Mineable coins are cryptocurrencies that follow the Proof of Work (PoW) mechanism. On the other hand, Proof of Stake (PoS) cryptocurrencies are not mineable. Miners can mine PoW-based cryptocurrencies through the crypto mining process by solving complex cryptographic algorithms.

Crypto mining is crucial for validating crypto transactions and maintaining a decentralized blockchain network. Miners who successfully validate and add new blocks to the blockchain ledger will get incentivized with freshly mined cryptocurrencies. Thus, mineable coins are vital to maintaining a decentralized blockchain network. Let’s explore mineable coins in more detail in this blog.

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