Cloud Mining is the blockchain process of transaction validation utilizing a remote data-center with shared processing power. The blockchain mining rigs are housed and maintained in a facility owned by mining company and the customer simply needs to register and purchase mining contracts or shares.
Smart Contract is a blockchain protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. These transactions are trackable and irreversible.
The Secure Hash Algorithms are a family of cryptographic hash functions widely used for security of blockchain applications, published by the National Institute of Standards and Technology (NIST) as a U.S. Federal Information Processing Standard (FIPS).
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