Phrases with «decentralized mining»

"Decentralized mining" refers to the practice of distributing the process of mining cryptocurrencies across multiple individuals or entities, instead of relying on a single centralized authority. It involves a network of miners who independently validate and secure transactions, ensuring the system's integrity and preventing any single entity from having full control. Full definition

Sentences with «decentralized mining»

  • Yet, there could still be reasons for joining decentralized mining pools that trump convenience. (coindesk.com)
  • Our first priority is to promote decentralized mining and have a running pool with significant hash power. (smartpool.io)
  • He is a co-creator and inventor of Ethereum, described as a «decentralized mining network and software development platform rolled into one» that facilitates the creation of new cryptocurrencies and programs that share a single block chain (a cryptographic transaction ledger). (the-blockchain.com)
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