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Hashrate A succinct definition of Hashrate HashrateLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHASHRATECopy linkShare on TwitterShare on FacebookShare on LinkedinHashrateIn blockchain, hashrate refers to the speed at which a computer or network of computers is able to perform operations in the hashing algorithm. Hashing is a fundamental process of blockchain technology, and it involves taking input data and transforming it into a fixed-size string of characters.The hashrate …
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Proof of History (PoH) A succinct definition of Proof of History (PoH) Proof of History (PoH)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPROOF OF HISTORY (POH)Copy linkShare on TwitterShare on FacebookShare on LinkedinProof of History (PoH)Proof of History (PoH) is a sequence of computations that enables nodes to cryptographically verify the time between two events. This consensus mechanism allows for ‘timestamps’ to be built directly onto the blockchain itself, informin…
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Hashpower A succinct definition of Hashpower HashpowerLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHASHPOWERCopy linkShare on TwitterShare on FacebookShare on LinkedinHashpowerHashpower, also known as hashrate, refers to the total computational power used in blockchain networks to solve cryptographic puzzles necessary for mining, processing, and validating transactions. It is a key metric in Proof of Work (PoW) blockchains like Bitcoin, where it helps secure the network and m…
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…Bitcoin mining nodes store the entire blockchain and include Application-Specific Integrated Circuit (ASIC) hardware to process cryptographic hash functions and add blocks to the blockchain. Since mining nodes compete with each other to be the first to create a new block and claim a reward, they require very powerful and energy-intensive hardware. When miners are the first to create a new block, they receive new bitcoins, known as mining rewards. In addition to incentivising miners, this helps…
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…Bitcoin mining nodes store the entire blockchain and include Application-Specific Integrated Circuit (ASIC) hardware to process cryptographic hash functions and add blocks to the blockchain. Since mining nodes compete with each other to be the first to create a new block and claim a reward, they require very powerful and energy-intensive hardware. When miners are the first to create a new block, they receive new bitcoins, known as mining rewards. In addition to incentivising miners, this helps…
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Litecoin vs Bitcoin Cash: Comparing Two Bitcoin Offshoots With Divergent Goals Compare Litecoin’s faster, lower-cost transactions and Bitcoin Cash’s commitment to better scalability and peer-to-peer payments. Litecoin vs Bitcoin Cash: Comparing Two Bitcoin Offshoots With Divergent GoalsLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYAltcoinsYESTERDAY|BEGINNERS|1 MIN READLitecoin vs Bitcoin Cash: Comparing Two Bitcoin Offshoots With Divergent GoalsCompare Litecoin’s faste…
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Ethereum vs Dogecoin: Two Different Approaches to Utility in Cryptocurrency Explore Ethereum and Dogecoin, comparing Ethereum’s broad ecosystem versus Dogecoin’s meme-driven appeal and use as a digital currency. Ethereum vs Dogecoin: Two Different Approaches to Utility in CryptocurrencyLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYAltcoins11 Jun 2025|BEGINNERS|1 MIN READEthereum vs Dogecoin: Two Different Approaches to Utility in CryptocurrencyExplore Ethereum and Dogeco…
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Blockchain A succinct definition of Blockchain BlockchainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBLOCKCHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinBlockchainBlockchain is the underlying technology behind cryptocurrencies. A type of distributed ledger technology (DLT), blockchain is a database mechanism that facilitates the recording of transactions online. Information on a blockchain is encrypted and managed in a decentralised and trustless manner.Some…
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Verifiable Delay Functions (VDFs) A succinct definition of Verifiable Delay Functions (VDFs) Verifiable Delay Functions (VDFs)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYVERIFIABLE DELAY FUNCTIONS (VDFS)Copy linkShare on TwitterShare on FacebookShare on LinkedinVerifiable Delay Functions (VDFs)Verifiable Delay Functions (VDFs) are cryptographic constructs essential for the security and efficiency of blockchain and cryptocurrency. In simple terms, a VDF is a mathematical puzz…
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Nonce A succinct definition of Nonce NonceLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYNONCECopy linkShare on TwitterShare on FacebookShare on LinkedinNonceIn cryptography, a nonce is used for securing communication, as it comes in the form of a non-repeated number. On Ethereum and various smart contract platforms, a nonce is used to segregate and sequence transactions. It is an arbitrary number generated only once by a miner when they hash a transaction. For Ethereum, a nonc…
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