Proof-of-Work (PoW) Crypto Mining
The backbone of cryptocurrency is blockchain, and it takes many computers working in parallel to create a secure, working cryptocurrency. Behind many of the most popular currencies, including Bitcoin and Litecoin, is an algorithm called proof of work (PoW). Under proof of work, computers around the world called miners compete against each other to solve complex equations. The winner can verify the next block of transactions and earns a reward. If you have a spare computer at home, you can tur...
Proof-of-Work (PoW) Crypto Mining
The backbone of cryptocurrency is blockchain, and it takes many computers working in parallel to create a secure, working cryptocurrency. Behind many of the most popular currencies, including Bitcoin and Litecoin, is an algorithm called proof of work (PoW). Under proof of work, computers around the world called miners compete against each other to solve complex equations. The winner can verify the next block of transactions and earns a reward. If you have a spare computer at home, you can tur...
Arbitrum Activity Spikes as Airdrop Hunters Flood the Network
Airdrop hunters have been flocking to the Arbitrum layer-2 network in hope of landing some free crypto. On Nov. 2, crypto research firm Delphi Digital reported an increase in activity on Arbitrum. It stated that 62% of this week’s Ethereum transactions have been on Arbitrum, marking a 550% surge since August. It added that weekly active users on Offchain Labs’ platform have also spiked in October. Since Oct. 10, weekly active users have grown 125% to reach a new all-time high of 282,000, it n...
Arbitrum Activity Spikes as Airdrop Hunters Flood the Network
Airdrop hunters have been flocking to the Arbitrum layer-2 network in hope of landing some free crypto. On Nov. 2, crypto research firm Delphi Digital reported an increase in activity on Arbitrum. It stated that 62% of this week’s Ethereum transactions have been on Arbitrum, marking a 550% surge since August. It added that weekly active users on Offchain Labs’ platform have also spiked in October. Since Oct. 10, weekly active users have grown 125% to reach a new all-time high of 282,000, it n...
