Młyn to mill. Korzeczny według definicji odnosi się do korytek koła młynu, czyli water wheel. Są dwa rodzaj kół - paddle i bucket - więc to jest bucket water wheel.
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A water wheel is a machine for converting the energy of flowing or falling water into useful forms of power, often in a watermill. A water wheel consists of a wheel (usually constructed from wood or metal), with a number of blades or buckets arranged on the outside rim forming the driving surface. Most commonly, the wheel is mounted vertically on a horizontal axle, but can also be mounted horizontally on a vertical shaft, for example the tub or Norse. Vertical wheels can transmit power either through the axle or via a ring gear and typically drive belts or gears; horizontal wheels usually directly drive their load.
https://en.wikipedia.org/wiki/Water_wheel

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Early Waterwheel Design were quite primitive and simple machines consisting of a vertical wooden wheel with wooden blades or buckets fixed equally around their circumference all supported on a horizontal shaft with the force of the water flowing underneath it pushing the wheel in a tangential direction against the blades.
http://www.alternative-energy-tutorials.com/hydro-energy/wat...