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What currency is MERL? What does MERL coin mean?
The MERL coin, native to the Merkle Network, incentivizes node operators for securing and maintaining a decentralized data verification network built upon the principles of the Merkle-Damgård hash function.
Oct 12, 2024 at 02:11 pm
1. What is MERL?
MERL is the native cryptocurrency of the Merkle Network, a decentralized data sorting and verification network. It serves as a reward for node operators who contribute to securing and maintaining the network.
2. MERL Coin Meaning
The MERL coin derives its name from the Merkle-Damgård hash function, a cryptographic technique used in the network's consensus mechanism. The hash function is employed to combine data blocks into a compact summary called a Merkle tree, which enhances data verification and integrity.
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