Mining, Mempool and Mega Hash

For anyone unfamiliar with cryptocurrencies and the technical aspects behind them, the first thing that comes to mind when the term “mining” emerges probably has to do with raw mineral extraction, rather than coding.

Let us kick off the midway point of our Crypto Terminology: A to Z series with vernacular from the mining sector of the crypto industry today. 

Most cryptocurrencies that exist on the market at present have been processed by miners. Miners solve cryptographic equations to obtain more cryptocurrency as rewards, validate data blocks and facilitate crypto-related transactions on a blockchain network.