See Also

ELI5 Proof of Stake (PoS) – How does PoS work?
In the cryptocurrency universe, Proof of Stake (PoS) is one of the most popular alternatives to the Proof of Work (PoW) family of consensus mechanisms. While PoW systems invest large amounts of energy to make sure transactions are legit, PoS does not require mining hardware. Proof of Stake “miners” (stakers) must lock a financial stake […] AVAX Staking tutorial – How to begin staking Avalanche [Early AVAX staking, in 2020]
Note: This is an article from Avalanche’s early days, back in 2020, before the mainnet went live! Back then there were no staking instructions available. In fact, we published this tutorial based on our own testnet experience, before it was even possible to move coins on the mainnet!!! We’ve kept this article in its original […] 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 […] DON’T use Paypal for cryptocurrency purchases [Early 2020 article]
November 2020 Update In late October 2020, Paypal updated their policy to allow cryptocurrency purchases. The payments processor also updated their Terms and Conditions to explicitly accommodate cryptocurrency trading. As such, most of our original advice no longer applies. We’ve decided to leave the original text untouched for historical purposes, since, for the past 11+ […]