Tag Archives: blockchain

What is premine

What is ‘premine’?

Preamble, also known as premine, is a term used in the cryptocurrency world to refer to the practice of creating and distributing a certain number of coins to a specific group of people before the official launch of a blockchain network. This group of people is usually composed of the developers, founders, and early investors […]

What is Blockchain Technology?

What is a blockchain?

A blockchain is a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. The […]

What is mining

What is Crypto Mining?

Cryptocurrency mining is the process by which new digital coins are created and transactions on a blockchain network are verified. It is a decentralized process that is powered by a network of computers, each contributing computing power to solve complex mathematical problems that are necessary to validate transactions and create new coins. This process is […]