Cryptocurrency Q&A
How was TON Coin mined?
How was TON Coin mined?
MysticGalaxy
Mon May 13 2024
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6 answers
1172
Could you please elaborate on the mining process of TON Coin? I'm quite interested in understanding the technicalities behind it. How does the mining of TON Coin differ from other cryptocurrencies? Are there any unique features or challenges involved in the mining process? I'm also curious about the energy efficiency and scalability of TON Coin mining. Could you provide some insights into these aspects as well? Thank you for taking the time to answer my questions.
6 answers
CryptoKing
Wed May 15 2024
Consequently, mining is not a prerequisite for achieving consensus within the TON network.
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ChristopherWilson
Wed May 15 2024
Nevertheless, the underlying algorithm employed by TON is SHA256, a cryptographic hash function.
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BonsaiGrace
Wed May 15 2024
Despite the network's PoS foundation, individuals can still engage in SHA256 computations to acquire TON coins.
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Sofia
Wed May 15 2024
TON coins are distributed through PoW contributors, rewarding those who contribute computational power to the network.
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DaeguDivaDanceQueenElegantStride
Wed May 15 2024
TON's blockchain operates on a Proof-of-Stake (PoS) mechanism, differing from traditional Proof-of-Work (PoW) systems.
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