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
Salt (cryptography)
In cryptography, a salt is the additional random input that is added to password or passphrase to make the password hash unique. It prevents from the hashed output password to be cracked so easily by the hacker.
Gas Price
A term refers to the amount of price user is willing to pay for a transaction on Ethereum blockchain.
Sharding
A form of database partitioning which breaks up data into smaller segments.
ROI
Short for “Return on Investment”, the ratio between the net profit and cost of investing.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.