MINING POOL - APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC) - EXCHANGE RATE - TESTNET -

megan.brown (48)in #cryptocurrency • 6 years ago


MINING POOL	a chip created for mining data blocks. a specific computer chip which has been created for the sole purpose of. ^{Source + Source}
APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC)	a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining. ^{Source + Source}
EXCHANGE RATE	used by developers, it's a test blockchain to prevent expending assets on the main chain.^{Source + Source}
TESTNET	the exchange rate is based on two things; how it compares to a traditional currency, or how it stacks up against another type of cryptocurrency. cryptocurrency does not have this issue as it is digital. however, this is normally, money issued by the government, such as the dollar, will have a fluid exchange rate based on the country it is spent in. ^{Source + Source}


MINING POOL	a way to allows the rewards to be distributed more consistently between participants in the pool. a group of miners who have decided to combine their computing power for mining. ^{Source + Source}
APPLICATION SPECIFIC INTEGRATED CIRCUIT (ASIC)	a chip created for mining data blocks. a specific computer chip which has been created for the sole purpose of. ^{Source + Source}
EXCHANGE RATE	the exchange rate is based on two things; how it compares to a traditional currency, or how it stacks up against another type of cryptocurrency. cryptocurrency does not have this issue as it is digital. however, this is normally, money issued by the government, such as the dollar, will have a fluid exchange rate based on the country it is spent in. ^{Source + Source}
TESTNET	used by developers, it's a test blockchain to prevent expending assets on the main chain.^{Source + Source}

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