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What is the use of coin age in POS (how to mine POS coins)

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What is the use of coin age in POS (how to mine POS coins)

What is the use of coin age in pos? What are the calculation and utilization methods for coin age in POS? How to set up a block so that users can know whether the block has been activated during verification. Specifically, by using this process to determine whether a block has sufficient transaction packaging to succeed, this information will be automatically recorded on the network, which can determine the block’s release time as approximately one day or two months; Based on the current operation of the blockchain, if a node has 10 or more pieces of data (such as the transaction volume in the past 24 hours), its processing speed should be much faster than before Currently, mining applications related to POS have appeared on the market. However, due to various issues with these applications, such as the need to make changes to certain indicators for some projects, inability to ensure accuracy, etc., these issues can be resolved through the use of this software. Therefore, we want more people to learn the relevant technologies in POS systems, and at the same time, we can transform the relevant knowledge into specific tools to help developers quickly get started and improve performance

How to mine pos coins

Today, how to mine pos coins? How to obtain POS tokens under today’s POW mechanism? According to official information, the current total number of POS coins has exceeded 1 billion So how exactly can we obtain POS tokens by pledging them? The following is the Knowledge graph related to the pow project:

https://www.coinmarketcap.com/pos-token-rewards

1. Use pos to earn pos income: users need to deposit their assets in their wallets, and then generate a new account on Ethereum, which will first put the user’s funds into a smart contract, and then they can deposit; The second step is to click on “Create Account”, and this step is complete. This is equivalent to directly opening a new account, so you can quickly participate 2. Set transaction rate: 1/1 is 1pos, which means a minimum fee of 100pos can be obtained (each person’s cost is limited to one operation); 3. Choose the optimal handling fee strategy: Set the transaction rate according to your requirements and choose the optimal gas fee price.

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