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Detailed intro about Satoshi BTCs mining

Posted on July 2, 2022August 18, 2022 By Mentorslinks.com 8 Comments on Detailed intro about Satoshi BTCs mining

Satoshi BTCs mining is a decentralized crypto newly developed by team of programmers called Core DAO. BTCs Miners are rewarded with Bitcoin (BTC).

Detailed intro about Satoshi BTCs mining

The BTCs is the native currency and fuel of the Satoshi Chain much like Bitcoin to the Bitcoin Network and Ether to the Ethereum Network.

What is Satoshi Chain?

Satoshi Chain is a new blockchain (Decentralized ledger Technology) based on Satoshi+ Consensus algorithm. This algorithm is connected to the Bitcoin POW protocol by validator mapping and supports Ethereum Smart Contract capabilities.

Connected to POW and addition of Delegated Functionalities similar to POS makes Satoshi Chain Decentralized, Scalable and Secured thus solving the Blockchain trilemma as proposed by Vitalik.

Steps to Delegate tBTCs to Validator(s):

#BTCs Miners can delegate testnet-BTCs (tBTCs) to validators and share system rewards.

  • Open validator.test.btcs.network on your MetaMask browser; choose a Validator eg Rock Node, Ant Node, Spider Node, Beetle or Formation Node.
  • Click Delegate > delegate coin at top left corner and select amount of tBTCs you want to delegate; click delegate and scroll down the page to Confirm transaction.
  • Check for total delegated amount under coin tab & corresponding delegates transaction under the CoinRecord tab.
  • To Cancel delegation and get your tBTCs back, click undelegate > undelegate coin button and sign the transaction.
  • To see reward information on each validator you delegated to, click “My Staking” on the top right.
  • To claim rewards, click on the Claim button at the top left. Sign transaction to claim rewards. After claiming reward, check the corresponding transaction under the claim tab.

Clarifications on delegating of tBTCs to Validators:

You can’t apply as a validator because you need a minimum of 10,000 tBTCs. You can delegate tBTCs to more than one validator. There is hash delegation function but you don’t have a Bitcoin pool and the 64 bytes BTC node public key cannot be filled.

For latest news about Satoshi BTCs mining, join the Telegram Group to meet active members, Telegram Announcement Channel, and the BTCs Twitter Community. Gracias 😊

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Comments (8) on “Detailed intro about Satoshi BTCs mining”

  1. L Chongloi says:
    August 16, 2022 at 07:57

    I need a good guide to prooceed as per required by norms of the coy.

    Reply
  2. Bartholomewndu5 says:
    August 22, 2022 at 13:39

    how l withdraw money from core?
    What is my work to do as a member?

    Reply
  3. Muhammad says:
    August 26, 2022 at 06:44

    Thanks for the information

    Reply
  4. Simon says:
    September 12, 2022 at 17:59

    Please kindly allow me to exchange my hash card

    Thanks

    Reply
  5. Simon Galo says:
    September 16, 2022 at 06:55

    Good project,,,

    Reply
  6. Sam says:
    September 16, 2022 at 06:56

    Nice crypto project

    Reply
  7. Ogunmakin Michael says:
    November 12, 2022 at 01:38

    Thanks for the update on tCORE delighting. I followed the steps and opened rock node. The feature “deligate” was not available.
    I need more guide please.

    Reply
  8. Alalade Amos Ayobami says:
    November 24, 2022 at 17:42

    Please I need your urgent response, I mistakenly delete the app out of ignorance before migrating to the new SATOSHI app and since then ve been unable to login into my SATOSHI account. Please how can I regain my SATOSHI account again, please I need your help. Thanks

    Reply

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