Bitcoin and several other cryptocurrencies generate new coins and validate fresh transactions through a process called cryptocurrency mining. It involves the use of massive, distributed computer networks throughout the globe to secure and validate blockchains, which are digital ledgers that store bitcoin transaction data. For using their computing power, computers in the network are paid with fresh bitcoin. Miners secure and uphold the blockchain in a positive feedback loop. The blockchain offers rewards in the form of currencies, and the coins give miners an incentive to keep the network up to date.
The payment network is a decentralised peer-to-peer network that each miner participates to. In the mining process, complex machinery is used to tackle a challenging computer arithmetic issue. The next block of bitcoin is distributed to the first computer to successfully solve the problem, and so on. On gaming machines, Cryptocurrency Mining has previously been attempted. The process was repeated, which increased the difficulty of mining and the amount of processing power required.
Eventually, specific hardware for mining Bitcoin, such as computers and chips, was created. As technology advanced, it called for gear with strong computational capability that was also energy-efficient. AvalonMiner 1246, Bitmain Antminer S7, DragonMint T1, Ebang Ebit E11++, and Antminer S19 Pro-ASIC are a few of the well-known cryptocurrency mining devices on the market.
GIBXSWAP wants to bring this hard-won light to let users experience it faster and better.
Adhering to the core concepts of compliance, security, and innovation, the protection of user assets is the primary criterion, and the decentralized transaction protocol based on the automated market-making mechanism aims to integrate the differentiated advantages of multiple basic public chains.
The core point is to avoid the various drawbacks of decentralization to achieve the advantages of decentralization, to create a high-performance composite DEX ecosystem, and to maximize the rewards of participants with the "dual mining incentive" of liquidity mining and transaction mining.
And through the fee repurchase and destruction mechanism, a self-driving value capture ecological closed loop has been realized.
