Miners
Miners are people or groups that help maintain a blockchain by solving complex math problems to validate transactions. They can be large companies with many machines or individuals using their personal computers.
More terms under M
- Mimetic TheoryMimetic theory is the idea that people want things because others want them too. In economics, it helps explain why certain products or assets, like…
- MineableMineable cryptocurrencies are those that allow people, called miners, to earn new coins by solving complex math problems to create new blocks on the…
- MinecraftMinecraft is a popular video game where players build and destroy various blocks in a 3D world, allowing for creativity and exploration.
- Minimum Collateralization Ratio (MCR)The Minimum Collateralization Ratio (MCR) is the smallest amount of collateral required to secure a loan in cryptocurrency.
- Minimum Viable Product (MVP)A minimum viable product (MVP) is a basic version of a product that includes just enough features to attract early users and test if the idea is successful.
- MiningMining is the process of adding new blocks to a blockchain and confirming transactions. It’s also how new Bitcoin and some other cryptocurrencies are made.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.