📈 We completely forgot to tell you about our trip to Oman, where we went on an invitation from the Bitmain team at the end of October. We got to see first-hand how ANTMINER works in the extreme heat.
You can read more about how Hydro-Cooling Mining Technology "conquered" the desert here.
Let’s start with an offline example: if you are familiar with using a gift card or voucher at the store, you can think of it as a 'token' representing money you've already paid. This concept is quite similar to the principle of data tokenization in the digital world.
So, tokenization is a process of turning sensitive information into a unique set of characters that can be transferred, stored, and processed without revealing the original data. Simply put, tokenization takes your credit card number and converts it into a 'token'. This token represents the card, but doesn’t contain the original data, making it useless for hackers.
Beyond safety, tokenization in crypto can represent tangible assets. That means you could own a 'token' that represents a piece of artwork, a share in real estate, or other assets.
In Minto we used tokenization to make mining power an asset in and of itself. Each BTCMT token is a specific equivalent of this power. 1 BTCMT = 0.01 TH/s.
Token emission is directly influenced by the addition of new mining capacities. We can't create more BTCMT unless we connect more miners with more mining power.
Why did we do it?
• Because it is transparent: you can easily estimate the value and income of an asset. • Project development can be measured and tracked with each hashrate addition: the more mining power we have — the more BTC you will mine. • It makes the mining process simple and accessible to the broader audiences: you don’t need to own a miner to receive BTC. • It allows practically everyone who has mining capacities to tokenize them.
Tell us, how do you like the idea of tokenizing mining power?
💸 We often talk about the importance of safety in the crypto world, but not too much about how this safety is ensured. Let's explore the essence of security audits, their significance, and why security is a non-negotiable component of any crypto project.
