Ainee GillA mining pool is what?It’s possible that no single miner has the computer power needed to successfully mine bitcoin. As a result, it’s typical for miners to band…Sep 23, 2022Sep 23, 2022
Ainee GillBITCOIN FAUCETS OR “REWARD SYSTEM”A cryptocurrency faucet is an application or website that offers tiny sums of cryptocurrencies as payment for finishing simple activities…Sep 21, 2022Sep 21, 2022
Ainee GillPROOF OF STAKEAs an alternative to the PoW, the PoS is a consensus mechanism.Sunny King and Scott Nadal first introduced Proof of Stake (PoS) in a paper…Aug 24, 2022Aug 24, 2022
Ainee GillPROOF OF WORK IN CRYPTOCURRENCYA sort of cryptographic evidence known as proof of work (PoW) involves one party (the prover) demonstrating to another (the verifiers) that…Aug 19, 2022Aug 19, 2022
Ainee GillSMART CONTRACTS IN CRYPTOCURRENCYComputer applications with a unique feature called “smart contracts” start up automatically when certain criteria are satisfied.Aug 17, 2022Aug 17, 2022
Ainee Gill“ETHEREUM”Ethereum is often referred to as the second most popular cryptocurrency after Bitcoin. But unlike Bitcoin and most other virtual…Aug 1, 2022Aug 1, 2022
Ainee Gill“ ALTCOINS”Altcoins (short for “alternative coins”) are cryptocurrencies other than bitcoin. They are similar in some ways to Bitcoin but are usually…Jul 30, 2022Jul 30, 2022
Ainee GillBLOCKCHAIN???Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A…Jul 27, 2022Jul 27, 2022