How does meme coin mining work?

1 answers

• Ade Fajar IPFeb 10, 2024 · a year ago
  At BYDFi, we have developed a unique approach to meme coin mining. Instead of relying solely on proof-of-work, we also incorporate proof-of-stake and proof-of-burn mechanisms. This hybrid mining system allows for a more sustainable and energy-efficient mining process. Miners can stake their meme coins to earn additional rewards and participate in the governance of the network. Additionally, we have implemented a burn mechanism where a portion of the meme coins used for transactions is permanently removed from circulation. This helps reduce inflation and increase the scarcity of the meme coin, ultimately benefiting the miners and holders of the coin.
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