Can Miners Take Over How They Mint Coins?

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  • Profile photo of Kayla Boehm
    pagac-beaulah
    Participant
    Points: 15
    #7013

    please i want to know if Miners Take Over How They Mint Coins?

    Profile photo of Elton Schneider
    erich-leannon
    Moderator
    Points: 2,732
    #7014

    Ah yes. That’s the infamous shot of 51%. If you do not know how to do it, you can learn more about the math problems that create the next block in the blockchain. In theory, miners may do so and block the completion of new transactions. In such a scenario, you can enjoy the activity.

    Although this has already happened, it is an unlikely result. Some cryptocurrencies, like Zcoin, use different algorithms to prevent minors from having so much power. Others are studying different methods to prevent this from happening.

    You do not have to worry too much about it.

    Expertise: currency strategist
    I have had many years of experience on FX trade desks and I have published currency market research for many different trader websites.
    I started my career in 1998 specializing in intraday strategies.
    After 2001, thanks to the tech boom, I have enlarged my approach with Swing-Trading and Algorithmic-system.
    From 2015 I'm carefully following the bitcoin boom, and now for all Altcoin growing.

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