Mineable
By CoinGecko | Updated on Mar 03, 2020
Some cryptocurrencies have a system through which miners can be rewarded with newly-created cryptocurrencies for creating blocks through contributing their hash power. Cryptocurrencies with this ability to generate new cryptocurrencies through the process of confirmation is said to be mineable.
* Not Mineable: Some cryptocurrencies are generated only through other mechanisms, such as annual inflation through staking. These cryptocurrencies are said to be not mineable.
Related Terms
Yield Farming
Yield farming involves putting cryptocurrency into a DeFi protocol to collect interest on trading fees.
Mining Pool
Combination of resources of several miners to obtain a higher mining power and thus achieve greater rewards for the opening of blocks.
Mining
It is the process of the miners verify and adding transaction recors into a block.
Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
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