08/2018, 14:02:59 UTC
yes this market is really get people depressed like me, i love that steps you give as a solution they're very helpful