Mining

    0
    1171
    « 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 Chan founded DataDrivenInvestor.com (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.