Mining

Mining is the process of validating and adding new transactions to a blockchain. In cryptocurrency networks like Bitcoin, miners use powerful computers to solve complex mathematical problems that secure the network and verify transactions. Miners are rewarded with newly minted coins for their computational efforts, incentivizing the security and integrity of the blockchain.

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...