Home Mining

    Mining

    0
    477
    « Back to Glossary Index
    Categories: Blockchain

    The process by which transactions are verified and added to a blockchain. Mining involves solving cryptographic puzzles using computer hardware (such as ASICs) – the first to solve the puzzle mines the block and receives a reward from the network for their efforts.

    « Back to Glossary Index
    Previous articleLitecoin [LTC]
    Next articleMining Pool
    Justin Chan
    Dr Justin Chan founded datadriveninvestor.com, a tech application platform designed to help fund managers, individual investors and data scientists uncover outstanding sources of alpha from data. Previously, he specialized in strategy development in a number of hedge funds and served as a senior quantitative strategist at GMO. An expert in microstructure, market liquidity, and behavioral finance, Dr. Chan holds a doctoral degree from UCLA and served as a finance professor at Singapore Management University. He can be reached at justinchan@datadriveninvestor.com.