Mining Florijncoin ticker FLRN
Fast and reliable transactions secured by advanced cryptography
Through a process called “mining,” people use specialized computers to solve extremely difficult math problems. If their solution is correct, they receive the right to add a new block to the blockchain. Once the network verifies that the problem was correctly solved, a new block is added to the blockchain and the miner is rewarded with Dash currency.
How Mining Works
Like many blockchains, transactions on the FLRN X11 blockchain network are secured using a cryptographic method known as Proof of Work (PoW) mining. In this process, powerful computer processors search for solutions to a mathematically difficult problem defined by the X11 hashing algorithm.
This algorithm, is developed by Evan Duffield and based on eleven of the most secure cryptographic techniques known at the time, was intended to reduce power consumption and ensure the fairest possible distribution of Dash during the early years of the network. Unlike Bitcoin, which relies on a single algorithm, X11 is also designed to provide protection against any future weaknesses discovered in one or more of the hash functions. Today, mining is a highly professionalized industry driven by powerful ASIC server farms around the globe working to secure the FLRN blockchain network. Our latest Florijncoin blockchain version is V01.16
Join the Florijncoin | FLRN X11 mining pool
To join our mining pool you first need to do a Know Your Customer (KYC) check, because we like to know for security reason who is mining and who are the miners that help us at Florijncoin | FLRN to mine all transactions. For you help you get paid in FLRN the real value of FLRN you can only see and claim on the Third party Coin Market Cap exchanges,
Information on FLRN X11 mining pools and how to use them can be found here.
Florijncoin | FLRN is a Digital Administration Organization ( DAO) registered in London – England.