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.

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Related Terms

Proof-of-Authority (PoA)
A consensus algorithm that asigns block validation queue based on identity and reputation.
Public Keys
The alphanumeric string which serves as a public receiving address in cryptocurrencies.
Mining Pool
Combination of resources of several miners to obtain a higher mining power and thus achieve greater rewards for the opening of blocks.
KYC (Know Your Costumer)
KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them.
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