What is a Community Driven coin ?

What is a Community Driven coin ?

A Community driven coin is a cryptocurrency project that is has no specified owner and of course not a company structure behind it or a CEO deciding for its future. Instead of it , it has Community-driven development that provides the control of the development...
What is a blockchain explorer?

What is a blockchain explorer?

A block explorer allows you to explore the whole blockchain of the cryptocurrency you are using.   Can I use one explorer for every coin? Definitely no! It needs to be underlined that you can’t use a block explorer for a blockchain it wasn’t meant for. For...
What is Proof of Work (PoW)?

What is Proof of Work (PoW)?

In a cryptocurrency network the users send each other digital coins. A decentralized ledger gathers all the transactions into blocks. However, the confirmation of the transactions and the arrangement of blocks are necessary. Proof-of-Work, or PoW, is the default...
What is FIAT currency?

What is FIAT currency?

Fiat currency or (fiat money) is currency that is issued by governments and central banks and is not backed by a precious commodity, such as gold or silver. Instead of this, the government or central bank that issued it is backing it up. The term fiat derives from the...
What is “Premining”

What is “Premining”

Premining is the creation of a number of crypto coins before the cryptocurrency is launched to the public and their allocation to specified coin addresses. Premining has a negative connotation in the cryptospace due to the ability of developers to privately mine and...
What is “Instamining”?

What is “Instamining”?

Instamining (from the words “instant” and “mining”) is usually used alternatively for premining in the cases where closed groups , usually consisted of the developers of a cryptocurrency project, mine a huge number of the coins before launching...

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