💚 One might mistakenly think that Minto is an Italian dish with spicy herbs and roasted vegetables or a dessert with mascarpone and chocolate chips.

Either way, we recommend you try it.

💭 Let's understand together on the example of cooking a dish according to a culinary recipe.

How does any recipe begin? Right, with the ingredients, so let’s choose the components we need to make a block.

➡️ Transaction set
➡️ Block version
➡️ Timestamp
➡️ Complexity label
➡️ Block number

You may not understand what a complexity label or block version is, or how to compile a transaction set.

Complexity is determined by how many zeros a hash should have. The more zeros, the higher the complexity. The block version shows the current version of the blockchain protocol (it may be updated periodically). And the set of transactions is chosen arbitrarily. The miner can arrange the transactions in any order he wants (usually he arranges them in such a way that he earns more from commissions, so the more you pay for a transaction, the faster you will be included in the block).

So we've piled up our ingredients and start cooking. First of all, let's make a Merkle tree of our transactions. This is a structure for convenient and compact storage of information.

And then we choose a nonce - a random number that should help us in finding the "correct" hash. If the hash turned out to be unpalatable and does not fit, we throw out the nonce used for calculations and take another random number. So after some time we can find the right hash with a sufficient number of zeros.

After the hash is found, we consider that the block is ready and broadcast it to the network, where other network members will check the correctness of the block.

🆘 Only 42 days left until Bitcoin halving. Meanwhile, we recommend reading our cards to refresh your knowledge, as well as checking out the fascinating article on our blog.

Stay tuned!💰

Can you assign someone else's block reward to yourself?😱

Here’s a brief answer.

As you know, when we mine Bitcoin, we need to find a hash that takes into account all the information in the block.
If we look at the entire transaction list, we can see that the first transaction in any block is the one where the miner assigns the reward to themselves. So, if someone wants to receive a reward for another person's block, they would need to start by rewriting this transaction.

As a result, the block's hash would change, which means your bitcoins will remain safe and sound anyway 💰

The fear and greed index is heating up every day, which means it's time for us to admit that we... 🫢

Are not afraid of the halving, and there are several reasons for this:

Despite miner profitability halving to 3.125 BTC, historically, halvings have led to rapid market growth in the subsequent 1.5-2 years, largely offsetting miner losses. Read more in our article.

The current market situation remains unique due to the influx of institutional capital and open opportunities, and the upcoming halving is capable of finally reshaping the market for large capital and taking it to entirely new levels.

Halving objectively serves positive functions: preventing inflation and stimulating Bitcoin price growth, which has a positive impact on industry development.

And of course, one of the main reasons why we're not scared at all is that our mining infrastructure is prepared not only for the halving test, but also for the superprofit test.

React if you'll be sleeping peacefully tonight ❤️