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Our FAQ section on our crypto learning website answers common questions and concerns regarding cryptocurrency. From blockchain technology to wallets and exchanges, our comprehensive FAQ covers a wide range of topics to help you deepen your understanding of crypto.
How do smart contracts work?
Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. They allow for automated transactions and can be used to facilitate complex agreements without the need for intermediaries.
What is a fork in cryptocurrency?
A fork is a change to the software of a blockchain network. It can be a hard fork, which creates a new blockchain that is incompatible with the old one, or a soft fork, which is a backward-compatible update. Forks can be planned or unplanned and can have significant implications for the cryptocurrency community.
What is a mining pool?
A mining pool is a group of miners who combine their computing power to increase their chances of solving a block and receiving the associated reward. By pooling their resources, miners can earn a more consistent income than they would on their own.
What is the difference between a public and a private blockchain?
A public blockchain is open to anyone to join and participate in the network. Transactions on a public blockchain are transparent and can be seen by anyone. A private blockchain, on the other hand, is restricted to a specific group of participants who are granted permission to join. Transactions on a private blockchain are not visible to the public.
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