Decentralized Mining Operations
Decentralized Mining Operations - preventing 51% network attacks
Lets dig a bit deeper.. Bitcoin, Litecoin & Ethereum are all cryptocurrencies that depend on the proof of work protocol to process transactions across the global network. This allows anyone with powerful hardware to participate, host a node & start mining on the blockchain.
However a unique problem arises when, anyone individual has more than 51% hashing power to redirect the blockchain mining operations. Any miner with more than half the hashing power, presents to be a problem revolving around a concept called the "51% attack".
Here is exactly why blockchain developers & miners form a unique relationship. Even if they have never met each other, both completely depend on each other. Knowing that a 51% attack is rare but entirely possible, developers depend on decentralization to keep the network balanced.
Scaling any proof of work cryptocurrency without a central authority requires decentralized mining operation. We provide decentralized mining operations across a global community of blockchain miners, welcome to Room Mining.
Our goal is establish, decentralized mining operations to scale cryptocurrency networks. We provide access to private mining pools & cryptocurrency miner configuration services. Join our community @RoomMining to start mining today!
Check out our Instagram @RoomMining
https://roomblockchain.github.io/
Hi, I tried to reach out to you on your Github page, but I got a 404 error. What is the best way to make contact?
Congratulations @roommining! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!