🔹️ Typically, a mining pool is a group constituted of cryptocurrency miners who "pool" their efforts and resources together to either find a block or to simply mine their desired cryptocurrency.
Nowadays, the number of centralized mining pools involving big investments has skyrocketed compared to a couple of years ago.
🌐 A pool may contain hundreds of thousands of miners, each using specialized protocols, and shares are the principal concept of each mining pool. This allows the fair rewarding of every miner taking part.
In other words, these pools are crucial when it comes to the blockchain field in general, and knowing how to make the best out of it and to simplify the mining process can make it more rewarding.
📉 One of the main problems with blockchain presently is that not only are their mining protocols extremely time and energy-consuming, but they also end up being ineffective.
In order to fix that issue and make the process more efficient, BTCU not only implemented LPoS but we also came up with our very own UPoS algorithm.
👍 While LPoS takes care of the mining process as a whole and makes it more eco-friendly and adaptable, UPoS offers better transaction speed, low and invariable commissions, and full decentralization with anonymity.
BTCU works on not only making processes simpler but also more enjoyable for everyone.
😎 You can make your own future even without a technical background. That is how easy it is with BTCU.
