The miner of digital currency
mining is a nickname for the exploration method of acquiring bitcoin. Because of its working principle is very similar to mining minerals, so named. In addition, bitcoin explorers who do mining work are also known as miners
bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system
bitcoin network will automatically adjust the difficulty of mathematical problems, so that the whole network can get a qualified answer about every 10 minutes
then the bitcoin network will generate a certain amount of bitcoin as a reward to reward the person who gets the answer
extended data:
to be a miner, just "mine" bitcoin and search for 64 bit numbers by computer. By repeatedly decrypting with a computer, it competes with other gold miners to provide the number needed for the bitcoin network
if the computer can successfully create a set of numbers, it will get 25 bitcoins. Bitcoin is decentralized. It needs to create a fixed number of bitcoins per unit of computing time. It can get 25 bitcoins every 10 minutes
by 2140, the upper limit of bitcoin in circulation will reach 21 million. In other words, bitcoin system can be self-sufficient, which can be translated into coding to resist inflation and prevent others from sabotaging< br />
2. Digital currency is a kind of unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
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this should be a new term rising after "Tongzheng economy" last year. Compared with the token economy, the pledge economy actually has a much greater interest relationship with our ordinary investors
so today's DDS distributed storage ecological community editor will share with you what is pledge economy and how is its investment
pledge economy is also a kind of mining in essence, but it is different from what we usually call bitcoin mining and Ethereum mining
bitcoin, lightcoin, Ethereum, BCH and other digital currencies are all based on proof of work (POW). Therefore, under this mechanism, the generation of new currencies is all competitive power, so there are all kinds of mining machines. At present, the most popular mining machine with the highest market share is bitmainland mining machine
when we want to participate in the mining of these digital currencies, we usually go to the market to buy mining machines, and then find our own machine room or entrust the mining machines to large mines for operation. The money that the miner digs every day, excluding electricity and operating expenses, is the net income
"piling" is another mining method. Usually, digital currency based on proof of equity (POS) and proxy proof of equity (dpos) adopts this mining method
in this mining method, the nodes in the blockchain system do not need too much computing power, but only need to pledge a certain number of tokens, which can generate new currency after running for a period of time, and the generated new currency is the income obtained through pledge
this is equivalent to that we can deposit money in the bank and get a certain amount of interest every year
2. What are the currencies that support the pledge economy
when the main network of EOS went online last year, the voting of the main node officially opened the prelude of stacking
it is 2020 that really makes this way hot. Since the beginning of this year, a series of digital currencies have been launched in the form of pledge. On the one hand, in order to recruit nodes, the project side carries out extensive publicity. In addition, the powerful operators are willing to cooperate with the project side as nodes to obtain stable income
as a result, the pledge mining economy is booming both inside and outside the circle
data distributed storage (DDS) is also a pledge mining mode
the DDS application circulates and pays for the charging services of the whole ecosystem app, such as: annual fee of video website, online ecation, online Red live broadcast, games, movies, catering, takeout, social networking, etc
DDS issuing mechanism: no private placement, no node selling, no project party. As you go in, as you go out, as you dig, as you sell. There is no big business. Human risk control and ecological empowerment
1. Total distribution: the total distribution of DDS is 180 million, with a constant total. The issue price is anchored at 0.5usdt
2. Design principle: the DDS team made a statistical analysis on the blockchains of data storage related instries with high return on investment in the world and drew a scatter diagram. The analysis results show that, combined with the user experience that the unit price of issue is easy to measure, the total amount of issue is 180 million
3. Distribution ratio:
5% candy distribution
5% pledge circulation
90% mining
according to the number of miners contribution space size mining, strictly in accordance with the hardware equipment involved in mining quantity, pledge certificate and mining output, token price, three trigonometric function output. In the second year, the annual output will be reced by half, and in the eighth year, the remaining output will be excavated.