Block reward

A block reward is the incentive given to miners for successfully validating and adding a new block of transactions to a blockchain. In many cryptocurrencies, such as Bitcoin, miners compete to solve complex mathematical puzzles, and the first miner to find a valid solution is rewarded with a certain number of newly created coins. The […]

More Definitions…

Privacy-focused cryptocurrency

A privacy-focused cryptocurrency is a digital currency that emphasizes and prioritizes user privacy and anonymity. Unlike traditional cryptocurrencies, which may have transparent and traceable transactions, privacy-focused cryptocurrencies employ advanced...

Tokenomics

Tokenomics refers to the economics and mechanics behind a cryptocurrency or token. It encompasses various factors such as token supply, distribution, utility, and value dynamics within a blockchain ecosystem. Tokenomics determines how tokens are created, allocated,...

Fiat currency

Fiat currency refers to a government-issued currency that is not backed by a physical commodity like gold or silver. It holds value based on the trust and confidence placed in the issuing government. Examples of fiat currencies include the US dollar, Euro, British...