Pay-Per-Share (PPS)
By CoinGecko | Updated on Aug 13, 2021
You are compensated for each valid share that you contribute. Each share is worth a set amount of cryptocurrency that may be mined. Regardless of whether the pool detects a block or not, miners will always get compensated using the PPS payment method. In other words, miners sell their hashrate to a mining pool for a fixed income. Each mining pool is in charge of its revenues and losses.
Related Terms
Whitepaper
An introductory paper to consicely explain an issue and a possible solution on the issue.
Soft Fork
A backward-compatible update to a decentralized blockchain protocol.
Virtual AMM (vAMM)
The vAMM functions similarly like an AMM but does not contain an actual asset pool.
Futures
An agreement between two counterparties that obligates them to transact in the future based on the contract terms set.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.