Bitget App
Trade smarter
行情交易合约跟单策略理财Web3

Monero Vets Prep Tari Token, Promising Easier Mining for Newbies Than Bitcoin

AICoinAICoin2024/08/17 17:27
作者:AICoin

In a bid to simplify the complex world of cryptocurrency for a new generation, a group of former Monero developers, including core contributor Riccardo Spagni (also known as “ fluffypony ”), are launching the testnet of their Tari Universe desktop application for mining the eponymous Tari token.


According to Tari contributor Naveen Jain, Tari was inspired by the early days of Bitcoin when anyone could mine cryptocurrency on their computer without the need for specialized equipment—before expensive, energy-consuming mining rigs became the norm.


“If you think about a new person who doesn't already have a MetaMask wallet installed and doesn't have an account with some exchange, how do they participate?” Jain, who was also an early Monero miner, told Decrypt.


“Back in the day when Bitcoin first launched, people could just mine Bitcoin on their existing computers—that's how this whole industry started,” he continued. “What if we brought things back to the way Bitcoin first started, where anyone can download free software from the internet, install it, and start to mine a new blockchain protocol?”



Jain said the Tari Universe mining software and testnet will go live on September 12, and the Tari mainnet will go live later this year.


In May, Tari announced that eligible community members could also earn airdropped Tari tokens by completing online quests, including likes and retweets on Twitter, joining the Tari Reddit community, and creating memes featuring Soon, Tari’s turtle mascot.


“[The Tari token] should be viewed similarly to a token like Ethereum ,” he said. “It's the token that powers the entire network, it's a token that you'll be using to pay for transactions and use applications eventually on the Tari network.”


While Tari is its own blockchain, Jain explained, it uses a proof-of-work consensus algorithm like Bitcoin and benefits from the technology found in Monero, a leading privacy coin. He said that it uses a “hybrid” model that mines half of its blocks on Tari and half via merge mining on Monero.


However, Jain emphasized that Tari was separate from the privacy-centric Monero project.


“It's not accurate to say that Tari is a sidechain,” he said. “That being said, we are benefiting from Monero's security model on the RandomX side via merge mining.”


Merge mining refers to a process that allows miners to simultaneously mine two or more cryptocurrencies that use the same consensus protocol and hash function. As a result, miners can earn rewards from both networks without additional resources. Merge mining benefits smaller networks by enhancing security and cost efficiency.


Jain said using this approach benefits the Tari community because it will make the network more decentralized and accessible from day one.


“It doesn't matter that you believe that ETFs will save the day, or whatever you believe about your maximalist vision,” Jain said. “The reality is that the system is now a closed box—it's not an open, accessible thing—and all the new protocols that are launching are catering exclusively to the people who are already here.”


Addressing crypto community detractors who might question the need for something like Tari Universe, Jain reiterated the need to bring in new users and not rely solely on older cryptocurrencies like Bitcoin to do the job.


“What about the next generation? What about Gen Alpha, Gen Z, these new people?” Jain asked. “You literally came to the Bitcoin Conference here in Nashville, and you had a 78-year-old former president shilling Bitcoin from the stage. If that's not the definition of a boomer coin, I don't know what is.”




According to Jain, the Tari Universe software has two modes for mining tokens: ECO mode and Ludicrous Mode, the latter a reference to Mel Brook’s classic film “Spaceballs.”


Jain said ECO mode draws fewer resources from the computer, making it ideal for mining while the computer is in use. In contrast, Ludicrous Mode consumes more resources and is ideal for when the computer is not in use, such as overnight.


“You don't need to have custom, expensive hardware like you do to mine Bitcoin in order to mine Tari,” Jain said. “If you have an existing laptop or desktop computer, you can mine Tari.”


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到[email protected],本平台相关工作人员将会进行核查。

0

免责声明:文章中的所有内容仅代表作者的观点,与本平台无关。用户不应以本文作为投资决策的参考。

PoolX:质押赚新币
CEC、QTLX、GDV等热门新币火热进行中!
立即质押!

你也可能喜欢

巨鲸动向追踪:比特币突破$60,000后,巨鲸再购1,062枚BTC

一巨鲸加仓SOL,收益超2.37万美元;另一巨鲸看涨比特币,换仓ETH为WBTC;James Fickel因做多交易对损失约18,000枚ETH;比特币突破$60,000后,巨鲸再购1,062枚BTC,持有10,043枚BTC;波段交易者获利236万美元;7个沉寂钱包转入203枚BTC,巨鲸获利689万美元;聪明资金斥资413万美元购入611万枚POPCAT。

MarsBit2024/09/13 16:00

加密ETF现货9月13日数据概况:BTC ETF单日流入量1.594亿美元

截止9月13日,比特币ETF总资产净值为537.2亿美元,单日流入量为1.594亿美元,流出量为1.654亿美元。以太坊ETF总资产净值为66亿美元,单日流出量为220万美元。比特币ETF主要流入量来自ARKB和BITB,以太坊ETF主要流入量来自Bitwise。Blackrock、Fidelity、VanEck等公司的ETF单日流入量为0,Grayscale ETHE单日流出量为7.4万美元。 摘要由 Mars AI 生成 本摘要由 Mars AI 模型生成,其生成内容的准确性、完整性还处于迭代更新阶段。

MarsBit2024/09/13 16:00