Mining Pool
By CoinGecko | Updated on Mar 03, 2020
Combination of resources of several miners to obtain a higher mining power and thus achieve greater rewards for the opening of blocks. There are some that are public and there are some that are private.
Related Terms
Privacy Coins
Cryptocurrencies that are designed with transaction anonimity and user privacy in mind.
Directed Acyclic Graph (DAG)
Directed acyclic graphs refers to a data structure that is built in one single direction, yet branches out and never repeats.
Ethereum Name Service (ENS)
Ethereum Name Service (ENS) is a look-up service that allows Ethereum users to find websites or send and receive funds via simple names.
Lightning Network
It is the "second layer" or an off-chain of payment protocol that operates on top of a blockchain. Payments on this network do not need block confirmation and it will be instant.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.