Cryptocurrency mining is the process by which a category of blockchain users, also known as miners, verify transactions initiated on the network. They are also responsible for arranging these transactions in the form of interconnected blocks.
Ethereum Classic (ETC) is a decentralised, blockchain-based, open-source computing platform, as well as a cryptocurrency. It allows developers to build and deploy smart contracts—autonomous, self-executing code blocks that trigger certain actions based on predefined conditions.
Comparing our data from 2020 to 2018, we have seen a rise in accounts opened by people in their 20s in the first half of 2020. Throughout our user bases in Europe, the US and Japan, people in their 20s make up the largest percentage of account holders, which was not the case in 2018.
Introduced formally with Bitcoin’s release in 2008, blockchains are fairly new. Given its nascent state, the technology is constantly evolving. Innovations are driving this domain, with structural and functional changes happening almost every other day.
Bitcoin is more like a commodity than a currency. Bitcoin has been called digital gold. Although Bitcoin has been called a virtual asset, it has more in common with commodities such as gold.
