BUIDL Launchpad is now live! 🎉

Mining Algorithm

A mining algorithm refers to the sets of rules and instructions imposed in the form of a computer program to validate a block. Mining has become one of the most integral parts of the blockchain.

There are a plethora of mining algorithms that are currently being used to mine cryptocurrencies. SHA-256 is the most commonly used algorithm created by the NSA. SHA is the abbreviation for the secure hash algorithm.

Looking for more content to learn about Web3?
Subscribe to our newsletter for weekly updates 👇

Connect with us