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Ethereum Classic is a blockchain -based distributed computing platform that offers smart contract (scripting) functionality. [ 1 ] It is open source and supports a modified version of Nakamoto consensus via transaction-based state transitions executed on a public Ethereum Virtual Machine (EVM). Ethereum Classic maintains the original, unaltered ...
Ethereum. Ethereum is a decentralized blockchain with smart contract functionality. Ether (abbreviation: ETH[a]) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. [2][3] It is open-source software.
Proof of stake. Appearance. Not to be confused with Proof of space. Proof-of-stake (PoS) protocols are a class of consensus mechanisms for blockchains that work by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work (POW) schemes.
scrypt. In cryptography, scrypt (pronounced "ess crypt" [1]) is a password-based key derivation function created by Colin Percival in March 2009, originally for the Tarsnap online backup service. [2][3] The algorithm was specifically designed to make it costly to perform large-scale custom hardware attacks by requiring large amounts of memory.
metamask.io. MetaMaskis a softwarecryptocurrency walletused to interact with the Ethereumblockchain. It allows users to access their Ethereum wallet through a browser extensionor mobile app, which can then be used to interact with decentralized applications.
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. GPUs can be especially performant at calculating such ...
Net smelter return. Net Smelter Return (NSR) is the net revenue that the owner of a mining property receives from the sale of the mine's metal/non metal products less transportation and refining costs. As a royalty it refers to the fraction of net smelter return that a mine operator is obligated to pay the owner of the royalty agreement.
In surface mining, stripping ratio or strip ratio refers to the amount of waste (or overburden) that must be removed to release a given ore quantity. [1][2] It is a number or ratio that express how much waste is mined per unit of ore. The units of a stripping ratio can vary between mine types. For example, in coal mining the stripping ratio is ...