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What does post mining mean (post currency)?

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What does post mining mean? Source of the article: Bitcoin InformationAccording

What does post mining mean (post currency)?

What does post mining mean? Source of the article: Bitcoin Information

According to the blockchain browser, there are currently over 2 billion daily transfers on Ethereum. However, a large number of transactions are carried out through post, and the transaction fees for this part are recorded during mining. This type of mining is actually a reward mechanism that allows users to earn certain tokens as rewards. So what exactly is post mining? This project is mainly composed of two types of people, one is stake holders, and the other is a node maintainer, also known as a “holder”. When the value of assets held by an account reaches a certain proportion, the corresponding tokens will be generated automatically, and then the funds will be locked and frozen through the smart contract.

For these accounts, they need to pay a certain fee (such as 1 ETH), but if they don’t, their profits will be greatly reduced. Stake holders, as mentioned earlier, need to pay a certain interest for their collateral (that is, they will receive a part of the reward). Therefore, in the staking process, they must send some tokens to them, and there is no guarantee that they will receive enough tokens to support the development of the network. So what does post mining mean, etc.

Now let’s take a look at why it is said:

1. Staked.finance is a DeFi platform dedicated to decentralized financial services. The assets of stake holders will be permanently stored on the chain. As more and more communities participate, they hope to use their cryptocurrencies in other areas, including decentralized lending, decentralized insurance, etc.

2. Recently, a hot DeFi protocol called stake farming. Since the purpose of stake farming is to increase user liquidity. To solve this problem, stake farming proposes a concept similar to yield farmer, users can obtain corresponding rewards by providing tokens to stakers; Secondly, stakepool.io adopts a stable version, which can increase income without limit, and allows users to deposit more funds, thereby making the entire staking ecosystem more prosperous.

3. An important feature of stake farming is that it provides users with a more fair way to experience various applications and allows them to compete with each other anywhere.

Post Currency

According to official sources, post currency (article translation: BlockBeats) is another hot term after blockchain + search, inspired by the popular social application “Weibo” on the Internet.

With the surge of network traffic and digital currency prices, concepts such as “Weibo”, “WeChat”, and “Amazon” have been widely spread globally. However, due to problems such as information asymmetry, many media and websites have also begun to ignore this industry. “I use Bitcoin.” This sentence spread rapidly online, sparking a discussion. Some people think this is because speculation has increased sharply, leading to a large influx of speculators. Others have raised the question, “Why use blockchain technology? What do you think these terms mean?”

Another reader asked, “What is that?” He replied, “It is worthless!”

Even more interestingly, some well-known people have already used this name for the sale and promotion of cryptocurrency trading platforms, which allows people to see the companies behind them, their operating methods, and whether their products and services are worth our attention.

Currently, decentralized projects like “post” are still in the early stages, but it is likely that only a few people will truly enter the public eye. Therefore, if users want to participate, they must first log in to their own website through their personal profile, and they need to have sufficient data to share their investment experience with others.

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