RE: LeoThread 2025-01-31 15:41
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Nice! I may have said this before, but I have to check into this mining thing.
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You are viewing a single comment's thread:
Nice! I may have said this before, but I have to check into this mining thing.
Yeah, it's one of the major fundamentals of how a blockchain operates. Some chains like Bitcoin, Litecoin, Dogecoin, and Monero are all based on a 'proof of work' functionality that relies on miners to solve the calculations that produces the blocks. Other chains like Hive, Ethereum, Solana and others are proof of stake chains, where you basically stake your coins with your choice of 'validators' or 'witnesses' who are the block producers in this case. It's like a popularity contest instead of a resource contest. With proof of work, you just add more machines, in proof of stake, you have to basically campaign for votes.