Nominators play a crucial role in a blockchain network that utilizes the nominated proof-of-stake (NPoS) consensus algorithm. They are one of the two primary actors involved in this network.
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Permissionless refers to a characteristic commonly associated with blockchains. It signifies a system that lacks any governing authority to control its usage and determine the manner in which it is utilized.
Some digital currencies have a mechanism in place where miners can receive newly generated digital currencies as a reward for creating blocks by contributing their computational power. Digital currencies that have this feature are referred to as mineable.
A mining rig is a piece of equipment specifically designed for the purpose of mining cryptocurrencies.
Minecraft is an immersive video game that allows players to unleash their creativity by constructing and demolishing various types of blocks within a captivating three-dimensional realm.
An alternative term to Fish, referring to an individual with a small crypto investment, is Minnow.
Miner Extractable Value (MEV) refers to the quantification of the potential earnings that a miner can achieve by exercising their authority to selectively incorporate, exclude, or rearrange transactions within the blocks they generate. This metric serves as a means to assess the profitability that miners can attain through their manipulation of transaction order and inclusion.
Minting refers to the act of creating fresh coins through the proof-of-stake mechanism and subsequently introducing them into circulation for trading purposes.
The Minimum Collateralization Ratio (MCR) refers to the minimum amount of collateral that must be provided as security for a specific loan.
A sequence of words that is used to access or restore your cryptocurrency assets is known as a mnemonic phrase. This mnemonic phrase serves as a key to unlock and regain control over your digital assets. It is a crucial component in the world of cryptocurrency, providing a secure and convenient way to manage your funds. By memorizing and safeguarding your mnemonic phrase, you can ensure the safety and accessibility of your crypto assets.