Glossary: Transaction Fee
Extra payment users attach to crypto transactions to incentivize miners to include them in blocks—a bonus on top of the block reward.
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Glossary: UTXO
UTXO (Unspent Transaction Output) represents spendable cryptocurrency — like digital coins you can use. Essential for understanding Bitcoin transactions.
Glossary: SHA-256
SHA-256 is the cryptographic hash algorithm used by Bitcoin and some other cryptocurrencies for mining and securing their blockchains.
Glossary: RandomX
RandomX is a CPU-optimized mining algorithm designed to resist ASICs and FPGAs by using random code execution and memory-intensive operations.
Glossary: KAWPOW
KAWPOW is a GPU-friendly mining algorithm used by Ravencoin that resists ASIC mining through random program generation and memory-intensive operations.
Glossary: Equihash
Equihash is a memory-hard mining algorithm designed to resist ASICs and favor GPU mining through high RAM requirements.
Glossary: Blake3
Blake3 is a cryptographic hashing algorithm used by some cryptocurrencies for mining, designed to be extremely fast on both CPUs and GPUs.
Glossary: ASIC
An ASIC miner is specialized hardware built to mine one specific cryptocurrency algorithm with maximum efficiency and speed.
Glossary: FPGA
FPGA (Field-Programmable Gate Array) is a reprogrammable chip that can be configured for crypto mining, offering flexibility between ASICs and GPUs.
Glossary: Bitaxe
An open-source, compact Bitcoin ASIC miner designed for home solo mining, using single mining chips to deliver 200-700 GH/s at ultra-low power consumption.