Читать книгу Cryptocurrency All-in-One For Dummies онлайн

45 страница из 200

Here’s how Investopedia defines harvesting: “Instead of each miner contributing its mining power in a cumulative manner to a computing node, a harvesting participant simply links his account to an existing supernode and uses that account’s computing power to complete blocks on his behalf.” (See the section, “ssss1,” later in this chapter.)

1 When you want to use cryptos to purchase something, first your crypto network and your crypto wallet automatically check your previous transactions to make sure that you have enough cryptocurrencies to make that transaction. For this, you need your private and public keys (explained in ssss1 of this minibook).

2 The transaction is then encrypted, broadcast to the cryptocurrency’s network, and queued up to be added to the public ledger.

3 Transactions are then recorded on the public ledger through mining. The sending and receiving addresses are wallet IDs or hash values that aren’t tied to the user’s identification, so they are anonymous.