Nework NKC to Sentient Coin SEN Exchange

Crypto Pair Details: NKC to SEN

Nework NKC

The bitcoin network is a peer-to-peer payment network that operates on a cryptographic protocol. Users send and receive bitcoins, the units of currency, by broadcasting digitally signed messages to the network using bitcoin cryptocurrency wallet software. Transactions are recorded into a distributed, replicated public database known as the blockchain, with consensus achieved by a proof-of-work system called mining. Satoshi Nakamoto, the designer of bitcoin claimed that design and coding of bitcoin began in 2007. The project was released in 2009 as open source software. The network requires the minimal structure to share transactions. An ad hoc decentralized network of volunteers is sufficient. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will. Upon reconnection, a node downloads and verifies new blocks from other nodes to complete its local copy of the blockchain. A bitcoin is defined by a sequence of digitally signed transactions that began with the bitcoin's creation, as a block reward. The owner of a bitcoin transfers it by digitally signing it over to the next owner using a bitcoin transaction, much like endorsing a traditional bank check. A payee can examine each previous transaction to verify the chain of ownership. Unlike traditional check endorsements, bitcoin transactions are irreversible, which eliminates the risk of chargeback fraud. Although it is possible to handle bitcoins individually, it would be unwieldy to require a separate transaction for every bitcoin in a transaction. Transactions are therefore allowed to contain multiple inputs and outputs, allowing bitcoins to be split and combined. Common transactions will have either a single input from a larger previous transaction or multiple inputs combining smaller amounts, and one or two outputs: one for the payment, and one returning the change, if any, to the sender. Any difference between the total input and output amounts of a transaction goes to miners as a transaction fee. In 2013, Mark Gimein estimated electricity consumption to be about 40.9 megawatts (982 megawatt-hours a day). In 2014, Hass McCook estimated 80.7 megawatts (80,666 kW). As of 2015, The Economist estimated that even if all miners used modern facilities, the combined electricity consumption would be 166.7 megawatts (1.46 terawatt-hours per year). To lower the costs, bitcoin miners have set up in places like Iceland where geothermal energy is cheap and cooling Arctic air is free. Chinese bitcoin miners are known to use hydroelectric power in Tibet to reduce electricity costs. Various potential attacks on the bitcoin network and its use as a payment system, real or theoretical, have been considered. The bitcoin protocol includes several features that protect it against some of those attacks, such as unauthorized spending, double spending, forging bitcoins, and tampering with the blockchain. Other attacks, such as theft of private keys, require due care by users.

Sentient Coin SEN

Consensus is the open-sourced, decentralized artificial intelligence platform, powered by native cryptocurrency, and built with the vision to improve the governance mechanisms at all levels of organizational structures: community, startup, non-profit, enterprise, city, county or the entire country. Once fully realized, Consensus AI will be able to offer automated, data-driven solutions to the most complex problems of our collective co-existence by modelling the potential outcomes of proposed changes. Consensus will help govern communities, societies and countries in a more cost efficient, transparent and progressive manner. This will be implemented via collective voting, initiatives proposal and funding, execution reporting and intelligent algorithms that will perform project analysis and model the outcomes with the efficiency, budgetary concerns, social, environmental and other factors under consideration. Mission The mission of Consensus is to achieve collective governance based on interdependence using advanced technologies. Abstract There are three main components to the Consensus system: the Sentient blockchain network built with verified nodes that allows running distributed machine learning, the Research Platform with extended data collection and modelling capabilities and the AI Advisor — a standalone system constantly monitoring and learning from the incoming available data that is used to make predictions. Later stages of development will include internally and externally built Dapps for various governance applications.

SOURCE: COINGECKO

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