What are mining shares (smoothy mining)
What are mining shares Mining shares is a yield aggregator built on the Ethereu
What are mining shares Mining shares is a yield aggregator built on the Ethereum network, which rewards users by depositing their encrypted assets on the blockchain. According to Coinmarketcap, the total value locked (TVL) is currently around $400 million.
It is understood that mining shares create a token economy protocol on Ethereum. These tokens can be fixed quantity, variable quantity, locked amount equivalent digital currencies, as well as used to pay gas fees. These tokens can generate income through trading or be distributed to others or companies through staking. This work includes managing and distributing mining rewards, providing liquidity, and funding other projects.
Smoothy Mining
According to official sources, the mining project sMOOthy based on EOS is undergoing a new fork called “smoothy”. This is a new mining protocol aimed at solving a large number of security issues in the current blockchain network, such as node operators losing storage data or encountering errors. Due to the inability of node operators to obtain block information or attackers exploiting this vulnerability to obtain rewards (such as being hacked), the development team will not support the new sloozy token. Currently, more than 2 million wallet addresses have participated in this new fork, including Metamask, TrustWallet, and CoinbaseWallet, etc.
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