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Proof of Activity Definition
Proof of activity is the blockchain consensus algorithm based on a hybrid approach.
Proof of Work (PoW) Definition
Proof of work describes the process that allows the bitcoin network to remain robust by making the process of mining, or recording transactions, difficult.
Target Hash Definition
A target hash sets the difficulty for cryptocurrency mining using a proof-of-work (PoW) blockchain system.
Ether (ETH) Definition
Ether is the cryptocurrency of the Ethereum network. All of the programs linked with the Ethereum network require computing power; Ether is the token that is used to pay for this power.
Cardano (ADA) Definition
Cardano is a blockchain and smart contracts platform with a cryptocurrency called ada. Find out how Cardano works and how miners earn rewards.
An Altcoin is an alternate cryptocurrency other than Bitcoin. Learn about Altcoins, how they work, and which are the most popular.
Obelisk Consensus Algorithm Definition
Used by SkyCoin, the Obelisk consensus algorithm was created in order to address the shortcomings of proof-of-stake (PoS) and proof-of-work (PoW) algorithms and to allow cryptocurrencies to be used as mainstream currencies.
Bit Gold Definition
Bit gold was one of the earliest attempts at creating a decentralized virtual currency, proposed by blockchain pioneer Nick Szabo in 1998.
Namecoin aims to "[free] DNS, identities, and other technology" related to the infrastructure of the Internet.
Proof of Capacity (Cryptocurrency) Definition
Proof of Capacity is a consensus mechanism that uses a mining node’s hard drive space to decide the mining rights on the blockchain network.