ELI5 : How to mine NEO
Many cryptocurrency newbies ask us how to mine NEO.
This is a recurring question, so we decided to write a short post to clarify how to properly obtain NEO cryptocurrency.
Bitcoin Gold: Bitcoin reaches block 491407
Block 491407 has been reached, marking the last checkpoint for the launch of Bitcoin Gold.
Snapshot time! pic.twitter.com/3nt2a1PDQK— Bitcoin Gold (@bitcoingold) October 24, ...
ELI5 What is an Antminer?
Antminers are dedicated cryptocurrency mining machines developed and produced in mainland China by Bitmain.
The original Satoshi Nakamoto Bitcoin client used to mine Bitcoins u...
ELI5 What was Oasis Mining?
Oasis Mining was an initiative by former crew from OALend Coin (OACCOIN).
The core business idea was to raise money via crowdfunding (ICO) in order to produce cryptocurrency mi...
Proof of Authority (PoA) Summary [Cryptocurrency consensus mechanisms]
Proof of Authority is a consensus mechanism where members of a cryptocurrency network are identified and receive delegated powers to solve blocks. If they defraud the system their identity is at stake and they will either be prosecuted or booted from the network. This is a centralized system where a higher authority delegates mining powers […]
Proof of Space (PoSpace) Summary [Cryptocurrency consensus mechanisms]
Proof of Space uses hard disk space as the value used to guarantee a participant’s stake in mining. By allocating disk space, the network participant provides value to the network, which uses this space to solve computational problems. Given low network bandwidth for a lot of regions, making it difficult to transfer large amounts of […]
Proof of Trust (PoT) Summary [Cryptocurrency consensus mechanisms]
In a Proof of Trust system, users in a network gain trust as they participate in special activities within the network. If a user tries to defraud the system, the trust is lost and they lose an equivalent amount in value (the cryptocurrency or token employed). In a Proof of Trust system, “trust” is staked […]
Proof of Burn (PoB) Summary [Cryptocurrency consensus mechanisms]
In the Proof of Burn (PoB) consensus mechanism, miners earn the right to mint the next block by burning some value in the blockchain. All proof systems are based on the principle that minting a block must incurr in some cost, otherwise fraudsters could inject invalid transactions into the blockchain. Bitcoin achieves this by making […]
Concepts In This Page
A process or system by which multiple parties are able to reach consensus. In the context of cryptocurrencies, it's the process which allows for everyone to agree on everyone else's money balance. E.g. Bitcoin employs Nakamoto consensus via PoW mining.