This shows you the differences between two versions of the page.
Both sides previous revisionPrevious revisionNext revision | Previous revisionLast revisionBoth sides next revision | ||
minting_overview [11/02/2023 14:06] – [Bullets Continued] crowetic | minting_overview [11/29/2023 15:30] – crowetic | ||
---|---|---|---|
Line 3: | Line 3: | ||
{{: | {{: | ||
- | We do not MINE, we MINT! Minting, is the process | + | Qortians |
- | Qortal does not use PoW or PoS like more 'traditional' | + | Minting is much more similar to 'Proof of Work' |
- | Bitcoin was intended to allow anyone to run a basic computer and take part. The flawed aspect | + | In Qortal, every minter SHARES the reward |
- | Minting does not use high amounts | + | The original ideas of Bitcoin, were to allow **any user with any normal computer** to take part in the consensus process, and assist in generating new coins. However, over time, due to the fact that only the block signer earns any coins, and the fact that more ' |
- | Instead, minters must prove themselves as a 'productive member' | + | Minting does **not use high amounts of electricity, does not require expensive equipment, and does not require the users wishing to mint, to have a huge amount of QORT or any other asset with which to do so.** |
+ | |||
+ | Any 'normal computer' | ||
// | // | ||
// | // | ||
===Minting Overview Explanation=== | ===Minting Overview Explanation=== | ||
- | Qortal' | + | Qortal' |
- | This is against the principles that Bitcoin initially put into the world. | + | The entire idea of the Decentralization movement |
===Minting Info Bullets=== | ===Minting Info Bullets=== |