See Also
Who is “Team Rocket”, the creators of the Avalanche protocol?
The Avalanche protocol family creators’ true identity is, perhaps, cryptocurrency’s most poorly kept secret. Or is it? Why would such a great idea’s true creators want to keep their names private? Which brings us to an earlier question. Why did Satoshi Nakamoto want to keep his own identity private? Wouldn’t Satoshi be held at the […]
ELI5: Cryptocurrency Micro Mining
Micro mining is a cryptocurrency mining modality where large quantities of small, and low computing power, devices perform the mining work. The idea stemmed from concepts related to IoT (Internet of Things), but also applies to other mining modalities where users contribute tiny amounts of work against proportional rewards. For example, by using their spare […]
ELI5 How AVAX validation works [Avalanche Protocol]
According to the Avalanche AVAX token distribution policy, almost 50% of all AVAX in existence will go towards validator rewards (see chart at the top). Since the Avalanche protocol burns all fees, the only source of inflation in the AVAX ecosystem is the validation reward. This presents a great opportunity for those who join the […]
ELI5 What is cryptocurrency mining?
Mining is the process by which cryptocurrency transactions get verified. The process got its name from the fact that once a block is verified, whoever solved it will earns some coins as a reward, a little like gold mining – there’s a reward for the work. Early Bitcoin Mining When Bitcoin was launched, the idea […]