What is ddam mining pool?

DDAM is a decentralized data asset management architecture that is sufficiently flexible, secure, and stable to help all data producers and managers realize the value of their data. Data assets are data resources that can generate value for the data owner. Only scientific and effective data management can help data owners form data assets.

DDAM is based on the POC consensus mechanism to meet the efficiency and security of this chain. (Recommended Learning: PHPSTORM )

BTC to verify the value and success of the POW consensus mechanism in 11 years!

POC is an upgraded version of POW mining. It saves energy consumption and operating costs, but like POW, it requires the purchase of hardware equipment and the consumption of electricity to generate mining income.

The purchase of equipment, the consumption of electricity bills, and the operation and maintenance costs of human resources and technology have underpinned its price. The increased awareness of data asset ownership has accelerated the tension between supply and demand, highlighted value, and driven up prices!

In addition, we add Turing complete technology based on POC to realize commercial applications and accelerate industrial upgrading! POC mechanism Turing complete technology is the future trend. We are the first to use this technology for data asset management applications.

Because the computing level of the entire Bitcoin network continues to rise exponentially, no single device or a small amount of computing power can obtain the block rewards provided by the Bitcoin network on the Bitcoin network.

After the computing power of the entire network has increased to a certain level, the probability of obtaining rewards is too low, prompting some geeks on "bitcointalk" to develop a method that can combine a small amount of computing power for joint operation, using The website established in this way is called a "Mining Pool".

In this mechanism, regardless of the amount of computing power available to individual miners, as long as they participate in mining activities by joining a mining pool, regardless of whether they have successfully mined valid data blocks, they can all The contribution of the pool is used to obtain a small amount of Bitcoin rewards, that is, multiple people cooperate in mining, and the Bitcoin rewards obtained are also shared among multiple people according to their contribution.

The existence of mining pools reduces the difficulty of mining virtual digital currencies such as Bitcoin, lowers the mining threshold, and truly realizes the concept of Bitcoin mining that everyone can participate in.

But its disadvantages are also very obvious, because the computing power is connected to the mining pool. As a mining pool, it will control extremely huge computing power resources. In the Bitcoin world, computing power represents memory. Account power and computing power are everything. If the computing power of a single mining pool reaches more than 50%, it will be able to easily launch a 51% attack on Bitcoin and other similar virtual digital currencies.

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