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What is Merged Margin?
Merged mining is a practice that involves simultaneously mining two or more cryptocurrencies without compromising overall mining efficiency. This is achieved through the utilization of Auxiliary Proof of Work (AuxPoW), allowing miners to use their computational power to mine blocks on multiple chains concurrently.
In the AuxPoW framework, the work performed on one blockchain serves as valid work on another. The blockchain providing the proof of work is termed the parent blockchain, while the one accepting it is the auxiliary blockchain.
For successful merged mining, all involved cryptocurrencies must share the same algorithm. For example, Bitcoin's SHA-256 algorithm allows simultaneous mining with any other coin utilizing SHA-256, provided technical implementations are correctly executed.
Crucially, the parent blockchain undergoes minimal impact as it requires no technical modifications. In contrast, the auxiliary blockchain must be programmed to effectively receive and validate the work from the parent chain, typically necessitating a hard fork for adding or removing support for merged mining.
In theory, merged mining presents an intriguing avenue for smaller blockchains to enhance security by leveraging the hashing power of a larger chain, such as Bitcoin. This could potentially mitigate the risk of 51% attacks, contingent upon sufficient miner consensus to adopt merged mining.
#webgtr #blockchin #etf #crypto #JUP
In the AuxPoW framework, the work performed on one blockchain serves as valid work on another. The blockchain providing the proof of work is termed the parent blockchain, while the one accepting it is the auxiliary blockchain.
For successful merged mining, all involved cryptocurrencies must share the same algorithm. For example, Bitcoin's SHA-256 algorithm allows simultaneous mining with any other coin utilizing SHA-256, provided technical implementations are correctly executed.
Crucially, the parent blockchain undergoes minimal impact as it requires no technical modifications. In contrast, the auxiliary blockchain must be programmed to effectively receive and validate the work from the parent chain, typically necessitating a hard fork for adding or removing support for merged mining.
In theory, merged mining presents an intriguing avenue for smaller blockchains to enhance security by leveraging the hashing power of a larger chain, such as Bitcoin. This could potentially mitigate the risk of 51% attacks, contingent upon sufficient miner consensus to adopt merged mining.
#webgtr #blockchin #etf #crypto #JUP
Blur, Arbitrum Lead Altcoin Surge as Traders Anticipate Bull RunTrading volume for Blur has increased by 1,240% in the past 24 hours after it was listed on Upbit.
Key takeawaysBLUR has risen by 22% in the past 24-hours after being listed on the South Korean exchange Upbit. Trading volume across numerous altcoins has increased significantly. Open interest is at record highs for several altcoins.
A series of decentralized finance and NFT-related altcoins have posted double-digit gains over the past week as capital begins to flow from larger assets like bitcoin (BTC) and ether (ETH) to more speculative tokens like blur (BLUR) and arbitrum (ARB).
Over the past 24-hours Blur, which is the native token of its namesake's NFT exchange, has risen by more than 22% after it was listed on South Korean trading platform Upbit.
The move coincided with a notable spike in trading volume, with $241 million being racked up in the past 24-hours - a 1,240% increase on the previous day, according to CoinmarketCap data.
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The magnitude of the rally represents a shift in sentiment from three weeks ago when the Securities and Exchange Commission (SEC) went on the offensive against altcoins that it labeled securities.
With Bitcoin trading comfortably above $30,000 following a fortnight of stubborn price action below $26,000, traders are beginning to flock to lower liquidity trading pairs.
On Monday, Near Protocol's native token (NEAR) spiked by more than 20% after it signed a deal to use Alibaba's cloud services.
Arbitrum, meanwhile, has surged by 33.2% in the past 12 days as activity on the layer 2 blockchain continues to mount. Total value locked (TVL) on Arbitrum-based platforms like GMX and Radiant has increased by 12.5% and 9.3% in the past seven days, according to DefiLlama, as traders demonstrate an appetite to capture DeFi yields.
#blockchin #ordinals #Blur #newsTrading #FutureGems
Key takeawaysBLUR has risen by 22% in the past 24-hours after being listed on the South Korean exchange Upbit. Trading volume across numerous altcoins has increased significantly. Open interest is at record highs for several altcoins.
A series of decentralized finance and NFT-related altcoins have posted double-digit gains over the past week as capital begins to flow from larger assets like bitcoin (BTC) and ether (ETH) to more speculative tokens like blur (BLUR) and arbitrum (ARB).
Over the past 24-hours Blur, which is the native token of its namesake's NFT exchange, has risen by more than 22% after it was listed on South Korean trading platform Upbit.
The move coincided with a notable spike in trading volume, with $241 million being racked up in the past 24-hours - a 1,240% increase on the previous day, according to CoinmarketCap data.
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The magnitude of the rally represents a shift in sentiment from three weeks ago when the Securities and Exchange Commission (SEC) went on the offensive against altcoins that it labeled securities.
With Bitcoin trading comfortably above $30,000 following a fortnight of stubborn price action below $26,000, traders are beginning to flock to lower liquidity trading pairs.
On Monday, Near Protocol's native token (NEAR) spiked by more than 20% after it signed a deal to use Alibaba's cloud services.
Arbitrum, meanwhile, has surged by 33.2% in the past 12 days as activity on the layer 2 blockchain continues to mount. Total value locked (TVL) on Arbitrum-based platforms like GMX and Radiant has increased by 12.5% and 9.3% in the past seven days, according to DefiLlama, as traders demonstrate an appetite to capture DeFi yields.
#blockchin #ordinals #Blur #newsTrading #FutureGems
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𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘇𝗶𝗻𝗴 𝗖𝗿𝘆𝗽𝘁𝗼: 𝗧𝗲𝗰𝘁𝘂𝗺 𝗪𝗶𝗻𝘀 𝗕𝗲𝘀𝘁 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗔𝘄𝗮𝗿𝗱 𝗳𝗼𝗿 𝗚𝗮𝗺𝗲-𝗖𝗵𝗮𝗻𝗴𝗶𝗻𝗴 𝗦𝗼𝗳𝘁𝗡𝗼𝘁𝗲 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 ‼️
Have you heard about the most innovative blockchain project of 2024? It’s TECTUM❗
Tectum recently secured the prestigious Best Blockchain Innovation Award at the 2024 Leaders in Fintech Awards, a testament to their innovative contributions in the fintech industry. Their standout product, SoftNote, offers a groundbreaking solution, enabling crypto transactions without blockchain wallets. With advancements like the fastest layer-1 blockchain and user-friendly features, Tectum's innovation is revolutionizing the payment space. Looking ahead, the company is preparing to launch the SoftNote Wallet App and further enhance their services, solidifying their leadership in blockchain technology. The best is yet to come for Tectum.
Tectum has significantly enhanced its services and products, increasing network speed from 1.5 million to over 3.5 million transactions per second, maintaining its position as the fastest layer-1 blockchain. Additionally, the SoftNote Wallet's mint section has been simplified, allowing users with no prior crypto knowledge to easily mint, fill, and manage SoftNote Bills. Built-in instructional guides ensure seamless navigation for all users.
#FOMC #Tectum #BinanceLaunchpoolHMSTR #NeiroOnBinance #BinanceTurns7
Have you heard about the most innovative blockchain project of 2024? It’s TECTUM❗
Tectum recently secured the prestigious Best Blockchain Innovation Award at the 2024 Leaders in Fintech Awards, a testament to their innovative contributions in the fintech industry. Their standout product, SoftNote, offers a groundbreaking solution, enabling crypto transactions without blockchain wallets. With advancements like the fastest layer-1 blockchain and user-friendly features, Tectum's innovation is revolutionizing the payment space. Looking ahead, the company is preparing to launch the SoftNote Wallet App and further enhance their services, solidifying their leadership in blockchain technology. The best is yet to come for Tectum.
Tectum has significantly enhanced its services and products, increasing network speed from 1.5 million to over 3.5 million transactions per second, maintaining its position as the fastest layer-1 blockchain. Additionally, the SoftNote Wallet's mint section has been simplified, allowing users with no prior crypto knowledge to easily mint, fill, and manage SoftNote Bills. Built-in instructional guides ensure seamless navigation for all users.
#FOMC #Tectum #BinanceLaunchpoolHMSTR #NeiroOnBinance #BinanceTurns7
The The big one was the best thing to come to my house today I had a great day I love it here and I’m so glad you got a nice one and I’m so glad that I did it again because it is a beautiful place and #cryptotipshop #blockchin
Tether, one of the largest and widest Stablecoins company in cryptocurrency market and Web3 technology OKX just announced today that they have collaborated with USA government (DOJ) to freeze 225 million in USDT (3 Triliun IDR) or 12,437,325,000 PHP due to linked with an international human trafficking syndicate in Asia.
#USDT.Tether #TransparencyMatters #blockchin
#USDT.Tether #TransparencyMatters #blockchin
#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here! #crypto #blockchin #blum