From the beginning of the birth of the blockchain, whether it is a “veteran” Bitcoin or an upstart “Dogecoin”, the value support of cryptocurrency will never be separated from the foundation of “consensus”. People are crazy about consensus and cheer for value. At the same time, it seems that gradually The forgotten what is “cryptocurrency”.
Cryptocurrency: (Cryptocurrency) is a transaction medium that uses cryptographic principles to ensure transaction security and control the creation of transaction units. Bitcoin became the first decentralized cryptocurrency in 2009. After that, the term cryptocurrency mostly refers to this kind of design, based on a decentralized consensus mechanism as opposed to a banking financial system that relies on a centralized regulatory system. Yes, we gradually forget the original intention of cryptocurrency: anonymity.
In fact, the early digital ledgers were very easy to track, and Bitcoin almost made every transaction publicly. The digital ledger is the third entry in the triple entry accounting system. It shows the financial history of the entire system to everyone who knows where to look. Even after the rise of tumblers and the rise of other technologies designed to hide transactions, Bitcoin is still easy to track. Because the centralized power already knows how the digital ledger works, it can be said that Bitcoin has long become a pseudo-anonymous currency.
Since then, many people have proposed to improve the anonymity of cryptocurrencies. Dash, Monero, Zcoin and other major anonymous tokens were born. MKEcoin (MKE) is also one of them.
Based on the CryptoNote protocol, MKE inherits its anonymity to the greatest extent. MKE uses ring signature technology on the basis of this protocol to group the keys of multiple users. When a person in the group initiates a transaction, Each key in this group will participate in the transaction, but only one key will actually generate the transaction action. The receiver will also participate in the transaction with a temporary key, so that the third party cannot determine the exact identity of the initiator.
And the consensus philosophy of “one CPU, one vote” of the CryptoNote protocol implements stable encryption technology to ensure the privacy and security of transactions. Since the establishment of MKE, equality and privacy have been the main consensus goals, and strive to achieve true egalitarianism in the blockchain field.
After solving the anonymity of cryptocurrencies, cryptocurrencies that rely on ASIC chips for mining, led by Bitcoin, have been condemned by different organizations around the world. Obviously, the energy consumption of the huge computing power that the POW consensus network relies on has attracted the attention of various organizations.
According to a paper in the authoritative scientific journal “Joule”:
“The entire Bitcoin network may consume up to 184 terawatt-hours (1 terawatt-hour ≈ 1 billion kilowatt-hours) of electricity each year, which is close to the total amount of energy consumed by all data centers in the world. At the same time, the energy consumed by “mining” is generated 90.2 million tons of carbon dioxide was generated, which is equivalent to the carbon footprint of the London metropolitan area in the United Kingdom.
184 TWh is equivalent to the total amount of electricity generated by the Three Gorges Dam in China for two years, which can be used by 300 million households in China a year and the 1.2 billion people in Africa can use electricity for a year. ”
The consensus network supported by huge energy consumption is bound to continue to grow as the volume increases. MKEcoin noticed this problem when conducting network research and development, and firmly adopted the “equality consensus” advocated by the CryptoNote protocol.
Based on this, MKEcoin mainly implements the concepts of CPU mining, thresholdless mining, anti-cluster mining, and everyone mining instead of a traditional server mining pool. It is committed to building a complete block through the consensus of countless users. Chain network. In the MKE ecosystem, users can participate in MKE mining with idle CPUs, and can freely choose the number of threads to participate in, providing each user with the most free mining scheme under different demand scenarios, and users are participating in the mining process There is a small probability of producing ecological tokens as a reward for contributing computing power!
MKE adds three fixed configurations to DApp:
Maximum thread: All CPU threads are used to participate in mining, but the pressure on the client is relatively large;
Recommended thread: Put part of the CPU for mining without affecting the normal operation of the client.
Background mining: The client will dynamically adjust the number of CPUs involved in mining according to the user’s usage habits.
In addition to the above three fixed configurations, users can also freely choose the number of mining threads to participate in according to their own needs, so as to achieve the largest profit or more balanced mining method.
For MKE, a healthy and sustainable ecology is inseparable from the consensus basis of users. The computing power that each user participates in will gradually enhance the MKEcoin network. The more users participating in mining, the huge computing power flow will make it more difficult for malicious users to attack the network. An inseparable part of the MKE network! MKE can also reward users with a small probability of giving Mkecoin in return. In the future, MKE will also open the mobile client mining function to achieve extreme portability and profitability.
This may be just the beginning, but in order to resist the serious problems of centralization of computing power and huge energy consumption caused by cluster mining, MKE has taken the first step. Taking CPU mining as the starting point, returning to the original intention of the consensus of cryptocurrency, and aiming at everyone mining to realize the universality and convenience of the consensus network; MKE is exploring the path of change.
