Stale Block
Riccardo Dondi
A stale block, or orphaned block, is a valid but discarded block in a blockchain, occurring when two miners produce blocks simultaneously but only one is accepted.
cryptocurrency mining
Scrypt Algorithm
The Scrypt algorithm, crucial in cryptocurrency, ensures enhanced security, decentralization, and accessibility, despite its resource-intensive nature and scalability issues.
Orphaned Block
An orphaned block in cryptocurrency is a block solved but not accepted into the main blockchain, often due to simultaneous block solving by miners.
Orphan Block
An orphan block in cryptocurrency refers to a valid block not included in the main blockchain, occurring when two miners solve a block simultaneously.
Mining Pool
A mining pool is a group of cryptocurrency miners combining resources for higher success rates and steady income, with some risks like centralization and fees.
Mining
Mining is crucial for creating new cryptocurrency tokens, verifying transactions, and securing the blockchain, using methods like Proof of Work and Proof of Stake.
Hash Rate
Hash rate measures the computational power used in mining and processing blockchain transactions, crucial for network security, mining rewards, and overall network health.
Block Reward
A block reward is the incentive given to miners for validating and adding a new block to the blockchain, consisting of newly minted coins and transaction fees.