Mining
By CoinGecko | Updated on Mar 03, 2020
It is the process of the miners verify and adding transaction recors into a block. The miner who successfully do the mining will be rewarded with a coin. The verification process typically requires the miner to use a specific hardware to mine and connected to the internet.
Related Terms
Cold Storage
Offline storage of cryptocurrencies which is arguably safer as they also require physical access (eg. hardware wallet, paper wallets)
Faucet
A faucet usually represents a site or app where a user can navigate to for small rewards repeated over time.
UTC Time
"Universal Time Coordinated", can be used interchangably with Greenwich Mean Time (GMT).
cc0 NFT
A cc0 NFT is a piece of digital content where the IP rights have been relinquished.
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