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What does Bytom use to mine (bnt mining)

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bytom uses what mining

bytom uses what mining according to official information, bytom uses what mining? Bitcoin blockchain producers are nodes responsible for verifying transactions and executing the entire blockchain network. In the ByTOM protocol, Proof of work, Proof of Stake, and consensus algorithms run together with Proof of work. By voting on these participants, decisions are made based on factors such as block time and number of rewards. This allows everyone to receive much more coin rewards than others

At present, there are two mining methods in the market. One is mining on Ethereum, which uses ERC20 token on Ethereum as collateral to purchase ETH. The other is that 32 BTCs are directly added to Ethereum for mining by liquidity providers, and then issued to other users of encrypted assets

bnt mining

The official news is that bnt mining (BNT) is a new type of Cryptocurrency, which is characterized by “mixed consensus mechanism” and Zero-knowledge proof for protection. By introducing new PoW algorithms and sharding techniques, network security is ensured. At present, this algorithm has been running on Polygon, Coin Security Intelligent Chain (BSC), and Huo Coin Ecological Chain HECO. Users can participate in rewards and other mining activities by pledging BNT It is reported that BT mining is based on the decentralized protocol on the BTC blockchain.

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