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ADS’s Fortune Gold Mine: Contribution Miners’ Fees

Published

4 years ago

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 On public chains such as Bitcoin or Ethereum, anyone can read and write data.  Reading data is free, but it costs a certain amount to write data to the public chain. This overhead helps prevent spam and protects its security through payment.  Any node on the network (each connected device containing a copy of the ledger is called a node) can participate in a method called mining to protect the network.  Since mining requires computing power and electricity fees, miners need to be paid for their services. This is also the origin of miners’ fees.

 However, the problems caused by miners in mining have become increasingly prominent:

 Electricity bill

 The “mining” of the graphics card requires a long time to fully load the graphics card, the power consumption will be quite high, and the electricity bill will be higher and higher.  Many professional mines at home and abroad are located in areas where electricity costs are extremely low, such as hydropower stations, and more users can only mine at home or in ordinary mines, so electricity costs are naturally not cheap.  There was even a case where someone in a certain community in Yunnan carried out crazy mining, which caused a large area of ​​the community to trip and the transformer was burned out.

 Hardware expenditure

 Mining is actually a competition of performance and equipment. Some mining machines are composed of more such graphics card arrays. When dozens or even hundreds of graphics cards come together, various costs such as hardware prices are inherently high.  There are considerable expenditures.  In addition to graphics card-burning machines, some ASIC (application-specific integrated circuit) professional mining machines are also on the battlefield. ASICs are specially designed for hash calculations and their computing power is also quite strong, and because their power consumption is much lower than that of graphics cards,  Therefore, it is easier to scale up, and electricity costs are lower. It is difficult for a single sheet to compete with these mining machines, but at the same time, the cost of such machines is also greater.

 Currency security

 Bitcoin withdrawal requires up to hundreds of keys, and most people will record this long string of numbers on the computer, but frequent problems such as damage to the hard disk will cause the key to be permanently lost, which also leads to  The loss of Bitcoin.

 System risk

 System risk is very common in Bitcoin, and the most common one is fork.  The fork will cause the price of the currency to fall and the mining revenue will drop sharply.  However, many situations have shown that the fork will benefit the miners. The forked altcoins also need the mining power of the miners to complete the process of minting and trading. In order to win more miners, the altcoins will provide more block rewards and rewards.  Handling fees to attract miners.  Instead, risk has made miners.

 ADS’s ring resonance proof of stake algorithm (Λ Proof of Stake, APoS) perfectly solves the problems of energy consumption, cost, and safety caused by mining. According to the APoS algorithm, the circulation of ADS is 100 million, and 931374.57 ADSs are used as “startups”.  In addition to the “fuel” airdrop to the users of the former 123 ring nodes, APoS mined a total of 99,068,625.43, of which 10% will be rewarded to ADS promoters as a contribution miner fee, which we call DAO maintenance node miner fee.

 DAO maintenance node miner fee

 According to the ADS ring resonance algorithm, 10% is rewarded to the ecological DAO maintenance node (4% is given to the ecological maintenance (community recommends on the exchange, self-made website marketing, publicity through professional media, recommends the new currency to the exchange, introduces dapp applications, etc.), public  Chain maintenance nodes, weighted and averagely distributed according to node computing power, dividends once a week; 4% to voting community nodes, community evaluation once a week, flashback rewards according to ranking, once a week, the top three communities each reward 0.3% 0.2% 0.1%  , The fourth to tenth communities will be rewarded 0.05%. Voters will be given a weighted average distribution of 1.05% according to the number of votes. The new currency voting on the exchange will be given a weighted average dividend of 2% according to the number of votes of the voters; 2% will be rewarded to the promotion master, and users will be rewarded with currency holdings and flashback rankings.  Reward 0.3% 0.2% 0.1% respectively, the fourth to tenth reward 0.05%, and the average distribution of 0.95% to the promoters of the website produced according to the requirements).

 Contribution is strength, contribution is revenue, contribution is consensus. This is the greatest feature of ADS’s ring resonance equity proof algorithm. I hope that all ADS miners can obtain their own wealth of gold mines.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

Published

10 hours ago

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November 23, 2024

By

DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

Published

10 hours ago

on

November 23, 2024

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DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

Published

10 hours ago

on

November 23, 2024

By

DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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