Abbreviations and terms. Part 2
2 min read
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Feb 18
In the previous article we analyzed the most commonly used terms related to cryptocurrencies and blockchain. It's time to talk about mining and trading. Let’s go!
Dear experienced blockchain and cryptocurrency users, forgive us for some simplifications, we want to make life of less experienced colleagues easier, not confuse them even more :)
Mining is the process of creating and finding a new block in the blockchain using computing power (or some other way). Miners are rewarded for their work in cryptocurrency.
A mining farm is what buzzes in your neighbor's garage and suspiciously melts the snow in winter. As a rule, specialized min
