Glossary

The Halving, also known as the Bitcoin Halving or Block Reward Halving, is an event that occurs approximately every four years in the Bitcoin network.

Proof of Work (PoW) is a consensus algorithm used in blockchain networks, including Bitcoin, to validate and secure transactions.

A mining pool is a collaborative network of miners who work together to mine cryptocurrencies more efficiently.

Block height, also known as block number, refers to the sequential number assigned to a specific block within a blockchain.

Block reward refers to the incentive or reward given to miners for successfully mining a new block in a blockchain network.

Blockchain is a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies.

Blocks are data structures within the blockchain database, where transaction data in a cryptocurrency blockchain are permanently recorded.

Difficulty in cryptocurrency mining refers to the level of computational challenge miners must overcome to successfully add new blocks to the blockchain.

ROI, or Return on Investment, indicates the percentage or ratio of the net profit generated from an investment compared to the initial investment amount.

SHA-256 (Secure Hash Algorithm 256-bit) is a widely used cryptographic hash function that generates a 256-bit signature for a text, used in Bitcoin proof-of-work (PoW).

A mining algorithm is a specific set of rules and calculations used in the process of cryptocurrency mining.

Hash rate, in the context of cryptocurrency mining, refers to the computational power or speed at which a mining machine or network can perform cryptographic hash functions.

An Application-Specific Integrated Circuit (ASIC) miner is a specialized hardware device designed specifically for a particular application, such as cryptocurrency mining.

Bitcoin is a decentralized digital currency, often referred to as a cryptocurrency. It was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto.