Glossary - ChicksX

Mineable is a term used to describe cryptocurrencies that can be created through computational processes like mining.

Mineable refers to cryptocurrencies that are generated through a process called mining. This involves using computational power to solve complex mathematical problems, which validates and records transactions on the blockchain. Successful miners are rewarded with new coins, making it a decentralized process of issuing new currency. Bitcoin and Ethereum (prior to Ethereum 2.0) are examples of mineable cryptocurrencies. Non-mineable cryptocurrencies, in contrast, are typically issued all at once or through a different process, like staking. Understanding whether a cryptocurrency is mineable helps determine its creation and distribution method.