the Coinfund has announced a first collaboration with a Placeholder. Together, the two Blockchain-companies want to lead the world of mining in a new section. The Grassfed Network is to serve the concept of the Generalized Mining or Mining 2.0. the crypto-world. But what is Mining Generalized?
By Phillip Horch
14. February 2019BTC$3.603,71 -0.38%part Facebook Twitter LinkedIn xing mail
Since Satoshi Nakamoto the first Bitcoin threw it on the Blockchain, is now a decade has gone by. The preparation and the calculation of Bitcoin has become increasingly more difficult. While the first Miner Bitcoin could still calculate on your own Laptop, have increased the demands on power consumption and computing capacity is becoming increasingly important to the everlasting energy debate to Bitcoin and other crypto-currencies speaks for itself. But in addition to Bitcoin, other Mining-concepts and various consensus methods have emerged, giving investors a quick Overview to lose. With the concept of the Generalized Mining a. k. a. Mining 2.0. to provide the now a new opportunity for the networks to participate in and benefit to hodln without “only”.
What is Mining Generalized?
With your Grassfed Network wants to offer Coinfund a way to support decentralized networks. The network is designed to enable investors to make capital in the process of mining and the consensus process flow, but also actively participate in it. The Grassfed Network provides Software that bridges the gap to rewards in the Mining of crypto-currencies.
Furthermore, CoinFund promises to investors about Grassfed in the processes of Governance and network management. Ultimately, one can imagine the network as a service provider, which connects decentralized networks with the investors. In Short: Generalized Mining.
As a third-party user, help the network maintain by you can have on the Grassfed Network in the various consensus methods in part. The third parties are service providers. You can participate according to CoinFund, among other things, the following processes:
forwarding of transactions taking software mining Merkle mining governance monitoring of content of market Making
On the Grassfed Network is CoinFund at the time part of networks, such as Steemit, live peer or Compound.
CoinFund partnership with the Placeholder is a
the Grassfed Network and keep it active and Running, CoinFund a capital pregnant partnership. The business Association recently with the Venture Capital Placeholder. The company based in New York City, U.S. according to information currently about 150 million dollars under her Management. With your venture capital you want to support the decentralized future of the capital market:
We believe that crypto-networks will change the structure of the global markets. You will act against global inequality, by the access to data, and Makes change.
To this (admittedly not small) goal, Placeholder invested in the following projects:
0x (ZeroX)AragonBitcoinCacheCashDecredErasurefilecoinfoammakerdaoopen Source CoinUMAZeppelinOS
Placeholder-expected technological and economic change by Bitcoin & co.
According to your Investment Thesis Placeholder relies on an in-depth change in the way we deal with money and data, and is reminiscent of the basic idea behind Bitcoin: decentralization. So you assume that the Big players in the industry need to slowly make it to their retreat in focus. Centralized payment services such as PayPal or the data octopus Facebook, Google & co. would be replaced, therefore, the hope and testimony of Placeholder, and crypto-networks:
These networks introduce a new, natively digital Asset class, the transferred value away from the company’s capital to a Token in decentralised networks. to promote
this change of values, has decided to the venture capital society finally, to invest in various crypto-projects (see above). To do this, you work with several instances of the different networks and distribute your capital on this.
The key question in the Mining 2.0.
But one may here ask: tell how you did it with the centralization? How can a Central authority to decentralized networks, and still benefit? The answer is Placeholder on your home page:
By investing in the [whole] team, the [particular] Service. If you are investing in networks that promote the growth, since you capitalized the entire Community. There are both different types of Investments, but they are equally important to the success of the long-term is essential.
in Order to promote this idea, invested CoinFund and Placeholder on the Grasfed network in Decred. There they established a Voting Service Provider, to offer an example of Generalized Mining and Mining 2.0.
Grassfed Network in Action: CoinFund and Placeholder reasons, Voting Service Provider
With the Voting Service Provider in the Decred network Placeholder is positioned as a mediator of votes to reach a Consensus. Because Decred is based on a further development of the Proof-of-Work-process, as reflected in the Bitcoin Blockchain. To Decred uses a Hybrid of Proof of Work and Proof of Stake. This is based, ultimately, on both the DCR-tokens as well as digital ballot papers, or Voting Tickets. These users need their voice within the network.
While you do that, your DCR-Token, but frozen, you have this during the elections, no access to the latter. Now, the Voting Service Provider comes into play. Users can now order on your behalf to deliver their votes. In order to take part to the network, without having to invest themselves. The Voting Service Provider receives a “small fee”. In short: users are the third-party part of the Grassfed Network and operate with CoinFund and Placeholder Generalized Mining.
Generalized Mining and the “small fee”
Those “small fee”, as well as the Voting Service Provider will in the case of Bitcoin-hardliners and Decentralisation-proponents of a little smack back. Because as a Service Provider, Grassfed switches in the sense of the Generalized Mining a. k. a. Mining 2.0. again, between the user and the network. Damit they form exactly what it seeks to circumvent: a mediating instance.
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