What is cryptocurrency staking?
What is cryptocurrency staking? Staking cryptocurrency means that you are holding cryptocurrency to verify transactions and support the network. In exchange for holding the crypto and strengthen the network, you will receive a reward. You can also call it an interest. With staking you can generate a passive income by holding coins. Besides that you […]
What is cryptocurrency mining?
What is cryptocurrency mining? If you are interested in buying Bitcoin, you can easily become a digital currency owner. There are many different brokers that offer Bitcoin and other cryptocurrency, to a wide audience all over the world. However, these coins have to come from somewhere because the amount of coins keep growing every day. […]
What is a 51% attack?
What is a 51% attack? To forcefully control a country, you need to overthrow its leader by controlling their security. In the same way, to control activities on a blockchain, you need to have control of its security. The security of a blockchain, for example Bitcoin, is determined by the platform’s hash power. The hash […]
What is a Mining Pool?
What is a Mining Pool? A mining pool is a family of cryptocurrency miners who cooperate by merging their solo efforts and computational ability. The merger makes it easier for them to solve cryptographic problems and earn digital currency. Subsequently, the mining pool shares the block rewards among every member of the family. The contribution […]
What is Delegated Proof of Stake (DPoS)?
What is Delegated Proof of Stake (DPoS)? Cryptocurrency projects are designed to be decentralized, they do not have any central control. This is one of the arguments that centralized governments have against cryptocurrencies in general. However, just because there is no central control, it doesn’t mean there is no way to ensure that no one […]