Tag Archives: crypto

What is Proof of Work?

What is Proof-of-Work (PoW)?

Vertcoin is a cryptocurrency that use Proof-of-Work (PoW). Proof-of-Work (PoW) is a consensus algorithm that is used by many blockchain networks, including Vertcoin, to ensure the integrity and security of the network. In a PoW-based blockchain, all participants (nodes) must perform a certain amount of computational work in order to add new blocks to the […]

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 […]