Premine
Definition, Meaning & Examples
Part of speech verb
Quick meaning: Premine is a verb meaning (transitive) To mine (units of a cryptocurrency) in advance of that currency being made available to the public.
Meaning
(transitive) To mine (units of a cryptocurrency) in advance of that currency being made available to the public.
More Meanings
- An instance of premining.
Example Sentences
"Premining" is where the currency creator mines a certain amount of coins for themselves before they release the currency for other miners.
Podcast host and Bitcoin enthusiast Matt Odell brought up these criticisms in October 2018 and Vitalik responded on Twitter, “I personally am really proud to have helped set the precedent of small premines being legitimate. […]
Word Forms
- premines
- premining
- premined
Related Words
Related dictionary entries include pre-mine, premanufacture, premake, foremake, premachine, predose.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.