What is the pre excavation of digital currency (how to predict the future trend of digital currency)

08/05/2023 15:31 • Crypto & Markets • 82 views

What is pre mining of digital currency? What is pre mining of digital currency Pre Pooling is a new method of mining based on blockchain networks. It will use smart contracts to pre excavate a certain asset at a fixed point in time and continuously generate corresponding returns, thereby achieving a series of operational processes such as issuing, trading, and lockdown of tokens; And achieve this goal through a method called “liquidity mining”; Another method is to use tokens as collateral for borrowing and lending

In the traditional financial market, when investors want to obtain higher returns, they can use Cryptocurrency or other Cryptocurrency to participate in the DeFi ecology for arbitrage and game. For ordinary investors, this method is relatively safe, convenient, and fast. Therefore, due to the high risk and large amount of funds in the current DeFi agreement, investors often choose to participate using a smaller investment scale. With the sharp drop in Bitcoin prices and the increasing number of DeFi application scenarios, pre mining has also become an emerging option. How to excavate BTC in advance? Why do we need to pre excavate BTC? Pre excavation is a process of using Computer code technology to generate a block. Specifically, it means pre mining a Bitcoin and then mining it out to use the cash generated from this block to obtain the money. That is to say, after pre excavation, there is no longer a need to wait for others to verify its true value, but to first buy at the previously set price, and then purchase the corresponding quantity of Bitcoin based on that price What does pre excavation mean? We call it initial preparation work or experimental phase work – developing a new system/platform and externally debugging the performance and stability of the new system. The main purpose of pre excavation is to help early project parties solve market problems they face: first, to find promising products; The second product is provided to users. Finally, there is a tool that allows them to access the latest blockchain information

How to predict the future trend of digital currencies

According to CCN, investors in Bitcoin and digital currencies are familiar with the trend of Bitcoin over the past year.

. But many people may not know what the market trend will be in the future, or just buy Cryptocurrency for short-term profits. Because many people in the market now believe that once the price has risen to a certain level, they no longer need to buy, but should continue to hold on. What if we don’t pay attention to future trends at this time? The answer is: falling is the true bull market, and rising is also possible.

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