Pre-mining is the practice of mining cryptocurrencies at a very low difficulty, before releasing the coin to the public.
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ELI5 What is a premined cryptocurrency?
If you're a beginner and you've been following some of the cryptocurrency debates on social media, then you may have encountered something like this:
CRV is getting premined an...
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Premined
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Pre-mined cryptocurrencies are coins which have a significant amount mined by the founders before being released to the public.
Premining
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Pre-mining is the practice of mining cryptocurrencies at a very low difficulty, before releasing the coin to the public.