Why do we need to double dig DCR (double dig more)

08/05/2023 06:11 • Tech Ticker • 94 views

Why double dig dcr Editor’s note: This article is from Orange Peel Book (ID: chengpishu), reprinted by the Daily Planet with authorization Why does DCR need to double dig? The reason is simple, because there are some problems when mining on Ethereum:

First, there is a large amount of money; The second is the situation of poor system performance and high gas costs; Thirdly, the project party is unwilling to bear the loss of transaction fees and other issues. If the transaction cost on Ethereum is high, then users should buy the dapp on Ethereum at this time. And when you save ETH into a smart contract, you need to spend a lot of money to replace it. So we designed a dual mining mechanism, and to address these pain points, DCR adopted a “locked warehouse mining” approach to achieve the purpose of dual mining DCR, which is to enable users participating in DCR mining to gain profits For a project, by using a separate mining method, the user’s DCR can be pledged into two different accounts, so that there is no need to create a new wallet for their account, and they can also choose the application they want to use to run their mining nodes. In this case, DCR will first provide the user with an address, and then use this address to exchange for other tokens. However, for a project, due to insufficient liquidity and no incentive measures, it is difficult to attract more people to join. Another method is to start directly from one address and then continue holding your DCR from another address. In this way, you can decide whether to use other platforms or exchanges to dig their coins based on your own needs. Of course, there is another way for everyone to earn tokens together through two different modes. What is double excavation? Why do we need to do double dig DCR? Here is an interesting idea. It is a very common attempt to establish a two-layer network in the Ethereum blockchain. When building applications on the Ethereum chain, they can also connect to another public chain through two different channels. The most obvious of these is the network of two channels – Ethernet and Bitcoin. The difference between the two is that the first channel allows users to have multiple private keys at the same time, the second channel allows users to store multiple public keys at the same time, and the last channel allows users to share the same password and private key However, the reason why developers on the Ethernet do not like this protocol is also because it allows users to transfer value and create larger assets between different blockchains, thereby reducing the demand for centralized servers and intermediaries. Moreover, in the DCR network, each miner can contribute a certain amount of block rewards to improve network security, which also leads to a very significant implementation effect of dual mining. The reason why DCR is considered the most preferred solution is mainly because its consensus algorithm design philosophy is relatively conservative, so it cannot guarantee a throughput rate of only about 20000 transactions per second On the basis of the Ethernet chain, the development team has proposed a new expansion solution: a sharded expansion solution

Multiple Digging and Double Digging

According to official news, Coin Printing Mining Pool has announced its support for the multiple digging and double digging mechanism: that is, two halving and forking actions will be taken simultaneously during the rise of Bitcoin prices When excavating new blocks, due to the fixed height of the blocks, nodes can choose different difficulty adjustment coefficients (TWAP) according to their own needs, thereby improving network stability. With the gradual implementation of PoW, the new and old chains will gradually form a new alliance chain ecosystem At present, Coin Printing has launched a multi excavation and double excavation scheme and launched three major trading pairs: “HBTC”, “ETH”, and “HT”.

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Why do we need to double dig DCR (double dig more)

Multiple Digging and Double Digging

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