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Block

Every transaction within a blockchain is stored in so called blocks... large amounts of blocks are actually forming the blockchain. With POW currencies, once a block is filled, the miners get rewarded with certain amount of the particular coin. This is what the mining process is about actually.


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Crypto Glossary
Mining Pool
The mining reward for a completed block is awarded to that particular miner…
KYC
Know Your Customer (Client) ... the process of verifying the identity of cl…
Centralized
In terms of Crypto currencies and Blochain technology, "centralized" refers…
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