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Mining crypto as a business | Frequently asked questions How is investing in crypto different from investing in stocks? Proof-of-work PoW : This incentive system is a computer-intensive consensus protocol that requires validators known as miners to compete using expensive equipment in order to generate a winning code that grants them the right to add a new block of transactions to the blockchain. In instances where a crypto holder loses access to his or her private key , the cryptocurrencies associated with such keys could be lost permanently. Centralized exchanges act as a third party overseeing transactions to give customers confidence that they are getting what they pay for. Cryptocurrencies Categories. |
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