What machines are used to mine DOT coins (Is DOT coins promising)?
What machines are used to mine DOT coins? According to Polkadot official news,
What machines are used to mine DOT coins? According to Polkadot official news, Polkadot mainnet will be launched in January 2019.
Specifically, there are two ways to mine with liquidity (removing exchanges and wallets). One is to buy a certain amount of DOT tokens on centralized trading platforms to obtain rewards. The second is to use an automated market maker (AMM) designed specifically for Ethereum smart contracts to provide automatic price oracle services for DOT. AMM allows users to move their digital assets between multiple crypto markets. Typically, such mining pools require the purchase of a miner specifically designed to power DOT in order to participate in the process.
Is DOT coins promising?
Today is Saturday, and after reading this article, I started thinking about the future of DOT coins.
In a previous article, I mentioned some thoughts and analysis about the prospects of DOT:
1. Many people believe that DOT can bring benefits to blockchain or change existing business models on the internet.
2. Will DOT rise like Bitcoin?
3. If it can break $1000, it means it will become the next BTC.
4. Can DOT decouple from Bitcoin?
In my opinion, this question is not difficult to solve because many altcoins have been hyped to the extreme in the market. These altcoins actually have limited innovation space, and some are not even the problems of the projects themselves, just concepts. Many of them are not mature enough to truly land applications, so it is difficult to say whether anything is good or bad. However, in a sense, I think this is a very constructive investment, and we see that the market’s recognition of such projects is very high. But it cannot guarantee that everyone’s understanding and knowledge of DOT is also very good, so I personally think that we should pay more attention to DOT. Don’t focus on other aspects. After all, although DOT looks promising, its price is much lower than Ethereum’s network, and its performance on other chains is not as good as Bitcoin or Ethereum, not to mention super public chains like Polkadot, which are closely related to the entire blockchain industry, such as Ethereum’s TPS (transactions per second), which still exceeds 200,000 times/day, and so on. So I think DOT, as a technical digital currency, is worth attention. Therefore, I will discuss its development next.
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