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Overview of cryptocurrency mining: what it is, how it works
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[QUOTE="HOLA, post: 303479, member: 97887"] there are other types of cryptocurrency mining algorithms, such as proof-of-capacity (PoC), proof-of-authority (PoA), and delegated proof-of-stake (DPoS). PoC is similar to PoW, but instead of using computing power to solve mathematical puzzles, miners use their available disk space to store and retrieve data. PoA is a consensus algorithm that relies on a group of trusted validators who are pre-selected to validate transactions on the network. This type of mining is often used in private blockchain networks. DPoS is a variation of PoS where token holders vote for delegates who are responsible for validating transactions and creating new blocks. The selected delegates are rewarded with newly minted tokens for their efforts. DPoS is used by some popular cryptocurrencies such as EOS and Tron. Overall, cryptocurrency mining plays a critical role in maintaining the security and integrity of blockchain networks, and it allows for the creation of new tokens as an incentive for miners to participate in the network. [/QUOTE]
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Overview of cryptocurrency mining: what it is, how it works
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