Cryptocurrency mining is the process by which new digital coins are created and transactions are added to a blockchain’s ledger. Miners use powerful computers to solve complex mathematical puzzles, known as proof-of-work (PoW), or perform other consensus-related tasks in the case of alternative consensus mechanisms like proof-of-stake (PoS). In return for their efforts, miners are rewarded with newly created cryptocurrency coins and transaction fees. Mining plays a pivotal role in the security and maintenance of blockchain networks. Understanding the concept of mining is crucial for those interested in how cryptocurrencies are created and validated.
Mining (Cryptocurrency Mining)
CRYPTO GLOSSARY
Blockchain
- Altcoin
- Block
- Blockchain
- Confirmation
- Cross-Chain
- Crypto Glossary
- Cryptocurrency
- Cryptography
- Custodial Wallet
- dApp (Decentralized App)
- Decentralization
- Decentralized Autonomous Organization (DAO)
- Decentralized Finance (DeFi)
- ERC-20
- ERC-721
- Ether (ETH)
- Fork (Blockchain Fork)
- Gas (Ethereum Gas)
- Gas Limit
- Gwei
- Hardware Wallet
- Immutable
- Immutable Ledger
- Mining (Cryptocurrency Mining)
- Mining Pool
- Node
- Non-Custodial Wallet
- Open-Source
- Oracle
- Oracles (Blockchain Oracles)
- Private Blockchain
- Private Key
- Proof-of-Stake (PoS)
- Public Key
- Public Key Infrastructure (PKI)
- Richard Heart
- Satoshi Nakamoto
- Seed Phrase (Recovery Phrase, Seed Words)
- SLIP-0039
- Smart Contract
- Smart Contract Audit
- Stablecoin
- Token
- Tokenomics
- Validator
- Vitalik Buterin
- Wallet Address
- Whitepaper
Crypto Finance
- Airdrop
- All Time High (ATH)
- All Time Low (ATL)
- Bitcoin
- Cardano (ADA)
- Chainlink (LINK)
- Circulating Supply
- Crypto Glossary
- Dogecoin (DOGE)
- ERC-20
- ERC-721
- Ether (ETH)
- Fake Airdrops
- Gas Limit
- Gwei
- HEX
- Hodl
- KYC (Know Your Customer)
- Liquidity
- Litecoin (LTC)
- Market Cup
- Monero (XMR)
- Polkadot (DOT)
- PulseChain (PLS)
- PulseX PLSX
- Richard Heart
- Ripple (XRP)
- ROI (Return On Investment)
- Satoshi
- Satoshi Nakamoto
- Stellar (XLM)
- STO (Security Token Offering)
- Tezos (XTZ)
- Trading
- Trading Pair
- Volatile (Volatility)
- Volatility
- Wallet Address
- Wei
- Whale
- Whitepaper
- Yield Farming
- Zero-Knowledge Proofs (ZKPs)
- zk-SNARK
Crypto Security
- All Time Low (ATL)
- BIP-39
- Confirmation
- Crypto Glossary
- Cryptography
- Cryptojacking
- Custodial Wallet
- Decentralization
- Decentralized Private Network (DPN)
- Fake Airdrops
- Hardware Wallet
- Immutable
- KYC (Know Your Customer)
- Malware
- Open-Source
- Passphrase
- Pharming
- Private Key
- Public Key
- Public Key Infrastructure (PKI)
- Seed Phrase (Recovery Phrase, Seed Words)
- Shamir Backup (Shamir’s Secret Sharing)
- SLIP-0039
- Smart Contract Audit
- Trojan
- Two-Factor Authentication (2FA)
- Virtual Private Network (VPN)
- Wallet
- Wallet Address
- Zero-Knowledge Proof (ZKP)
- Zero-Knowledge Proofs (ZKPs)
- zk-SNARK