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
Full Node
Full Nodes are computers that verify the set of rules that are built into the protocols of a given cryptocurrency.
Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
Cold Storage
Offline storage of cryptocurrencies which is arguably safer as they also require physical access (eg. hardware wallet, paper wallets)
Immutable
A property characterized by inability to be change and stays unchanged over time.
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