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Tag: Blockchain

GPU mining

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GPU mining is a cryptocurrency mining method that uses graphics processor units (GPUs) rather than the central processing units (CPUs) that were used in the early days of the blockchain industry. The Radeon HD 5970 GPU-miner, for example, can process 3,200 32-bit instructions per clock.  This reflects an 800-fold improvement in power over a CPU’s four 32-bit instructions per clock. GPU mining is much more effective for...

Blockchain, Glossary

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Block

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A block is the data archive of all transaction history made on a blockchain’s network within a given timeframe. Blocks are sequentially applied to a network’s data chain, forming the public database known as blockchain. A Bitcoin block, for example, includes information about the date, duration, and number of transfers, as well as signature information about the transfer’s origin and destination. Before a chain will begin...

Blockchain, Glossary

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Fair Launch

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The equal and open initial allocation of coins in a blockchain project is known as a fair launch. They are considered a good way to encourage decentralization and participation in the crypto community.

Blockchain, Glossary

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Blockchain

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A blockchain is a decentralized, peer-to-peer network of computers that maintains and verifies a public ledger of transactions using a consensus process to validate records. In a blockchain network, each computer keeps its own copy of the public database, making it virtually impossible for a single computer to change any previous transactions or for malicious actors to overload the network. Blockchain is the tech that underpins bitcoin,...

Blockchain, Ethereum, Glossary

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Airdrop

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Airdrop is a marketing campaign that distributes a specific cryptocurrency or token to an audience. In order for airdrops to be successful, they need to have subscribers and participants who are willing to take the time to claim the tokens that have been distributed by the airdrop. Airdrops are originated in order to increase the popularity of a certain coin and to attract more people to take interest in that coin. The Airdrop...

Blockchain, Glossary

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