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What is trust mining and how does it relate to cryptocurrency?

avatarRahul ParjapatDec 15, 2021 · 3 years ago1 answers

Can you explain what trust mining is and how it is connected to cryptocurrency? I've heard the term before but I'm not sure what it means or how it fits into the world of digital currencies.

What is trust mining and how does it relate to cryptocurrency?
Trust Mining
Cryptocurrency
Digital Currencies

1 answers

  • avatarDec 15, 2021 · 3 years ago
    Trust mining is an innovative concept that combines trust and mining in the realm of cryptocurrency. It refers to the process of earning rewards by actively contributing to the trustworthiness and security of a blockchain network. In traditional mining, computers solve complex mathematical problems to validate transactions and secure the network. Trust mining takes this a step further by incentivizing participants to not only validate transactions but also actively contribute to the overall trust and integrity of the network. This can be achieved through various activities such as staking, participating in consensus mechanisms, or providing security services. By engaging in trust mining, individuals can earn additional cryptocurrency rewards while playing a crucial role in maintaining the security and trustworthiness of the network.

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