What is Head Mining (What is Head 7)?

What is Head Mining? The Bitcoin network has been in development for over 1000 years, growing steadily since October 1, 2015, and only breaking 20 million by the end of 2018. In the past 12 months, the most coins mined by miners are BTC, with ETH being the second largest cryptocurrency. However, with increasing computing power and trading volume, some top exchanges have also established their own exchanges, such as OKEx, Huobi, and so on.

So, what is Head Mining? What are the characteristics of Head Mining? Let’s talk about these concepts today.

1. What is Head Mining (Tokenization)?

In simple terms, before the price of a certain digital asset is marked, there is no information available for reference. When the price exceeds the target price, the digital asset will not be confirmed or tracked. Therefore, the term “Head Mining” is very common because it refers to a token or a token issued by the project side, usually used to represent the business model of a specific project, such as company stocks, etc. Its role is to help investors judge the profitability of investment institutions and the return on investment in the project. This method is very suitable for early-stage participants, such as start-ups, who have relatively few potential investor groups and can easily carry out financing activities.

2. What is “Lock-up”?

Users can obtain corresponding rights and rewards by staking their own tokens. For example, the platform will use these tokens as collateral for users. Users can use smart contracts to automatically calculate lock-up returns and pay certain interest, ensuring the security of funds. At the same time, the system will also set the desired token quantity and future profits for users to advance understanding of the profit amount. This allows users to invest in products and services that are more secure and reliable, and avoid losses caused by hacker intrusions. Therefore, locking up tokens is a necessary and cost-effective choice for those who want to invest in digital assets.

3. How can investors earn high returns?

Generally speaking, if someone buys pre-paid encrypted assets, investors will take the money to make a purchase. In other words, you only need a small amount of ETH to get a reward of $100. If it is not for the purpose of gaining a large amount of profit, then your cost will be high.

4. “Lock-up” and “lock-in period” mean that after the user deposits a certain amount of Bitcoin into an account, in order to obtain more returns, investors can continue to deposit Bitcoin during the lock-in period to obtain more shares. After locking, the user can choose to unbind all unsettled ETH within the unlock period to participate in head mining. In the event of bankruptcy risks, investors can also exit the head mining plan early.

What is Head 7

What are Head 7 (the second) and the third? We all know that Bitcoin appeared in the first bull market on January 4, 2013. At that time, a large number of people believed it was a disaster, but it ultimately failed in an indisputable way because it was not discovered and proved to be successful. Then, a very serious price adjustment event occurred in October 2019. This raised many questions: “Why did it happen like this?”

This question may be because most people have heard of the “first generation” of Bitcoin and these cryptocurrencies have been around for many years. However, over time, this situation may change, so now there are some new cryptocurrencies emerging, such as Bitcoin Cash, Lightning Network, and so on. However, for those who have not yet understood the blockchain, the “second generation” is a concept introduced before the Ethereum 2.0 version, which includes a term related to smart contract technology called “empowered”, which allows developers to deploy code directly on the chain to solve practical problems. So, what caused their existence?

First, let’s take a look at the first three projects.

The first project is Ethereum Classic (ETC). This is a network prototype specifically designed to build the Ethereum Virtual Machine (EVM) system.

Then, we will introduce the third blockchain, how does it work? If someone wants to understand how the fifth blockchain works, please click the link below.

Lastly, let me briefly explain the sixth public chain: Ethereum Classic (ETH). Ethereum Classic is a decentralized consensus protocol achieved through the proof-of-work mechanism (PoW); it provides a new computing paradigm. It uses proof-of-stake algorithm to verify each block, thus creating the Ethereum 1.0 blockchain. When it comes to transfers, the transaction is sent to miners or delegates to generate new block producers.

And then write this information into the account of the block producer, the so-called wallet address. (Note: Two addresses previously received a transfer from a certain exchange, but there is currently no record of the transfer)

So, you only need to enter the private key to get your ether. If you use the cryptographic programming language Solidity, you can get what you want. You can imagine that as long as you have a computer, you have a complete software, you can send a message to anyone and complete the entire process by email; or, you can easily send a message like Google to get your ether. This is why we call it “Head 7”.

The eighth is bitcoin, which is a forked coin of Bitcoin. As Bitcoin is not a single ledger, but multiple independent repositories, it means that Bitcoin is not controlled by different entities.