"Measurements" TAG

Hash Rate / Hash Power
  • glossary
Hash rate, also referred to as hash power, is a key indicator of the processing power of distributed ledger technology systems utilizing Proof-of-Work consensus mechanisms. The process of hashing involves taking a string of arbitrary data of any size and length, and running it through a function that produces an output, or ‘hash,’ of data...
Transacitons Per Second, TPS, tx/s
  • glossary
Transactions per second (abv. TPS or tx/s) is a measurement of processing capacity. The term is often referenced in discussions of enterprise use cases and comparisons of blockchain scalability. Traditional payment processors, such as Visa, are capable of processing 1700 tx/s, which serves as a common benchmark for payment processing applications of blockchain technology.
Satoshi
  • glossary
A Satoshi is the smallest faction that a Bitcoin can be divided into and refers to a hundredth of a millionth (1/100000000) of a Bitcoin or .00000001 BTC.
uBTC
  • glossary
A unit of quantity for Bitcoin representing a millionth (1/1000000) of a bitcoin or 0.000001 BTC.
mBTC
  • glossary
A unit of quantity for Bitcoin equivalent to 0.001 BTC.
NLockTime
  • glossary
Locktime (or nLockTime, as it is referred to in the source code) is an optional parameter that can be attached to a transaction. The amount of time specified acts as a delay; before this delay has expired, the transaction output to which it is attached is unspendable.
Coin Age
  • glossary
Coin age is a unit of measurement often used by proof-of-stake networks to calculate the value of a node’s holdings during a hashing period. It can also be used to help determine transaction legitimacy, as older coins are less likely to be part of orphaned or fraudulent transactions. Coin age is typically measured as: [number...
Difficulty
  • glossary
In Bitcoin, the difficult is parametrized by the number of leading 0’s at the beginning of an acceptable hash. Since hashes are a psuedorandom process, the likelihood of an output sitting in a certain range is roughly calculable statistically. This allows the difficulty to be increased by restricting the acceptable range of outputs to a...