Mineable is a term used to describe crypto coins or tokens that can be mined or generated through the process of mining on a blockchain network. In the context of blockchain, a mineable coin or token is a crypto asset that can be generated by a miner through the mining process. Mining involves solving complex mathematical or cryptographic problems using computing power to verify transactions and create new blocks in the blockchain.
When miners successfully verify new blocks, they will receive rewards in the form of new coins or tokens as an incentive for their contribution in maintaining the security and integrity of the blockchain network. The amount of rewards miners receive is usually determined by the blockchain protocol and can vary depending on the difficulty of mining and the amount of computing resources used. Some popular crypto coins or tokens that are mineable include Bitcoin, Ethereum (before switching to Proof of Stake), Litecoin, and Monero. However, there are also coins or tokens that are not mineable, which means they cannot be mined and can only be obtained through other methods such as purchase or exchange.
What is Mineable in crypto?
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