Version: 0.1.3.48
Date: 2013-09-3
Date: 2013-09-3
Size:
11.72MB
Requirements:
No special requirements
No special requirements
Price:
Free
Free
System:
Windows 8/7/Vista/XP
Windows 8/7/Vista/XP
Rating:
4.6
4.6
License:
Freeware
Freeware
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Description - Terracoin
Terracoin (abbreviated TRC) is a peer to peer decentralized currency based on Bitcoin.
Terracoin has no central issuer; instead, the peer-to-peer network regulates Terracoin balances, transactions and issuance according to consensus in network software.
Terracoins are issued to enduser nodes that verify transactions through computing power; it is established that there will be a limited and scheduled release of no more than 42 million coins.
Terracoin enables instant payments to anyone, anywhere in the world. Terracoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.
Payments ("transactions") are broadcasted to the network by the enduser node initiating the payment, verified and grouped together as Entities called "blocks".
Called "mining", this process of putting transactions together as blocks involves multiple nodes in the network, validating transactions and propagating the created blocks back to the network.
A Transaction consist of one or multiple "inputs" (coins origin), and one or multiple "outputs" (coins destination addresses). Enduser nodes configured for mining constantly validates transactions, ensuring a given input matches a previous transaction output, also preventing malicious nodes from double-spending coins.
Once validated by "miners", previously broadcasted transactions gets included in blocks of data, propagated to every node in the network. Those blocks are then put together in a chain ("blockchain"), originating from the first block that ever existed (the "Genesis block").
Every node in the network maintains a local Copy of this full blockchain (protocol also allow lightweight, "headers only" blockchain mode), for transaction input lookups & validation.
And more...
Terracoin has no central issuer; instead, the peer-to-peer network regulates Terracoin balances, transactions and issuance according to consensus in network software.
Terracoins are issued to enduser nodes that verify transactions through computing power; it is established that there will be a limited and scheduled release of no more than 42 million coins.
Terracoin enables instant payments to anyone, anywhere in the world. Terracoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.
Payments ("transactions") are broadcasted to the network by the enduser node initiating the payment, verified and grouped together as Entities called "blocks".
Called "mining", this process of putting transactions together as blocks involves multiple nodes in the network, validating transactions and propagating the created blocks back to the network.
A Transaction consist of one or multiple "inputs" (coins origin), and one or multiple "outputs" (coins destination addresses). Enduser nodes configured for mining constantly validates transactions, ensuring a given input matches a previous transaction output, also preventing malicious nodes from double-spending coins.
Once validated by "miners", previously broadcasted transactions gets included in blocks of data, propagated to every node in the network. Those blocks are then put together in a chain ("blockchain"), originating from the first block that ever existed (the "Genesis block").
Every node in the network maintains a local Copy of this full blockchain (protocol also allow lightweight, "headers only" blockchain mode), for transaction input lookups & validation.
And more...
