Mining Pool
By CoinGecko | Updated on Mar 03, 2020
Combination of resources of several miners to obtain a higher mining power and thus achieve greater rewards for the opening of blocks. There are some that are public and there are some that are private.
Related Terms
Secure Asset Fund for Users (SAFU)
A feature created by Binance which contains reserve funds that can be used to reimburse users in case of a catastrophic event (eg. exchange hack)
Proof-of-Developer (PoD)
A concept of identifying the developers of a project as a means of vouching reputation for a project
Wash Trade
Meaningless back and forth trading between a single party with the aim of inflating trade volume.
Block Confirmation
Refers to the number of confirmation a particular block has. Each block ahead of the referenced block adds one block confirmation to it.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.