I was thinking about how ETH was going PoS soonish and about where all of that hash power is gonna go. I may have just thought of a solution.
Has anyone thought about making an ERC20 token that you can mine? I have no coding skills so writing anything in solidity would be impossible for me, but has anyone thought of/about this? Is it even possible to make a token that you have to mine for?
It would solve the distribution problem that every ERC20 token inherently has; they are all just created into existence out of thin air and then distributed in some way, unlike how Bitcoin or any other pure mined crypto is distributed.
Anyways I hope some of you here that are more skilled with this sort of stuff can give me some insight.
Edit: I did some more googling about this and turns out there already is minable tokens under EIP 918, i wonder why this never was talked about? The only minable token that even somewhat appears to have a community is something called 0xbitcoin and it just looks like Bitcoin but running on Ethereum? Idk I didn't read much about it, but I'm glad to know I wasn't the only one who has thought of this; someone else did years and years ago. Maybe one day I'll think of something that someone hadn't before lol
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments