With the development of blockchain technology in recent years, public chain projects have also sprung up, and their competition has also become fierce. In addition to the old Bitcoin and Ethereum, many various private chains and consortium chains have also emerged.
Public chain:
Public blockchains refer to consensus blockchains that are open to everyone in the world, anyone can read data, send transactions, and the transactions can be effectively confirmed.
Under normal circumstances, the public chain will encourage participants to compete for bookkeeping through a token mechanism to ensure data security. It is considered "completely decentralized", and the reading and writing of data in the public chain system is not controlled by anyone And tampered.
The public chain is characterized by low access thresholds, all data is open and transparent and cannot be tampered with, and program developers have no right to interfere with users. The reading and writing of public chain data is not controlled or tampered with by anyone. The disadvantage is that the processing speed is slow, and the transaction The speed is slow.
The more well-known public chains are Bitcoin blockchain and Ethereum.
Private chain:
Fully private blockchains are blockchains whose write permissions are completely controlled by an organization. The degree of publicity is determined by the organization, and all nodes participating in the blockchain will be strictly controlled.
A small number of nodes in the private chain have a high degree of trust, and transactions do not need to be confirmed by all network nodes, so the transaction speed is fast.
Alliance chain:
The consortium chain has certain permission restrictions. After joining this consortium chain, it is possible to have read and write permissions, that is, the blockchain controlled by the consortium node. Hyperledger is the most typical consortium chain. It was initiated by the Linux Foundation in 2015. Its members include nearly 100 members including ABN AMRO and Accenture, as well as the familiar Ant Financial The Ant Blockchain for serving.
The operation and maintenance cost of the alliance chain is relatively low, without the need for the entire network to confirm, the processing speed is fast, and the scalability is good.
Since both private chains and consortium chains are small-scale, they are not decentralized systems in a complete sense, so we will not discuss them here.
Micron public chain with recent price surge
The public chain is usually also called the Permissionless Blockchain. Anyone can participate in the data maintenance and reading of the blockchain. The complete decentralization is not controlled by any institution. In addition to the well-known Bitcoin and Ethereum, there are also some micro public chains with great development potential.
For example, Microchain, it is the world's first incubating blockchain public chain project. Here, everyone can create and operate their business, and any group can build their own ideas and promote them to the community after they are voted and approved. Fund support and promote it to the market, where you can find a group of like-minded people to realize their ideas, create high-quality products and services, so as to quickly start and rely on Micron's strong community ecology to promote to a wider market.
In the encrypted digital currency mining industry, ASIC mining machines occupy the most important role. ASIC mining machines are prone to become a computing power game between oligarchs and are prone to computing power attacks. In addition, due to unequal mining equipment, computing power will be too concentrated. Microchain adopts the latest X16Rv2 proof-of-work algorithm, which allows ordinary users to participate in idle computers at home, thereby avoiding excessive concentration of currency in the hands of a few miners and adversely affecting the ecology.
According to the white paper, the total circulation of Micron coins is 2.4 billion, of which 84.5% is 2.025 billion points mined in 30 years. Currently, the mining of Micron coins can be done by home computer mining. This part of the miners can get 21% rewards. Mining has relatively high requirements for graphics cards. Generally, graphics cards above 2,000 yuan are recommended. In addition, the monthly electricity bill is also an expense and the output is relatively small. It is recommended to build a master node in wienhash for free. You only need to pledge 25,000 micron coins in your wallet. At present, on average, you can mine more than 50 per day. The specific setting steps are as follows:
Create two micro wallets (one as mining income, one as mining collateral)
1. Open the website wallet.wienchain.com and click Create Wallet. A 12-digit mnemonic phrase will appear. Be sure to copy it and save it as a screenshot. The next step will let you fill in these mnemonic phrases. After completing the filling, click verify and a disclaimer will appear. , Click OK, you need to set a six-digit security code, and repeat the input once (note: the mouse arrow does not respond when you enter the security code, don’t worry, just click the keyboard number with the mouse);
2. Record the created wallet address, security code, and mnemonic words, and keep this wallet as a mining revenue wallet;
3. Create a wallet again. This wallet is used as the main node mortgage wallet. Transfer no more than 25000 micron coins to this wallet (note that you should not transfer out the wallet during the mining process, otherwise mining will be terminated) ).
Wienhash official master node sets up mining
1. Enter the main node building platform wienhash, click register, and log in after successful registration according to the steps;
2. Click "Build Now" in the upper right corner, and select the default first "Promotion Only 0USDT" for the lease time limit. Before renting the mining system for 6 months requires 150USDT. Now the platform provides a mining server for everyone to build for free. After deducting 20% of the mining revenue, click Next to continue
3. Set the mining income address. If you have not registered, go to the web version of the wallet to register the wallet address. Note: The wallet address here cannot be filled in with the address of the WenX exchange. After setting, click "Next" to continue:
4. A prompt payment message will appear. Currently, it is free of 0 USDT. Click Next to continue:
5. Set up the master node. The mortgage address is the address of the web version of the micro-coin wallet where you deposit 25,000 micro-coins. The transfer method can be from the exchange or Wen Eco wallet. Note that it must be exactly 25,000, no more can not be less:
Continue to fill in, the hash number needs to be found in the web version of the mortgage currency wallet, click on the red area as shown in the figure below:
After entering, find the top " Hash (txid)" , click on the text-like icon at the back to copy this string of code and copy it back. Don’t close this page after copying, you will need it right away, this string of code can be understood as yours The serial number of the receipt, as shown in the figure:
Next, fill in the mortgage index, go back to the page just now, and scroll down. No matter if you open it on your mobile phone or open the web page on your computer, remember that as long as you find your 25,000 WIEN, the mortgage index on the top is 0, and the mortgage index below is 1. ,As shown below:
After filling in the mortgage index, check "I agree to the terms and conditions specified in the "Terms", and click the "Finish" button in the lower right corner.
6. Go to the next page to sign the ProRegTx transaction, first go to the mortgage wallet to find the "tool" "information signature", and then copy and paste the following code:
Copy the above code to the "Tools" "Signature" page and click the information signature button to request a 6-digit digital security code (note that the mouse will not change when entering the security code, just click to enter), and the signature will appear Copy and paste the characters back to the input field of 3 above, as shown in the figure:
7. Go back to the "Sign ProRegTx Transaction" page and click the "Submit" button. The following prompt appears to indicate that the master node is successfully set up, and the mailbox will also receive an email indicating that the micro-chain master node is successfully set up.
At present, the time interval for the main node to receive coins is about 55 hours, and about 50 coins can be mined every day. The number of effective user wallets on the Micron public chain is close to 220,000. The digital assets that have been issued on the chain include WEN, WENI, etc., as well as the Belt and Road Merchants Club token currency MLT, mineral source MP, and JDT gem diamond token mining machine. The GMP will be launched soon. The mining machine is also based on the micron public chain.
