Zcash Sets NU7 Mainnet Target at Block 3,543,405 Around November 5
Zcash developers agree on NU7’s activation block near November 5, targeting 25-second blocks while specification and node-software updates remain pending.
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Hash Rate
Hash rate measures the total computing power used to secure a proof-of-work blockchain and process transactions.
Block Reward
A block reward is the cryptocurrency incentive earned for creating or validating a new block on a blockchain network.
Consensus Mechanism
A consensus mechanism is the process blockchains use to validate transactions and agree on a shared, secure ledger.
Mining
Mining is the process of validating blockchain transactions and creating new coins using computational power on proof-of-work networks.
What is Bitcoin: A Beginner’s Guide to the World’s First Cryptocurrency
Bitcoin introduced a new model for moving and storing value online without banks or central issuers. For beginners, it remains the clearest starting point for understanding…