What exactly is NibbleClassic?

NibbleClassic is a blockchain based currency. the currency can only be brought into circulation through the process of mining.

 

There can only ever be a maximum supply of 210,000,000 complete units in circulation.

 

Each block has a target of 150 seconds giving a reward which constantly reduces.

What's a blockchain currency?

A system in which a record of transactions made in cryptocurrency are maintained across several computers that are linked in a peer-to-peer network.

 

Ok, so let's take this one step at a time...

 

These are the bits we need to understand, and best understood in the following order:

 

What's a block?

What makes up a blockchain?

Where do the transactions get recorded?

What's the mining process?

What's decentralization?

What can I do with my cryptocurrency?

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