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What is Satoshi Mining (Satoshi Mining App)?

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What is Satoshi Mining? Editor\’s Note: This article is from William\’s Talk (ID:

What is Satoshi Mining (Satoshi Mining App)?

What is Satoshi Mining? Editor’s Note: This article is from William’s Talk (ID: William1913), authored by William Chen, authorized by Odaily Star Daily to be reproduced.

Hello everyone, I am Satoshi Mining! Today I will share with you how this currency works:

1. How does Bitcoin work? How to turn one address into over 100 BTC; 2. What is the use of Bitcoin? Is it cheap? So, now Bitcoin is no longer worth such a large amount of money, right? But if calculated at the current price, the price of Bitcoin is about 20 US dollars. But for most people, it still feels a bit uncomfortable, especially in certain aspects, such as Bitcoin itself is a very high speculative asset. And many people may not understand why it does this.

And we can analyze it from the following two perspectives. First, we need to understand what the word “money” means. What you can think of is a word called “gold” in the early days of the Internet: people know something valuable, so blockchain technology is equivalent to gold. When someone asks you if you really want to buy cryptocurrency or something similar, you probably can’t think of it as a way to make money and make the world a better place, right? In fact, it is not. Because many things are for the convenience of everyone, such as Bitcoin. And even some governments and financial institutions in some countries are constantly printing money, and they also hope to achieve this goal through their own efforts. This is so-called “gold”. If you think this is a real store of value, there is no problem. Of course, this is also the meaning that Bitcoin does not exist. Secondly, it is just a network protocol. In addition, as one of the old players in the field of digital currency, Bitcoin, which is “big but not falling,” can be said to be quite worthy of study in terms of its development history. In addition to the previous DEFI craze which attracted much attention, the rise of projects such as Ethereum also made many investors start thinking about the future of Bitcoin. So, there was an article circulating on the Internet about Bitcoin. The article mentioned that many projects at that time were promoting the development of a Bitcoin 2.0 system (Bitcoin Cash) and related application code, so many projects announced one after another to launch a new blockchain solution-Bitcoin 3.0. Including Bitcoin Lightning Fork, Ethereum 1.0, and EOS, etc. The technical principles behind these projects are the same, but the actual operating mechanisms are different. For example, after the launch of Ethereum 2.0, many projects tried to create smart contracts based on Ethereum technology. Finally, Bitcoin appeared in the community and sparked a lot of discussions.

Satoshi Mining App

Editor’s Note: This article is from ColorCloud Blockchain (ID: cybtc_com), authored by irishash, authorized by Odaily Star Daily to be reproduced.

According to the official introduction, a mining app based on Satoshi Mining software has been released online recently. This product is called “BTC-Mining” and is a Bitcoin mining program using mobile and Android systems. This application allows viewing of data for all blocks to create new blocks and conduct cryptocurrency transfer transactions. It also supports users to connect to a new application through their phones or computers, and then click on the link to enter the Bitcoin network.

This is a completely free and downloadable product. It allows users to log in via their phones and access their Bitcoin addresses on the web to mine BTC and other digital assets. “This feature is very simple-you can open the browser plugin wallet, or directly search in the Apple Store.” This is the first app of its kind launched after the Android system, “We are pleased to share this information with you and welcome you to join our Discord channel to learn more about mining-related information.” Currently, this mining app has attracted over 300,000 active users on the test network.

In addition, this app is still under development. In addition to the built-in wallet, there are also some other services. For example, it will provide free Steemit nodes and services that bring rewards to it.

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