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
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.
Node
Within the blockchain network, the nodes are computers that connect to the network and have an updated copy of the blockchain
Decentralized
A system where there are no centralized points of failure or organization with no central authority figure.
Turing-Complete
A "turing complete" code or blockchain refers to the ability to read program-written codes.
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