mining

Proof of Activity is a hybrid consensus algorithm that combines the Proof of Work and Proof of Stake mechanisms to increase the security and resilience of the network.

Proof of Capacity is a consensus algorithm in which miners use free space on storage drives instead of energy-intensive computations, which makes mining coins cheaper and more environmentally friendly.

An orphan block is a correctly or incorrectly formed block that the network ultimately rejected and did not include in the main chain. It does not make it into the blockchain's overall transaction history.

A block reward is the payment a miner receives for a successfully created block of transactions added to the blockchain. It consists of new coins and transaction fees.

Gigahashes/sec (Gigahashes/sec, GH/s) is a unit measuring the computing power of mining hardware. It shows how many billions of hash operations a device performs in one second.

A graphics processing unit (GPU) is the computing chip of a graphics card, capable of simultaneously processing many parallel tasks. Thanks to this property, GPUs long remained the main hardware for cryptocurrency mining.

A 51% attack is a scenario in which more than half of a network's computing power is controlled by a single participant or group, which theoretically makes it possible to manipulate transaction confirmation.

An ASIC is an integrated circuit designed to perform a single task. In mining, such chips are used for the most efficient computation of a specific cryptocurrency algorithm.

An ASIC miner is a cryptocurrency mining device built on specialized ASIC chips. It is tailored to a specific algorithm and is significantly more efficient than universal hardware.

Crypto technologies are gradually changing the world and are increasingly being implemented in mobile communication devices. Thus, the British digital payments company Electroneum has presented the M1 smartphone, with which the smartphone's owner will be able to mine the ETN cryptocurrency, which can be used for