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Odin power

Publish: 2021-03-25 01:17:40
1.

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2. The only way for a miner on Odin chain to obtain POC power is to destroy the original coin, which requires the miner to purchase or obtain Odin by other means. At the same time, miners need to destroy the Odin coin on the Odin public chain when they participate in mining. After destruction, POC rights will be generated from the wallet address, and the Odin obtained from mining will be allocated to the main chain wallet through POC rights proof. The POC conversion of Odin is that one unit of POC is equal to 6.4 Odin tokens.
3. (1) In terms of mining methods, Odin chain uses POC to prove rights and interests, and "uses Odin to dig Odin", while BTC uses mining machine to mine
(2) in terms of issuing mechanism, Odin is the issuing mechanism anchored by intrinsic value, and BTC is the issuing mechanism anchored by extrinsic value
(3) in terms of issuing process, Odin is a process from "Odin to computing power and then to Odin", while BTC is a process from "legal money to mining machinery (electricity / site / manufacturer) and then to BTC".
4. Odin chain uses a unique POC equity proof method to form a reverse value storage logic. Computing power must be obtained through the destruction of Odin coins. When the amount of stored and unfinished tokens reaches the balance point of qualitative change, the price of coins will rise. This is his basic value storage logic.
5. The POC equity proof of Odin chain determines that Odin currency will continue to deflate in the future, but not just deflation. If the total flux of Odin is too large, it will lead to the price drop, and the price drop will lead to more spontaneous destruction. Miners will buy Odin from the market at low price, which will increase the computing power. This will lead to the rection of the market circulation quantity and the rise of Odin price. Therefore, the POC of Odin chain proved to be like an "invisible hand of God" indirectly regulating the market circulation of Odin.
6. Odin chain is committed to using blockchain technology and smart contract to solve the blockchain project of false advertising and false data in Internet advertising. Odin is the original currency on Odin chain, and also the first reverse value anchored mining currency in the world. Odin chain created a unique consensus mechanism of POC (proof of rights and interests). Miners' mining output must be obtained through the destruction of Odin original currency. The process of destruction is the process of value anchoring
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