Premi qui per visualizzare e scaricare QUESTIONS AND ANSWERS LIC Question 1. What does “difficulty” mean in the production of cryptocurrencies and why does the difficulty increase? Answer: In the language of digital currencies, Mining means the production of new coins. The main forms of mining are Proof of work (POW - proof of work) and Proof of stake (POS - proof of stake). The total number of coins that can be put into circulation (products) is set at the beginning, when the coin is launched, with the help of the whitepaper. This is a big difference compared to the money (banknotes), which are printed without limit. Consequently, according to the principle of rarity, as the total number of coins available decreases, the scarcer they become and their value increases. The intensity of transactions and operations leads to a greater difficulty in producing the currency and, therefore, a lower daily distribution. Question 2. Who is a DAMO? Answ
