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  2. Bitmain - Wikipedia

    en.wikipedia.org/wiki/Bitmain

    The mining giant's claim ultimately failed and was discontinued after Bitmain suffered a series of interlocutory defeats (where its earlier default judgment was overturned and was even ordered to pay security for costs). As part of the terms of discontinuance, Bitmain was ordered to pay the trading platform's legal fees.

  3. Ethereum - Wikipedia

    en.wikipedia.org/wiki/Ethereum

    Ether (ETH) is the cryptocurrency generated in accordance with the Ethereum protocol as a reward to validators in a proof-of-stake system for adding blocks to the blockchain. Ether is represented in the state as an unsigned integer associated with each account, this being the account's ETH balance denominated in wei (10 18 wei = 1 ether). At ...

  4. Decentralized application - Wikipedia

    en.wikipedia.org/wiki/Decentralized_application

    A Bitcoin mining rig composed of dozens of graphics processing units. DApps distribute their tokens through three main mechanisms: mining, fund-raising and development. [7] In mining, tokens are distributed as per a predetermined algorithm as rewards to miners that secure the network through transaction verification. [7]

  5. Cryptocurrency - Wikipedia

    en.wikipedia.org/wiki/Cryptocurrency

    Critics have also identified a large electronic waste problem in disposing of mining rigs. [254] Mining hardware is improving at a fast rate, quickly resulting in older generations of hardware. [255] Bitcoin is the least energy-efficient cryptocurrency, using 707.6 kilowatt-hours of electricity per transaction. [256] Before June 2021, China was ...

  6. GPU mining - Wikipedia

    en.wikipedia.org/wiki/GPU_mining

    GPU mining is the use of Graphics Processing Units (GPUs) to "mine" proof-of-work cryptocurrencies, such as Bitcoin. [1] Miners receive rewards for performing computationally intensive work, such as calculating hashes, that amend and verify transactions on an open and decentralized ledger.

  7. Proof of stake - Wikipedia

    en.wikipedia.org/wiki/Proof_of_stake

    For a blockchain transaction to be recognized, it must be appended to the blockchain. In the proof of stake blockchain, the appending entities are named minters or validators (in the proof of work blockchains this task is carried out by the miners); [2] in most protocols, the validators receive a reward for doing so. [3]

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