Fairly-mined refers to blockchain-based miningMining verifies and records cryptocurrency transactions on a digital ledger (blockchain). The approval or verification process for adding new transactions... Read More where miners receive fair compensation for their efforts. With traditional methods, miners often do not receive fair compensation for their work. BlockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... Read More technology allows anyone to participate in the mining process, regardless of location or resources. This approach makes the distribution of new tokens more fair and equitable. A fairly-mined model maintains fairness and transparencyTransparency in blockchain technology refers to the immutability and public nature of the ledger—allowing anyone to view transactions on the... Read More to ensure all participants have an equal opportunity to earn rewards. In fairly-mined models, regular adjustment to the difficulty required to achieve a block rewardA block reward is a payment made by a cryptocurrency network to miners for each valid block they mine. The... Read More ensures blockA block is a specific type of construct in a blockchain that stores transactional information blocks typically contain transaction information... Read More production remains steady.
