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What is Whive and how does it work?
Whive is an open-source, peer-to-peer blockchain protocol that aims to promote the adoption of green energy through CPU-based mining. Launched on 02/02/2020, it utilizes the Yespower consensus algorithm and an Auxiliary-chain (AuxChain) to build upon the Bitcoin blockchain. This design ensures accessibility to low-power CPU devices, particularly in regions abundant with sustainable and renewable energy resources like solar.
What is the role of Whive coin in the ecosystem?
Whive coin is the native cryptocurrency of the Whive ecosystem. It facilitates transactions within the network. Currently, there are 36 million Whive coins in circulation out of a maximum supply of 100 million. The launch of Whive involved a diverse global community and aimed to resist large-scale (ASIC) and mid-scale (GPU) mining, favoring smaller CPUs to promote sustainable distributed computing.
What are the community use cases of Whive?
The Whive protocol enables the development of various community-built applications, such as the creation of distributed solar energy markets known as "crowd-grids." One example is the Melanin Smart-Box (MSBX), which utilizes the Whive protocol for efficient and transparent peer-to-peer energy trading using blockchain technology. Additionally, the protocol supports the conversion of solar energy into digital wealth through the Melanin Click script, which allows MSBX to mine Whive coins while running Bitcoin, Lightning, and Whive nodes.
What is dis-inflationary mining in Whive? Whive follows a disinflationary mining issuance schedule similar to Bitcoin. Block rewards halve every 4 years until the maximum supply is reached. This approach ensures scarcity and increases the value of Whive as demand and utilization grow over time.
What are the Taproot upgrades in Whive? In July 2023, Whive plans to implement Taproot, which will introduce advanced smart contract functionality to the protocol. This upgrade will enable innovative energy and AI applications, enhance privacy, scalability, and flexibility.
How does Whive contribute to the green revolution?
Whive offers an innovative and sustainable approach to powering global renewable energy markets. By leveraging decentralized, CPU-based blockchain technology, Whive aims to revolutionize the green energy sector and create a more equitable future.
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- Can you explain the advantages of using whive in the cryptocurrency market? How does it differ from other cryptocurrencies?2021-12-24
- What are the key differences in terms of security between whive and other cryptocurrencies?2021-12-24
- Can you provide some examples of how whive can be used in the blockchain industry? What are the potential applications and benefits of using whive?2021-12-24
- Can you provide a detailed description of the key features of whive that differentiate it from other digital currencies?2021-12-24
- What are the steps individuals can take to mine whive and earn rewards?2021-12-24
- Can you explain what whitelist means in the context of cryptocurrencies? How does it work and why is it important?2021-12-24