What are the distinctions between nono and yes when it comes to cryptocurrency?

3 answers

• Dec 26, 2021 · 3 years ago
  Sure! When it comes to cryptocurrency, 'nono' refers to non-mineable coins, which means they cannot be created through mining. These coins are usually pre-mined or distributed through other means. On the other hand, 'yes' refers to mineable coins, which can be created through mining. Miners use powerful computers to solve complex mathematical problems and validate transactions on the blockchain, thus earning new coins as a reward. So, the main distinction between nono and yes in cryptocurrency is whether the coins can be mined or not.
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• Dec 26, 2021 · 3 years ago
  Nono and yes are terms used to differentiate between different types of cryptocurrencies. 'Nono' typically refers to non-mineable coins, which have a fixed supply and cannot be created through mining. These coins are often created in advance and distributed through initial coin offerings (ICOs) or other methods. 'Yes' refers to mineable coins, which can be created through mining. Miners use their computational power to solve complex algorithms and validate transactions, earning new coins as a reward. So, the key distinction between nono and yes lies in the method of coin creation.
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• Dec 26, 2021 · 3 years ago
  When it comes to cryptocurrency, the distinction between nono and yes is quite simple. 'Nono' refers to non-mineable coins, which means they cannot be mined. These coins are usually created in advance and distributed through various methods, such as ICOs or airdrops. On the other hand, 'yes' refers to mineable coins, which can be mined by individuals or mining pools. Miners use specialized hardware to solve mathematical problems and validate transactions, earning new coins as a reward. So, if you're looking to mine cryptocurrency, you'll want to focus on 'yes' coins.
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