Chia founder: I don’t want its related “farming pool” to have a monopoly

Chia founder: I don’t want its related “farming pool” to have a monopoly

At the Chia official video conference "Chia Pools for Pool Operators" held today, founder Bram Cohen and his team members shared the latest information and progress related to the Chia farming pool protocol.

The Chia team does not want any of its related “farming pools” to have a monopoly. Even if this situation has already occurred in some cases, they will ensure that these large farming pools cannot do evil.

(The "farming pool" is equivalent to the "mining pool" of other blockchain projects. Chia officially calls the process of obtaining block rewards "farming", which corresponds to the "mining" of other projects.) Mariano S., one of the heads of the farming pool protocol program in the Chia team, said that in most mining pool protocols under the Proof of Work mechanism, the mining pool will create blocks and the miners will perform hash collisions. The "creation of blocks" is directly related to the "issuance of token rewards". Under such a mechanism, the mining pool will have great control.


<<:  U.S. second quarter economic data surged, the U.S. dollar index rebounded, and Bitcoin is at risk of a downside

>>:  Jiucheng announced the construction and expansion of mining farms in Canada

Recommend

What is the temper of people with fleshy cheeks?

If you want to understand a person now, no matter...

Bitmain launches US IPO plan, plans to raise $300 million to $500 million

On June 21, Bloomberg quoted people familiar with...

Facial features reveal one's character and fortune

Facial features reveal one's character and fo...

How to read the children line in palmistry? Is it accurate?

How to read the children line in palmistry? With ...

Judging from the faces of Zhang Ziyi and Fan Bingbing

In the entertainment industry, there are some fem...

Gibraltar Releases Blockchain Regulation Plans, Warns of ICO Risks

The Gibraltar Financial Services Commission, the ...

Face analysis: Interpreting different chin shapes

Physiognomy is a kind of folk knowledge that tell...

What does a woman with a good appearance look like?

1. Full forehead If a woman has a full and smooth...

These people have no luck.

No one is unlucky. Luck and fortune are born with...

2020 DeFi Industry Research Report: Market Overview, DEX, Derivatives

1. DeFi continued to develop strongly in the thir...

Will there be a divorce if there is an island pattern on the marriage line?

Will there be divorce if there is an island patte...