what are ASIC Miners? ASIC miners use ASICs, Application Specific Integrated Circuits, which are specialized pieces of hardware designed to perform a single activity. In contrast, the majority of computer hardware in your home, such as the circuitry in your … Read More

What are Cryptocurrency Exchanges? Cryptocurrency exchanges are online platforms in which you can exchange one kind of digital asset for another based on the market value of the given assets. Some of the most popular exchanges are currently Binance, FTX, … Read More

What are Smart Contracts? A smart contract is an application that runs on a blockchain network. Deployed on public blockchain networks, smart contracts are self-executing and immutable after their signing. The uses of such contracts are limitless, as they can … Read More

What is Proof of Work? In simple terms, Proof of Work refers to the computational puzzle that miners solve for the prospect of receiving a coin in compensation for their work. The purpose of solving these puzzles is to secure … Read More

What are Miners? Cryptocurrencies and fiat currencies differ in the way that new coins/cash are generated and issued in their respective ecosystems. Fiat currencies are printed by government-sponsored mints in response to a state authority’s direct orders, while cryptocurrencies are … Read More