The Mining Process
The process of 'mining' is used to add new capital in the cryptocurrency database.
Mining is a verification process that works on the blockchain using a massive amount of computing power. The 'miners' who use such strong computing power 'earn' cryptocurrency for each verification.
102
450 reads
CURATED FROM
IDEAS CURATED BY
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
How to develop a healthy relationship with money
How to create a budget
The impact of emotions on financial decisions
Related collections
Similar ideas to The Mining Process
Blockchain: From Energy To Banking
- Steve Wozniak (of Apple fame) is using blockchain to power its new company which aims to increase energy efficiency.
- Mining of coins, a process that produces cryptocurrency is also being handled by blockchain technology.
- Many startups are finding myriad uses of this new techn...
Automate the process
To further reduce the time spent on each process, invest in automation. Like Codewit(a code school), you can set up a system for responding to student applications in real time. Transitioning from manually sending emails to every new student who registers for their courses has reduced the amount ...
Automate the process
To further reduce the time spent on each process, invest in automation. Like Codewit(a code school), you can set up a system for responding to student applications in real time. Transitioning from manually sending emails to every new student who registers for their courses has reduced the amount ...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates