Algorithm
By Cryptomcmillan1 | Updated on May 24, 2020
Algorithm is a set of rules to follow to solve a problem or conduct a task. In computer or programming, an algorithm is needed for a computer to do its task accordingly. It is not a computer code and it needs to be converted to the language where the computer can understand.
Related Terms
Mining Contract
Another term for cloud mining, where users can rent or invest in mining capacity online.
Central Bank Digital Currency (CBDC)
It is a digital fiat currency issued by the central banks, contrary to cryptocurrency that issued by non-legislative party.
Genesis Block
It is the first block of data that is processed and validated to form a new blockchain, typically called as 'block 0' or 'block 1'.
Mining Reward
The reward resulting from contributing computing resources to process transactions
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