MNB

Mineable cryptocurrencies are digital assets that can be obtained through the mining process. This involves using computational power to solve complex mathematical problems, which validates transactions and secures the blockchain network。Miners are rewarded with new coins for their efforts, contributing to the circulation of the cryptocurrency。Examples of mineable coins include Bitcoin, Ethereum, and Litecoin, which use Proof of Work (PoW) as their consensus mechanism。These cryptocurrencies are designed with a limited supply, creating scarcity and potentially increasing value over time。However, mining can be resource-intensive and requires specialized hardware, making it less accessible to the general public。The term “mineable” emerged with the advent of Bitcoin and the PoW consensus mechanism, highlighting the digital analogy to traditional mining of valuable resources。