Browsing Concept: Micro Mining

Concepts In This Page

• IoT - IoT stands for Internet of Things - a concept where large numbers of small devices are connected to the internet in order to exchange information.
• IoTW - IoTW is a Proof of Assignment (PoA) based blockchain aimed at IoT solutions
• Micro Mining - Micro Mining is a kind of cryptocurrency mining where network participants each contribute a tiny amount of work into the mining process, receiving micro rewards against their efforts. Typically used by tiny devices or users which do not wish to invest into a dedicated mining setup (such as mining using CPU spare time).
• Mining - Mining is the collective and decentralized effort performed by network participants in order to verify cryptocurrency transactions. Participants receive a reward for their work, which serves as an incentive for mining activity.