Programmable Rollups
Programmable Rollups refer to a type of layer 2 scaling solution for blockchains that allow for customizable computation and execution of smart contracts off the main chain, while still leveraging the security of the main chain. This technology is designed to enhance scalability and efficiency in blockchain networks by handling transactions on a separate layer...
Prohashing
Prohashing is a multi-cryptocurrency mining pool that pays miners in any coin. It is a profit-switching sha-256 and scrypt mining pool that uses a system to identify the most profitable coins to mine and pays out daily in any coin of your choice. Prohashing: A Brief Overview Prohashing was launched in 2014 by two brothers,...
Proof of History (PoH)
Proof of History (PoH) is a consensus mechanism used in blockchain technology that helps to create a historical record that proves that an event has occurred at a specific moment in time. This mechanism is crucial for enhancing the efficiency and scalability of blockchain networks by reducing the need for extensive communication and confirmation between...
Proof of Knowledge
Definition of Proof of Knowledge Proof of Knowledge is a cryptographic protocol designed to demonstrate that a party possesses certain information without revealing the information itself. This concept is pivotal in enhancing security and privacy in digital communications and transactions. Recent Developments and Examples Recently, Proof of Knowledge has gained traction in various sectors, particularly...
Proof of Stake (PoS)
Proof of Stake (PoS) is a consensus mechanism used by blockchain networks to validate transactions and secure the network. Unlike its predecessor, Proof of Work (PoW), PoS achieves consensus through validators who stake their cryptocurrency as collateral to endorse and validate new transactions. Evolution and Mechanism of Proof of Stake The concept of Proof of...
Proof of Work (PoW)
A mining rig is a computer system used for mining cryptocurrencies, particularly Bitcoin and Ethereum. This specialized hardware is designed to solve complex computational problems, allowing the miner to add transactions to the blockchain and receive a reward in return. Understanding Mining Rigs Mining rigs can be a simple setup of a single computer or...
Proposer-Builder Separation (PBS)
Protocol Fees
Protocol fees refer to the charges imposed by a blockchain network for the processing of transactions and the execution of smart contracts. These fees are typically paid in the network's native cryptocurrency and are used to compensate validators or miners for their role in maintaining the network's security and operations. Recent data from Ethereum, one...
Prover
In the realm of blockchain technology and cryptocurrency, a "Prover" is an entity that generates a cryptographic proof to validate a specific transaction or operation. This is a fundamental component of the consensus mechanism in many blockchain systems, ensuring the integrity and security of transactions. Prover in the Blockchain Ecosystem Blockchain technology has revolutionized the...
Public Blockchain
A public blockchain is a decentralized network that anyone can join and participate in without restrictions. It operates on a consensus mechanism that ensures all transactions are transparent and immutable. Recent data shows that the market capitalization of cryptocurrencies operating on public blockchains has surged, with Bitcoin and Ethereum leading the pack. For instance, as...
Explore the MEXC Blog Glossary Archive to deepen your understanding of cryptocurrency and blockchain technology. This comprehensive resource features clear, easy-to-understand definitions of key crypto-related terms, concepts, and industry jargon. Whether you’re a beginner or an experienced trader, the glossary helps you stay informed, make smarter investment decisions, and navigate the fast-evolving crypto landscape with confidence. Start learning today and boost your crypto knowledge with MEXC!
